AXS-One's e-Business Solutions Improve Operating Efficiency in Slowing Economy

 Rutherford, NJ – December 12, 2001 – AXS-One (AMEX: AXO) today announced some of the global customers that have licensed new or additional products thus far in 2001 including: African Legends, American International Group, Inc., AON Consulting LTD., BRE Bank, Catholic Church Insurance, CCH Australia LTD., City University of New York Research Foundation, Compensation Commissioner, Countrywide Home Loan, Darebin City Council, Daytimers, EOTT Energy, Hospitality Warehouse, Insignia ESG, Inc., Man Group, Perpetual Trustees of Australia, SEMA/Bulgarian Railways, Sesame Workshop, South East Water Limited , State Of Washington, Road Accident Fund, and Yarra Valley Water.

"Our customers are seeing an opportunity with our AXS-One Enterprise e-Cellerator™ solutions to reduce costs by streamlining their processes, thereby facilitating a rapid response to both demanding business changes and growing information sharing needs," says John Rade, President and CEO.  "AXS-One helps organizations enable information exchange both internally, and throughout an organization's value chain via web deployment.   Throughout this year, even with the economy's downturn, value is being recognized, and AXS-One's solutions are being further adopted, by global 2000 companies."  

Global companies are furthering their success by adopting, or increasing their investment in, AXS-One's solutions.  By quickly and easily linking AXS-One solutions with their existing systems, as well as with applications of their partners within their supply chain, these companies are recognizing a rapid return on investment by reducing costs, a priority in today's economy. AXS-One's e-Cellerator solutions have proven to be a financially sound choice, allowing companies to identify, measure and optimize the assets that make up their financial value chain. 

AXS-One's collaborative applications are allowing these and other companies to increase their business value through significant process improvement. AXS-One connects the disparate elements that constitute any company's value chain and helps companies move away from a transaction-based process to a web-based method.  

About AXS-One Inc.

AXS-One (AMEX: AXO) is a provider of e-Business solutions for global 2000 companies, professional service organizations (PSOs) and financial managers. AXS-One, formerly Computron Software, Inc., has implemented high-volume, scalable and secure business solutions for hundreds of customers across the globe. AXS-One has approximately 300 employees in offices worldwide, including Asia, Australia, Canada, 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.axs-one.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, AXS Desk and Tivity are trademarks of, and TransAXS is a registered trademark of, AXS-One Inc., in the U.S. All other company and product names are trademarks or registered trademarks of their respective companies.

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