Class Action Filed Against New Era of Networks, Inc. By Bernstein Litowitz Berger & Grossmann LLP.

NEW YORK--(BUSINESS WIRE)--July 12, 1999--

Pursuant to 15 U.S.C. 78u-4(a)(3)(A)(I), Bernstein Litowitz Berger & Grossmann LLP hereby gives notice that on July 8, 1999, a class action lawsuit was filed in the United States District Court for the District of Colorado on behalf of purchasers of the common stock of New Era of Networks, Inc. (NASDAQ:NEON) ("NEON" or the "Company"), from April 21, 1999 through July 6, 1999, inclusive (the "Class Period").

If you wish to discuss this Action or have any questions concerning this notice or your rights or interests in connection therewith, please contact Robert S. Gans or Gerald Silk of Bernstein Litowitz Berger & Grossmann LLP at [phone] or [phone] or by E-mail: [e-mail].

The complaint charges NEON, and certain of its officers and directors, with violations of Sections 10(b) and 20(a) of the Securities Exchange Act of 1934, as well as SEC Rule 10b-5 promulgated thereunder. Specifically, the complaint alleges that, during the Class Period, NEON issued materially false and misleading statements concerning the status of the Company's business, and concealed the fact that NEON was experiencing negative revenue and earnings trends. While issuing these materially false and misleading statements, several top officers and directors of the Company sold thousands of shares of NEON common stock to the public, reaping millions of dollars in the proceeds from these sales while in possession of material adverse, undisclosed information. Following the disclosure of the true status of the Company's business, the price of NEON common stock plummeted by approximately 56% from its closing price of $44.0625 per share on July 6, to close at $19.4375 per share on July 7.

Plaintiff is represented by the law firm of Bernstein Litowitz Berger & Grossmann LLP ("Bernstein Litowitz"). Bernstein Litowitz has extensive experience in prosecuting class actions nationwide on behalf of defrauded investors. The firm currently plays a leading role in numerous major securities and complex commercial litigations pending in federal and state courts.

If you are a member of the Class described above, you may, not later than September 5, 1999, move the Court to serve as lead plaintiff for the class, if you so choose. In order to serve as lead plaintiff, however, you must meet certain legal requirements. If you wish detailed information about the firm or have any questions concerning your rights or interests in this case, please visit our website at http://www.blbglaw.com.