RUTHERFORD, N.J., Sep 26, 2002 (BUSINESS WIRE) --

Global Implementation Continues on Schedule for AXS-One's AXSPoint Solution

AXS-One Inc. (AMEX: AXO), a leading provider of e-business solutions, today announced that its global implementation at a leading investment banking, securities, and investment management firm is proceeding in spite of difficult economic conditions.

The long term AXS-One client recently deployed AXS-One's AXSPoint Central solution as the de facto standard for a range of business processes, including the archival, retrieval, electronic distribution, and management of enterprise reports and other data.

AXS-One's AXSPoint solutions are designed to streamline the process of storing and managing critical enterprise information, making it easy for organizations to access, publish, and share knowledge with employees, customers, and partners. The pressures to insure that managers have the right information at the right time in the right form have never been higher.

"Facing globalization, mergers and acquisitions, and compliance pressures, financial services organizations are increasingly challenged to share business content with colleagues and partners around the world," commented Mason Grigsby of IMERGE Consulting, a leading professional services firm. "AXS-One is a key enabler in providing financial services companies with the best-in-class technology they need to effectively address those issues. AXS-One offers powerful solutions for organizations to seamlessly consolidate data from a range of business systems, and make it continuously available to users worldwide - while complying with global standards for information storage."

"AXS-One is committed to equipping our customers with the technology they need to be effective in today's changing marketplace, not just delivering information, but assisting them in addressing compliance, security and business continuity issues. We are extremely pleased about our client's recent decision to standardize globally on our AXSPoint solution," added John Rade, Chief Executive Officer of AXS-One. "This is an ongoing testament to the robust capabilities our technology offers, to the fact that we have maintained relevance in the face of changing priorities and needs, and to the value our products deliver to our worldwide customer base."

About AXS-One Inc.

AXS-One (AMEX: AXO) is a provider of supply chain management solutions for service industries that extend the finance function and allow organizations to work collaboratively with their partners, suppliers, employees, and customers while preserving investments in existing systems. AXS-One has implemented high-volume, interoperable, scalable and secure business solutions for the global 2000. Its Web Services-based technology has been critically acclaimed as best of class. AXS-One has approximately 250 employees in offices worldwide, including Australia, Canada, Singapore, United Kingdom, United States, and South Africa. AXS-One was founded in 1978, and is based in Rutherford, New Jersey, U.S.A. For further information, 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, e-Cellerator, AXS Desk, "AXS-One Collaboration FrameWorks," SMART, and Tivity are trademarks of, and "Access Tomorrow Today," AXSPoint, and TransAXS are registered trademarks 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.
Bernard Cassidy, 201/372-6231
bcassidy@axsone.com
or
Springboard Public Relations
Domenick Cilea, 732/863-1900 ext. 102
dcilea@SpringboardPR.com