Press Releases

Press Release
Leading Malaysian Finance Institution Selects AXS-One; AXS-One and Microlink Partner to Provide State of the Art Banking and eFinancials Solution

SINGAPORE, Mar 12, 2002 (BUSINESS WIRE) -- AXS-One (AMEX: AXO), a leading provider of e-business solutions, today announced that EON Finance, one of Malaysia's foremost finance institutions has selected the AXS-One Enterprise as a part of their core banking system implementation.

The acquisition was driven by the rapid growth of the company requiring a more robust system.

Building on earlier wins in this region, this agreement brings to four the number of Malaysian Banking and Financial Institutions using AXS-One Enterprise, further strengthening AXS-One's position as the system of choice for the Financial Services industry worldwide. EON Finance joins financial institutions such as Bank Rakyat, MBf, BOK Financial, DBS, and others who have selected AXS-One.

This agreement was won in partnership with microlink.com.my, a leading systems integrator providing banking systems and expertise in the Asian region. The partnership provides Malaysian Banking & Finance organisations with state of the art transaction processing solutions including Islamic Banking facilities combined with industrial strength e-financials and e-business supply chain management.

"We are delighted with the success of our partnership with Microlink. It is clear evidence of the success of our channels strategy" said Mr Ossie Pisanu, Vice President, Asia Pacific, AXS-One. "The synergy between the two companies will benefit our joint clients by providing domain expertise in solutions and integration capabilities as needed." 

    About AXS-One
AXS-One (AMEX: AXO) is a provider of e-Business solutions for global 2000 companies, professional service organisations (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 with Asia Pacific Headquarters in Sydney, Australia. For further information on AXS-One, visit www.AXSOne.com. 

    About Microlink
Microlink is a systems integrator, providing focused Information Technology expertise. It specialises in the development and application of advanced technology, providing comprehensive and innovative solutions for the financial services and logistic sector.

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                              
                  Keith Poole, 65 536 7808                          
                  kpoole@axsone.com                    
                  or
                  AXS-One                   
                  Gilly Hen-Boisen, 61 2 9922 0616            
                  ghenboisen@axsone.com.au
"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.