RUTHERFORD, N.J.--(BUSINESS WIRE)--Oct. 18, 2004--

Contract Reinforces AXS-One's Position as Market Leader for Electronic

Records Delivery Solutions to European Travel Industry

AXS-One, Inc. (AMEX: AXO), a leading provider of records compliance management solutions, today announced that its UK subsidiary has signed a three-year contract with Libra Holidays to provide a hosted service for the electronic delivery of confirmation invoices and related booking documents to UK travel agents. Libra Holidays is one of the largest independent tour operators and was recently rated ninth largest by the Civil Aviation Authority (CAA) based on total number of passengers.

In September 2004, AXS-One announced that it had finalized agreements with the four largest tour operators - First Choice, My Travel, Thomas Cook, and TUI UK - who collectively represent more than 50 percent of the entire CAA-regulated travel sector. This latest contract reinforces AXS-One's position as the emerging industry-standard for e-delivery solutions.

"At Libra Holidays, our main goal is to offer a value-for-money product combined with efficient customer service. The AXS-One e-delivery solution means that we can immediately reduce our costs while continuously improving the level of service we offer to our travel agents," said Themis Drakou, Operations Director of Libra Holidays. "The fact that AXS-One's solution has been endorsed by the CAA and it is the most established e-delivery solution in the UK travel industry, was key to our decision making."

Starting in early November 2004, Libra Holidays will utilize AXS-One Central(TM), an integrated component of the AXS-One Compliance Platform(TM) to deliver invoices and related booking documents to its travel agent customers. The system, hosted by AXS-One, centrally manages the delivery of invoices on both a next day and real time, point-of-sale basis, and provides a central archive of documents for six years. AXS-One Central enables Libra Holidays to deliver and present these records electronically and make them available online, substantially reducing the company's processing and delivery costs, streamlining operations and achieving higher levels of customer satisfaction.

"We are delighted to welcome Libra Holidays as our newest customer in this market," said Mark Donkersley, Group Managing Director for AXS-One in the UK. "This latest contract is yet another stamp of approval from the European travel sector, further increasing our market lead and clearly defining AXS-One as the vendor of choice for electronic document delivery solutions within the industry."

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.