Computer Concepts Corp. Announces Declaration of Dividend; $6,000,000 to be Distributed to Its Shareholders.

BOHEMIA, NY--(BUSINESS WIRE)--Aug. 25, 1999--

COMPUTER CONCEPTS CORP. (NASDAQ:CCEE) today announced that its Board of Directors has declared a dividend for distribution to the company's shareholders of record as of September 30, 1999 (the "Record Date"). The Board has determined to distribute approximately 50% of the proceeds the company received from the sale of Softworks, Inc. shares in Softworks' June, 1999 secondary offering. Computer Concepts Corp. has approximately 20,756,000 shares outstanding, and the $6,000,000 dividend will be payable to Record Date shareholders on November 15, 1999.

"We were pleased with the value the company received for its shareholders in the recent secondary offering of Softworks, Inc. shares, and we are taking steps to share the value of the company with its shareholders, as we do not believe the market price of the company's stock appropriately reflects the value of the company's assets and business. The Board further noted that although this is a one time dividend declaration, that it is considering a number of strategic initiatives to provide value to the company's shareholders, and intends to declare another dividend on February 15, 2000."

This release contains forward looking statements which are based on current information and on management assumptions, and are subject to other important factors disclosed from time to time in the company's Form 10-K and Form 10-Q , Registration Statements and other Security and Exchange Commission filings. There can be no assurances that future results will be achieved, and actual results will be achieved, and affected by a number of factors including specifically, among other factors, changing political, marketing and economic conditions, adoption and timely roll-out of its products by licensees and acceptance of the company's Internet based d.b.Express and ComputerCOP applications. Quarterly results are not indicative of annual results and substantial variances from quarter to quarter may occur. Actual results may differ materially from any forward-looking statements in the release.

Computer Concepts develops software tools including d.b.Express that assist end users in the retrieval and visualization of all types of data with an application focus in the telecommunications billing and call detail market. The d.b.Express Internet Server(TM) and JAVA Applet have overcome a major Internet problem, that of high data volume and limited bandwidth, currently responsible for the lengthy delays associated with data downloading. ComputerCOP provides unsophisticated computer users with the ability to simply and easily find objectionable sites and materials which have been accessed over the Internet or are otherwise resident in a computer.

Located in Bohemia, New York, Computer Concepts employs a staff of 70. For more information about Computer Concepts, call [phone] or visit Computer Concepts' web site at www.computerconcepts.com.