RUTHERFORD, N.J.--(BUSINESS WIRE)--Oct. 4, 2004--AXS-One, Inc. (AMEX:AXO), a leading provider of records compliance management solutions, today unveiled the AXS-One Compliance Platform(TM) 3.0, featuring AXS-One Retention Manager(TM), the latest version of the company's flagship solution which delivers a single platform for the compliant management of all corporate records. The new solution will be generally available to customers directly from AXS-One and through official distribution partners by October 31, 2004.

AXS-One Compliance Platform 3.0

The AXS-One Compliance Platform is an integrated, scalable solution for the secure archival, management, integration and audit of all corporate records, regardless of originating application or platform. The platform provides organizations with a single, comprehensive environment for viewing all records in their records repository. More than 250 disparate document and data types including e-mail, Instant Messaging, ERP (such as SAP), electronic print streams, Office documents (such as Microsoft Word, Excel and Adobe PDF), images, and voice are securely captured, indexed and stored within the Platform's central archive. Supervision and discovery components allow companies to confidently address regulatory guidelines, such as SEC17a-4 and NASD 3010, and to facilitate their current and future corporate governance, legal discovery and litigation support efforts. The solution's web services and XML transformation capabilities enable stored content to be utilized within business applications such as e-document delivery, online dispute resolution, and reconciliation of financial data.

"The amount of business, financial and transactional records received, produced and distributed daily, by the average organization today, is staggering," said Peter Gerr, an industry analyst at Enterprise Strategy Group. "By combining this volume with the fact that now more 15,000 US federal and state regulations specifically address "records," it becomes clear that despite all the productivity and revenue produced as a result of these records, mismanaging them can expose an organization to immeasurable amounts of risk. In order to effectively mitigate this risk and run a business in accordance with corporate governance guidelines, companies first have to effectively capture records and then effectively retain and dispose of records in a very thoughtful and structured manner. To address these challenges, IT professionals should evaluate solutions like the AXS-One Compliance Platform that integrates record capture, archiving, and retention, and also provides tools for electronic discovery and litigation support."

AXS-One Retention Manager

AXS-One Retention Manager is the latest and most notable new component within the AXS-One Compliance Platform 3.0. Retention Manager enables organizations to securely manage records based on their corporate policies and file plans and to enforce the retention, disposition and secure destruction of all corporate records, regardless of originating document or data type. Key functionality, such as legal holds, case management and full end-to-end audit of processes and policies, enables organizations to apply real-time compliant controls through the lifecycle of each record.

"The results of corporate liability time bombs - missing or erased records - are becoming headline news on a daily basis. Executives can no longer ignore their duty to ensure that corporate records are authentically preserved and securely expunged. Today, Records Management that does not address compliance is not an option for organizations worldwide," said AXS-One CEO Bill Lyons. "The announcement of the AXS-One Compliance Platform 3.0 with Retention Manager heralds a new era in Records Compliance Management with organizations not only able to ensure a secure process chain of custody but also able to deliver a single view into all types of corporate records."

Pricing and Availability:

The AXS-One Compliance Platform is licensed on a server plus number of users-supported basis, with scalable pricing reflecting organization size. AXS-One will offer the solution to new and existing customers directly and through strategic distribution partners by October 31, 2004.

About AXS-One Inc.

AXS-One (AMEX:AXO) is a leading provider of Records Compliance Management solutions. The AXS-One Compliance Platform enables organizations to implement secure, scalable and enforceable policies that address records management for corporate governance, legal discovery and industry regulations such as SEC17a-4, NASD 3010, Sarbanes-Oxley, HIPAA, The Patriot Act and Gramm-Leach Bliley. AXS-One's technology has been critically acclaimed as best of class and delivers digital archiving, business process management, electronic document delivery and integrated records disposition and discovery for e-mail, instant messaging, images, SAP and other corporate records. Founded in 1979, and headquartered in Rutherford, NJ, AXS-One has offices worldwide including in the United States, Australia, Singapore, United Kingdom and South Africa. 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 AXS-One Compliance Platform, AXS-One Retention Manager, "The Records Compliance Management Company", 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.

CONTACT: AXS-One
Marie-Charlotte Patterson, 201-372-6243
mpatterson@axsone.com
or
Agency Contact:
Springboard Public Relations
Brian McManus, 732-863-1900 x 103
bmcmanus@springboardpr.com

SOURCE: AXS-One, Inc.