NEW YORK, and RUTHERFORD, N.J., Mar 22, 2004 /PRNewswire-FirstCall via COMTEX/ -- Sector, Inc.(R), a leading managed services, communications and data distribution provider for the financial services industry, and AXS-One Inc., a leading provider of enterprise compliance platform solutions, today announced a strategic alliance enabling both organizations to offer the AXS-One(R) Compliance Platform for Email and Instant Messaging Archival, Supervision, and Discovery in a hosted, ASP or hybrid environment. Because the proposed alliance offers customers several options, they can select the environment that best aligns with their internal technology infrastructure and operations.

Through the alliance, Sector will utilize AXS-One's Enterprise Compliance Platform, a platform solution that assists any organization in establishing centralized policy and enforcement controls for management and compliance objectives for electronic communications and records management. The Sector Email and IM compliance solution complements AXS-One's software value by providing customers with multiple options for deploying and managing a compliant email archive, with long term retention for SEC Rule 17a-4 managed disposition, supervisory review functionality for NASD 3010 and for quickly responding to legal and audit requests. Customers can now have Sector host their software and subscribe to the Sector fully managed service, or select a hybrid approach of an in-house and hosted solution. This ability helps businesses to more easily align their compliance solution with the requirements of their internal technology infrastructure, while speeding implementation, controlling costs, and maintaining a high level of security and service.

"In the financial services industry, firms of all sizes and capabilities have trusted Sector for reliable, cost-effective solutions that provide flexibility to meet their specific needs," stated Fred Del Gaudio, President and CEO of Sector, Inc. "Our alliance with AXS-One is a natural fit, given its long-standing reputation for providing SEC and NASD-compliant solutions for the financial services industry. Additionally, its Linux alternative for the archive is very appealing because many larger firms are moving in this direction. AXS-One's ease of implementation and flexibility has been proven in all of our implementations."

"We are excited about partnering with Sector to increase the number of options available to customers to implement the AXS-One Compliance Platform for Email and Instant Message Management," stated Peter Mojica, vice president, product marketing and management for AXS-One. "The complementary synergy of AXS-One and Sector offers highly scalable, complete solutions with unparalleled domain expertise in the financial services and regulated industries. Together we will provide rapid activation and implementation of compliant solutions for meeting the industry's needs for today with constant anticipation of what is needed for the future."

About AXS-One

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.axsone.com.

About Sector, Inc.(R)

Sector, Inc., the subsidiary of the Securities Industry Automation Corporation(SM) (SIAC(SM)), offers a wide range of high value communications, networking, and managed services, which include email archival compliance, outsourcing, facilities management, disaster recovery, E solutions, enterprise services, network, and data distribution services. Headquartered in New York City, Sector, Inc. has regional offices in Chicago, San Francisco, and Boston. More information can be found at www.sectorinc.com.

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.

     Sector, Inc. Contact:               AXS-One Contact:
     Joyce Smith                         Dawn Ryan
     (212) 383-2168                      (201) 372-6243
     jsmith@sectorinc.com                dryan@axsone.com

SOURCE AXS-One Inc.

Dawn Ryan of AXS-One
+1-201-372-6243
dryan@axsone.com
or
Joyce Smith of Sector, Inc. +1-212-383-2168
jsmith@sectorinc.com
http://www.axsone.com