Washington, DC May 1999 -- In an unprecedented move, Propsect Technologies President and CEO, Bill Lewis, testified before both the U.S. House of Representatives and Senate, on the Y2K issue. Lewis, who was asked to testify for his knowledge of the Y2K problems as well as the potential for his firm, Prospect Technologies, to be both a defendant and plaintiff in possible litigation resulting from the Y2K problem, described in detail what it would mean if a small firm was in the midst of litigation resulting from the Y2K problem.

“As we approach the new millenium, technology represents one of America's greatest accomplishments as well as one of its greatest challenges. Technology has helped American business to become more efficient and more able to compete with our foreign counterparts, but as we have become so reliant on technology, we become more vulnerable to problems with that technology. To my company's clients and me, the benefits far outweigh problems and we should continue to explore new opportunities for improving products and services as well as competing more efficiently around the world.”

“I raise the issue of risk and reward as it relates to technology, because each day, Prospect Technologies must continually ensure that our products and services work to enhance our customers' business operations and not complicate or interfere with their normal operations. As a result, I am continually challenged as the President and Chief Executive Officer to check and double check that our products and services do not adversely effect one of our customers. I come to you today concerned about Y2K litigation as potentially both a defendant and a plaintiff.”

Click here for Bill Lewis’ House Testimony

Click here for Bill Lewis’ Senate Testimony