Press Releases

Press Release
Global Banking and Financial Services Organization Chooses AXS-One; First major sale by AXS-One's Central and Eastern European reseller since spin-off

RUTHERFORD, N.J., Feb 12, 2002 (BUSINESS WIRE) -- AXS-One Inc.(TM)(AMEX: AXO), a leading provider of e-business solutions, today announced that one of the largest banking and financial services organizations in Poland has chosen to implement AXS-One's AXSPoint information management solution to help improve management reporting and performance monitoring within its operations.

This is the first new client deal by KONTINUUM Group Sp. z o. o., AXS-One's Central and Eastern European distributor and former subsidiary.

One of the largest banking and financial services organizations in Poland has chosen to implement AXSPoint(TM) Solutions to provide report management from various platforms and report distribution throughout the whole organization. The AXS-One solution will replace the majority of printed documents, enabling users to have rapid access to information stored in reports and create customized financial reports from various sources. Additionally it will give the bank's customers self-service access to information via Internet.

"This deal demonstrates AXS-One's strength in delivering solutions for worldwide financial organizations," said John Rade, chief executive officer. "Global companies discover that the leading differentiator of AXS-One's financial reporting, analysis, collaboration and management capabilities is our quick time-to-value due to building on their existing technology investments. KONTINUUM is off to a great start in 2002 and we expect it will continue to break into new markets within Central and Eastern Europe." 

    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 known as 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.

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. 

CONTACT:          AXS-One Inc.
                  Deanna Kowalik, 201/372-6353
                  dkowalik@axsone.com
"Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995: Statements in this press release regarding AXS-One Inc's business which are not historical facts are "forward-looking statements" that involve risks and uncertainties. For a discussion of such risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see "Risk Factors" in the Company's Annual Report or Form 10-K for the most recently ended fiscal year.