Axiohm Transaction Solutions To Explore Strategic Alternatives.

BLUE BELL, Pa.--(BUSINESS WIRE)--April 12, 1999--

Warburg Dillon Read LLC To Assist In Evaluation Of Options

Axiohm Transaction Solutions, Inc. (Nasdaq:AXHM), announced today that its Board of Directors has decided to explore various strategic alternatives to help the company capitalize on its value as a leading provider of advanced "front end" transaction processing solutions, which include transaction printers, magnetic card and smart card readers, bar code readers and printers and data management.

The Company has retained Warburg Dillon Read LLC as financial advisor to assist the Company in analyzing and pursuing strategic alternatives that would maximize shareholder value.

Nicolas Dourassoff, Chief Executive Officer stated: "Over the past two years we have successfully completed a merger and several acquisitions, brought new products on line, and are successfully undertaking a major manufacturing restructuring. We are now a world leader in our product areas and one of the few companies capable of providing technologically innovative, cost-effective "front end" transaction processing solutions. Our integrated approach, based on our proven research, hardware and software design, technology and manufacturing skills, enables us to develop both customer specific and standard products and services for customers in this growth area."

Separately, the Company announced that it has been notified by The Nasdaq Stock Market that the Company's common stock will be de-listed for failing to maintain the requisite number of market makers. The Company intends to seek a hearing on this matter and understands that any final decision on de-listing will be stayed pending such hearing and a final decision.

Axiohm Transaction Solutions, based in Blue Bell, PA, is one of the world's largest designers, manufacturers and marketers of transaction printers in the world. Transaction printers are used in retail, financial and commercial transactions to provide transaction records such as receipts, tickets, register journals, checks and other documents. It also has related businesses involving point of sale bar code scanners, and smart card readers. The Company operates on a worldwide basis with significant activities in North America and Europe. The Company sells its products through OEMs, VARs/ISVs and distributors to its end users.