NBX CORPORATION ACHIEVES Y2K COMPLIANCE
Andover, MA, January 25, 1999 - NBX Corporation, developer of the worlds only reliable convergent business telephone system, the NBX 100 Communications System, today announced full Year 2000 (Y2K) compliance. With this announcement, NBX Corporation confirms that the NBX 100 Communications System has been tested extensively to certify that it properly processes and uses dates before, during, and after transition from December 31, 1999 to January 1, 2000. For NBX customers, this assurance eliminates one level of effort and cost as they work to develop solutions to their internal Y2K situations. Worldwide, costs to fix the Y2K problem are estimated to exceed $600 billion. The Y2K issue is of serious concern to every network and information systems manager, said Daniel J. Massiello, President and CEO of NBX Corporation. Managers of small and mid-size companies, departments, and branch offices need to know that the integrated voice and data communications equipment they invest in will continue to perform when 2000 arrives. Our complete product line has been fully tested to be 100 percent compliant for the Year 2000. The Year 2000 Problem, also known as Y2K or the Millennium Bug, is a processing error resulting from the use of two-digit (98) rather than four-digit (1998) year coding in many legacy computing systems. Because these systems were not programmed to differentiate between the year 1900 and the year 2000, computations and processes dependent upon differentiation between the two are expected to crash on January 1, 2000. The resulting system failures are predicted to be far-reaching for those systems not achieving 100 percent compliance by 2000.
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