RUTHERFORD, N.J.--(BUSINESS WIRE)--April 7, 2003-- New Solution Extracts Data from Various Applications and Consolidates it into One Centralized Spreadsheet

AXS-One Inc. (AMEX: AXO), a leading provider of e-business solutions, today announced the availability of its AXSPoint Data Retriever Solution for use with Microsoft(R) Excel, a new solution designed to extract data directly from multiple applications and reports, and combine it into one spreadsheet.

This solution provides a cost-effective way to aggregate information, and create timely data-driven Excel based reports. Demonstrations of this new solution are being held at the AIIM Exposition, Javits Convention Center, New York from Monday, April 7th until Wednesday, April 10th.

Utilizing AXS-One's AXSPoint Web Services, designed to help organizations leverage the Web to build secure, self-service information systems for customers, partners, and employees, the AXSPoint Data Retriever Solution defines information sources located throughout the organization, extracts information from numerous reports and integrates it into one central spreadsheet. This eliminates the repetitive tasks of searching for multiple data sources, preparing it for export, and combining the data into Microsoft Excel.

In addition, AXSPoint Data Retriever facilitates the process of reconciling information and helps to better manage errors by automatically updating the Microsoft Excel spreadsheet as soon as new information becomes available from the respective data sources.

"AXS-One continues to expand the capabilities of our solutions to help customers leverage technology and move closer to the real time enterprise," commented John Rade, President and Chief Executive Officer of AXS-One. "The new AXSPoint Data Retriever Solution delivers a powerful tool to cull data from different systems and improve decision-making capabilities."

AXSPoint Data Retriever Solution can be easily extended to support business activities outside the corporate firewall. Customers, suppliers, partners, and other users can all access and/or link to the AXSPoint Data Retriever via Web Services over the Internet to support a multitude of transactions and reports.

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, the AXS-One logo, "Access Tomorrow Today," AXSPoint, and TransAXS are registered trademarks of, and e-Cellerator, AXS Desk, "AXS-One Collaboration FrameWorks," SMART, and Tivity are 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 bcassidy@axsone.com
201/372-6231
or
Springboard Public Relations
Domenick Cilea
dcilea@SpringboardPR.com
732/863-1900 x.102
SOURCE: AXS-One Inc.