AXS-One Fortifies Leadership Position in Email and Instant Message Archive Market with Customer Wins.

Business Editors/High-Tech Writers

RUTHERFORD, N.J.--(BUSINESS WIRE)--Dec. 10, 2003

In the Third Quarter of 2003, Two NY-Based Financial Services Firms

Selected the AXS-One(R) Email Management Platform

AXS-One Inc. (AMEX: AXO), a leading provider of e-business solutions, today announced that two large New York-based financial services firms are the latest to join its expanding client base, selecting the AXS-One Email Management Platform for their corporate compliance needs in the third quarter of 2003.

AXS-One's continual growth, and recognition from industry thought leaders, provides further proof that the company has established itself as the preferred provider of compliance solutions to leading corporations worldwide. For more than a decade, AXS-One has been providing SEC compliant solutions. Now, with the ubiquity of email and instant messages in the workplace, AXS-One is well positioned as an incumbent to help its clients archive all media and data types, including emails, instant messages and voice mails.

"We are seeing high demand for our email and instant messaging management solutions which offer deep solution feature sets well beyond the simple first generation email archiving products offered by most competitors," said AXS-One chief executive officer, John Rade. "Our clients are telling us the email management solutions they choose must add value to their organizations, and provide a flexible platform that can evolve with their businesses. Successful email and instant message management solutions must deliver operational improvements and facilitate knowledge management through easier searching and retrieval of content within email communications and their attachments. Analysts also agree since our email management solutions are being recognized for their completeness of vision."

About AXS-One Inc.

AXS-One (AMEX: AXO) is a provider of e-business 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.

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, the AXS-One logo, "Access Tomorrow Today," AXSPoint, and TransAXS are registered trademarks of, and e-Cellerator, AXS Desk, "AXS-One Collaboration FrameWorks," SMART, 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.