The U.S.'s Largest Mutual Life Insurance Company Licenses AXS-One's Compliance and Email Archive Platform

RUTHERFORD, N.J., April 28 /PRNewswire-FirstCall/ -- AXS-One Inc. (AMEX: AXO), a leading provider of records management and enterprise content management solutions, today announced that New York Life Insurance Company, a member of the Fortune 100 and the largest mutual life insurance company in the United States, has selected its AXS-One(R) Compliance Platform to help meet corporate compliance regulations, and centrally archive and manage email records retention for tens of thousands of employees.

New York Life will use AXS-One compliance solutions in its Microsoft(R) Exchange and Lotus(R) Notes environments to collect, archive and manage business data, across its locations nationwide. This deal was signed in the first quarter of 2004.

"We are pleased to be working with a company as respected as New York Life, and will work to provide outstanding compliance and email archival solutions for the company," said John Rade, CEO and President of AXS-One. "Our compliance solution continues to set the standard, as evidenced in this specific case by the way in which New York Life learned of AXS-One - through the recommendation of a tier-one analyst firm."

The AXS-One Compliance Platform helps regulated organizations meet fluid compliance mandates, including SEC17a-4, NASD 3010 & 3110, and others. It is designed to help these companies protect and utilize corporate information as an asset, while helping to reduce operational bottlenecks and potential liabilities. The AXS-One Compliance Platform provides many benefits, such as information lifecycle management options for all archived data, content surveillance, keyword and full-text query capabilities, security and audit trail capabilities, and the storage of attachments on tamperproof storage media.

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.

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


SOURCE  AXS-One Inc.
 04/28/2004
    /CONTACT:  Dawn Ryan of AXS-One, +1-201-372-6243, or dryan@axsone.com;
Brian McManus of Springboard Public Relations, +1-732-863-1900, ext. 103, or
bmcmanus@springboardpr.com, for AXS-One/
    /Web site:  http://www.axsone.com /
    (AXO)