RUTHERFORD, N.J., Aug 28, 2002 (BUSINESS WIRE) -- AXS-One Inc. (AMEX: AXO), a leading provider of e-business solutions, today announced that more than a dozen clients have upgraded their existing installation to Version 7.0 of the AXS-One financial management solution. AXS-One(TM) Enterprise Version 7.0 features new functionality for organizations to improve their business and financial processes.

Additionally, it offers expanded portability to a range of platforms, databases, and technologies, flexibly supporting Windows 2000, SQL 2000, XML, and more.

The State of Washington, Moran Health Care, and Bendigo Bank are among more than a dozen AXS-One customers that have upgraded to AXS-One Enterprise Version 7.0 this year. Others include leading international organizations in the Internet, insurance, shipping, pharmaceutical, communications, financial services, transportation, retail, and publishing industries. Many upgrades have included transitioning to updated versions of existing systems and new releases of software that improve the business processes and collaboration. Other customers deployed AXS-One Version 7.0 as part of a complete migration to a new operating environment.

AXS-One's experienced team of technical and application support professionals worked closely with each customer to manage the upgrade process. Customers have undergone live conversions within two days, with full implementation averaging only two to three months. To find out more about the AXS-One solutions, visit http://www.AXS-One.com.

About AXS-One Inc.

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.AXS-One.com.

This press release contains forward-looking statements. Such statements are only predictions and actual events or results may differ materially. All forward-looking statements involve risks and uncertainties, including, without limitation, the risks detailed in the company's documents and reports filed from time to time with the Securities and Exchange Commission.

AXS-One, "Access Tomorrow Today", e-Cellerator, AXSPoint, AXS Desk, "AXS-One Collaboration FrameWorks" and Tivity are trademarks of, and TransAXS is a registered trademark 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 Inc.
Bernard Cassidy, 201/372-6231
bcassidy@axsone.com
or
Springboard Public Relations
Domenick Cilea, 732/863-1900 x102
dcilea@springboardpr.com