Advanced Systems International Secures $2 Million Equity Financing From Princeton Capital Fund, LLC.

Business Editors

SOUTHFIELD, Mich.--(BUSINESS WIRE)--May 15, 2000

Advanced Systems International (OTC BB: ADSN), a leading provider of business solution software products announced today that it received $2 million in equity financing from Princeton Capital Fund LLC.

Gerry Pesut, president and CEO of ADSN stated, "This partnership will strengthen our M & A opportunities, provide us with contacts in the B2B industry and assist in facilitating joint ventures and partnerships. Additionally, the Company will utilize this equity financing to expand sales and delivery capabilities."

Pesut continued, "We are also appointing Dan Dorman, president of the Princeton Capital Fund, to the ADSN board. Mr. Dorman has raised over $200 million as a principal, and arranged over 17 merger, acquisition and financing transactions for portfolio companies that have resulted in substantial increase in shareholder value. He also serves on the Board of Directors of both public and privately held entities."

Terms of the equity financing consist of 1,111,111 shares at a price of $1.80 resulting in proceeds to the Company of $2 million. The financing also includes a total of 300,000 warrants, 100,000 at $2.25, 100,000 at $2.50 and 100,000 at $2.75, exercisable over 2 years.

About Princeton Capital Fund

Princeton Capital Fund, L.L.C. is a medium-size private equity fund located in Michigan. Its portfolio includes both investments in high growth orientated technology companies as well as the consolidation of basic industry acquisitions.

About Advanced Systems International

Advanced Systems International is a supplier of application software for the collection and distribution of business data across the enterprise. The company's products enable organizations to track critical production inventory or labor data in real-time to support a cost efficient, streamlined supply chain, bridging front and back office applications, fulfillment and E-Business initiatives of its customers.

Current customers include, but are not limited to: DaimlerChrysler (NYSE: DCX), Continental Airlines (NYSE: CAL), Johnson Controls (NYSE: JCI), HJ Heinz (NYSE: HNZ), Dana Corporation (NYSE: DCN), Sara Lee (NYSE: SLE), Lear Corporation (NYSE: LEA), Rolls-Royce Allison (LSE: RR), Volvo (NASD: VOLVY) and Imperial Tobacco.

In conjunction with the provisions of the "Safe Harbor" section of the Private Securities Litigation Reform Act of 1995, this news release may contain forward-looking statements pertaining to future anticipated projected plans, performance and developments, as well as other statements relating to future operations. All such forward-looking statements are necessarily only estimates of future results and there can be no assurance that actual results will not materially differ from expectations. Further information on potential factors that could affect Advanced Systems International, Inc. is included in the company's Form 10KSB filed with the Securities and Exchange Commission.