Advisory: Neoware Warrants to Expire This Friday.Business Editors/Hi-Tech Writers KING OF PRUSSIA King of Prussia, industrialized suburban area (1990 pop. 18,406), Montgomery co., SE Pa. It has glass and steel fabricating, food processing, printing and publishing, and varied manufacturing (textiles, liquified petroleum gas, water-treatment and electrical , Pa.--(BUSINESS WIRE)--April 11, 2000 As previously announced, Neoware Systems, Inc (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on : NWRE) reported today that the Company's common stock warrants, which trade under the symbol NWREW, will expire and will have no value at the close of business this Friday, April 14, 2000. Warrant holders who wish to exercise should contact their brokers as soon as possible. On February 14, 2000 Neoware announced that it had lowered the exercise price for its publicly traded warrants to $3.75 per share from $5.50 per share. This change was made to fund the Company's entry into the emerging market for Linux-based information appliances. "As of the close of business this Friday, Neoware will have a clean capital structure, a strong balance sheet and no long term debt," stated Michael Kantrowitz, Neoware's president and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. . "With cash from the exercise of our warrants we believe that we're well positioned to seek additional financing and to begin executing on our new strategy." About Neoware Neoware designs, develops and markets information appliances based upon embedded versions of the Linux and Windows operating systems Operating systems can be categorized by technology, ownership, licensing, working state, usage, and by many other characteristics. In practice, many of these groupings may overlap. . Neoware's products are designed to run local applications for specific vertical markets, plus allow access to Linux servers, the Internet and Windows-based applications running on multi-user Windows servers See Windows Server 2003, Windows Home Server, Windows 2000 and Windows NT. . Neoware's information appliances are designed as an alternative to general-purpose personal computers, offering easier installation, as well as lower up-front and administrative costs administrative costs, n.pl the overhead expenses incurred in the operation of a dental benefits program, excluding costs of dental services provided. . More information about Neoware can be found on the Web at http://www.neoware.com or via email at info@neoware.com. Neoware is based in King of Prussia, PA. This release contains forward-looking statements that are within the meaning of the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995, and relate to, the development of the Company's products and future operating results that are subject to certain risks and uncertainties that could cause actual results to differ materially from those in such forward looking statements. Forward looking statements include those concerning the Company's need to raise funds to execute its new strategy, its ability to raise additional capital and the Company's competitive position. The words "believe", "expect", "intend", "anticipate", variations of such words, and similar expressions identify forward-looking statements, but their absence does not mean that the statement is not forward-looking. These statements are not guarantees of future performance and are subject to certain risks, uncertainties and assumptions that are difficult to predict. Factors that could affect the Company's actual results include risks associated with the Neoware's new strategy focusing on information appliances, including the new Linux-based products, the Company's ability to obtain additional financing and strategic partnerships, customers' acceptance of Neoware's products, pricing pressures, the Company's ability to lower its costs, rapid technological changes in the industry, growth of the information appliance market and increased competition. Reference is made to the Company's Annual Report on Form 10-K Form 10-K A report required by the SEC from exchange-listed companies that provides for annual disclosure of certain financial information. Form 10-K See 10-K. for the year ended June 30, 1999 filed with the SEC for a more detailed description of such factors. Readers are cautioned not to place undue reliance on these forward-looking statements that speak only as of the date of this release. The Company undertakes no obligation to update publicly any forward- looking statements to reflect new information, events or circumstances after the date of this release or to reflect the occurrence of unanticipated events. Neoware is a registered trademark of Neoware Systems Inc., Microsoft and Windows NT are registered trademarks of Microsoft Corporation. Citrix and ICA Ica (ē`kä), city (1993 pop. 108,724), capital of Ica dept., SW Peru, on the Pan-American Highway. It is a commercial center for the cotton, wool, and wine produced in the region. There are several summer resorts nearby. are registered trademarks of Citrix Systems, Inc. All other names products and services are trademarks or registered trademarks of their respective holders. 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