Purchase of 12,500 AXS-One Compliance Platform Licenses will Help Raymond

James Financial Meet Constantly-Evolving Corporate Compliance Regulations

RUTHERFORD, N.J., April 23 /PRNewswire-FirstCall/ -- AXS-One Inc. (Amex: AXO), a leading provider of records management and enterprise content management solutions, today announced that Raymond James Financial, Inc., one of the largest financial service firms in the United States, has selected its AXS-One(R) Compliance Platform to facilitate the company's compliance and email management operations.

Under the terms of the deal signed in March 2004, Raymond James Financial will receive 12,500 licenses for AXS-One compliance solutions to help meet constantly-evolving federal corporate compliance regulations by effectively collecting, archiving and managing critical business data, including email communications, across its 2,200 locations worldwide.

The AXS-One Compliance Platform will be implemented within the company's existing infrastructure of Microsoft(R) Exchange 2000 servers running in a Windows(R) 2000 environment.

"Raymond James Financial is a highly valued customer for AXS-One, and this contract in a new area further reinforces the solid foundation of our established business relationship," John Rade, President and CEO of AXS-One, said. "The confidence placed in the AXS-One Compliance Platform by Raymond James' team is extremely rewarding, and it highlights the solution's value to the industry." He continued, "Equally gratifying is that this contract was won in head-to-head competition against other e-mail management vendors, confirming once more AXS-One's leadership in this market."

The AXS-One Compliance Platform helps regulated organizations meet fluid compliance mandates, including SEC17a-4, NASD 3010 & 3110, Sarbanes-Oxley, HIPAA, and others. It is designed to help these companies protect and utilize corporate information as an asset, while reducing operational bottlenecks and potential liabilities.

Implementation of the AXS-One Compliance Platform is currently underway at Raymond James Financial, and officials there expect to have the system fully operational within six weeks.

About Raymond James Financial

Raymond James Financial (NYSE: RJF) provides financial services to individuals, corporations and municipalities through its three wholly owned investment firms, Raymond James & Associates, Raymond James Financial Services and Raymond James Ltd., which have more than 5,000 financial advisors serving 1.2 million accounts in 2,200 locations throughout the United States and internationally. In addition, total client assets are currently over $100 billion, of which more than $21 billion are managed by the firm's asset management subsidiaries.

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.

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, AXS-Link 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.

     Press Contacts:

     AXS-One                        Springboard Public Relations
     Dawn Ryan                      Brian McManus
     (201) 372-6243                 (732) 863-1900 x 103
     dryan@axsone.com               bmcmanus@springboarpr.com


SOURCE  AXS-One Inc.

04/23/2004

    /CONTACT:  Dawn Ryan, AXS-One, +1-201-372-6243, dryan@axsone.com;

 Brian McManus, Springboard Public Relations, +1-732-863-1900 x 103, bmcmanus@springboarpr.com /

    /Web site:  http://www.axsone.com /

    (AXO RJF)