LAGUNA NIGUEL, Calif., July 18, 2006 (PRIMEZONE) -- California Software Corporation (Pink Sheets:CSWX), a leader in Legacy Extension, Business Intelligence and loan production software for banks, credit unions and consumer lending institutions and developer of the award-winning infinite product lines, announced it has been named to the Orange County Business Journal's Largest Software Companies List for 2006.
Bruce Acacio, CEO, California Software said, "We are very pleased to have been included in this year's list of the area's largest Software Companies. This recognition is because of the market's recognition of our latest family of products and services. Our growth rate continues to outpace the market and all signs are that it will continue."
This recognition has followed some very significant company announcements such as the release of infinite 36 Version 10. The latest version of the SSP-based migration and modernization suite provides new features that are not provided for these applications by any other platform, including the iSeries by IBM. The product announcement was released amid general market concerns that IBM will no longer be supporting SSP-based applications on its System I platform.
About California Software Corporation
California Software is a global provider of software and services for the legacy extension and financial services markets. The company is headquartered in Orange County, CA and operates globally from offices in Asia, North America, South America and Europe. The Company's products are marketed under the brand names infinite and LPS. California Software enjoys over 100,000 installations in 56 countries.
About The Orange County Business Journal
Each week, the Orange County Business Journal delivers the most complete package of news and information on Orange County's companies, industries and businesspeople. It is comprehensive, authoritative, concise and entertaining. Presented in a lively and accessible format, the Business Journal is required reading for Orange County executives, managers and professionals -- written in an up-tempo, breezy style that reveals the drama, excitement and fun in business.
Safe Harbor Statement
"Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995: This release includes forward-looking statements intended to qualify for the safe harbor from liability established by the Private Securities Litigation Reform Act of 1995. These forward-looking statements generally can be identified by phrases such as California Software or its management "believes," "expects," "anticipates," "foresees," "forecasts," "estimates" or other words or phrases of similar import. Similarly, statements in this release that describe the Company's business strategy, outlook, objectives, plans, intentions or goals also are forward-looking statements. All such forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from those in forward-looking statements.