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PRESS RELEASE
NEW SURVEY SHOWS XML CONVERSION PROJECTS MOVING FORWARD IN TOUGH ECONOMY

FRESH MEADOWS, NY-December 6, 2002-Despite tough economic times, many firms are increasing their XML conversion efforts and only a tiny percentage are cutting back, according to a survey conducted by New York based tech firm Data Conversion Laboratory (DCL).


The main reason cited by respondents for converting data was for preparation for the web - which is to be expected as the current trend across most industries is for content to be web based. Other reasons cited were: internal documentation, distributing data to customers and vendors, and workflow/process improvement.


Commenting on the results of the survey, DCL president Mark Gross said: "(The survey) shows that the concept of 'intellectual capital,' which is very much driven by XML, is more and more a key part of the new economy."