LAGUNA NIGUEL, Calif., March 20, 2007 (PRIME NEWSWIRE) -- 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 and LPS product lines, announced today that it will change its name to INFINITE Software effective today.
"The California Software moniker has served the company well for over 31 years. Given the global nature of the company, however, and the company's highly successful branded products under the INFINITE name, this name change will reflect the significant expansion of the product lines as well as the global presence of the company," said Bruce Acacio, CEO, California Software.
"The new Corporate name and identity will not affect the capital structure of the company and the company intends to maintain its OTC listing under a new symbol," continued Acacio.
The company's web site is still viewable under the www.californiasoftware.com URL, but will soon be changed to www.infinitesoftwarecorp.com. California Software is the world leader in migrating IBM Legacy applications to Windows, Unix and Linux.
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.
Safe Harbor Statement
"Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995: This report 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 management "believes," "expects," "anticipates," "foresees," "forecasts," "estimates" or other words or phrases of similar import. Similarly, statements in this report 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.