RUTHERFORD, N.J., June 10 /PRNewswire-FirstCall/ -- AXS-One Inc. (Amex: AXO), a global leader in record compliance management, today announced that William P. Lyons, the Company's President and Chief Executive Officer was elected Chairman of the Board of Directors during a Board of Director's meeting following the Company's annual stockholders' meeting. Mr. Lyons replaces Elias Typaldos, who will continue to serve the Company as Vice Chairman, Technology and a director.

Mr. Lyons joined AXS-One in April after serving as chief executive in high growth software companies for large enterprise markets, including leadership positions with Caminus Corporation, Ashton-Tate, ParcPlace Systems, Finjan Software, NeuVis and IBM Company.

In addition, during the annual stockholders' meeting, the stockholders ratified the slate of directors, re-electing the eight directors submitted by the Company's Board of Directors. Stockholders also approved amendments to the Company's 1998 Stock Option Plan (including adding an additional 2,000,000 shares as available for option grants under that plan) and ratified the appointment of KPMG as the Company's independent auditor for 2004.

About AXS-One Inc:

AXS-One (Amex: AXO) is a provider of electronic information archival and compliance solutions as well as supply chain management solutions 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 www.axsone.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, Tivity and AXS-Link 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.

For further information, please contact
Bernard Cassidy
AXS-One Inc.
+1-201-372-6231
bcassidy@axsone.com

or

Investors
Matthew Hayden
Hayden Communications, Inc.
+1-858-456-4533
matt@haydenir.com