Rutherford, NJ, June 13, 2001 -- AXS-One Inc. (AMEX: AXO) today announced that its stockholders overwhelmingly re-elected the incumbent board of directors at their annual meeting held today. Also passed, by an overwhelming margin, at the annual meeting was an amendment to the 1998 Stock Option Plan, increasing shares available for options issued under such plan from 1.5 million to 3.0 million shares (due to an initial mistreatment of broker non-votes, it was erroneously announced at the annual meeting that this amendment had not passed).  Over 93% of the outstanding shares were represented, in person or by proxy, at the meeting. 

About AXS-One Inc.

AXS-One (AMEX: AXO) is a provider of e-Business financial and information management solutions for global 2000 companies, professional service organizations (PSOs) and financial managers.  AXS-One, formerly known as Computron Software, Inc., has implemented high-volume, scalable and secure business solutions for hundreds of customers across the globe. AXS-One has over 300 employees in offices worldwide, including Asia, Australia, Canada, Europe, United Kingdom, United States and South Africa.  AXS-One was founded in 1978, and is based in Rutherford, New Jersey.  For further information on AXS-One, visit the AXS-One web site at http://www.axsone.com/.

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This press release contains forward-looking statements.  Such statements are only predictions and actual events or results may differ materially.  All forward-looking statements involve risks and uncertainties, including, without limitation, the risks detailed in the company's documents and reports filed from time to time with the Securities and Exchange Commission.  

AXS-One, "Access Tomorrow Today", e-Cellerator, AXSPoint, TransAXS, AXS Desk and Tivity are trademarks of AXS-One Inc., in the U.S.  All other companies and product names are trademarks or registered trademarks of their respective companies.

Contact:

Kara Schwerdtfeger
AXS-One Inc.
(201) 372-6559
kara@axsone.com