Computer Concepts Corp. Reports 1998 Earnings Per Share of $0.58.

BOHEMIA, N.Y.--(BUSINESS WIRE)--March 31, 1999--Computer Concepts Corp. (NASDAQ:CCEE) today announced its audited financial results for the year ended December 31, 1998.

Revenues increased 108% to $61,988,000 as compared to $29,738,000 for the year ended December 31, 1997, net income was $9,547,000, resulting in basic and diluted earnings per share of $0.58 and $0.56 respectively as compared to a net (loss) of $(12,385,000) which resulted in a basic and diluted net (loss) per share of $(1.11) for the year ended December 31, 1997.

The selected financial information contained above and below is abstracted from the Company's 1998 Form 10-K filed with the Securities and Exchange Commission on March 31, 1999, and should be read in conjunction with the complete financial information provided therein. -0-

           STATEMENT OF OPERATIONS - YEAR ENDED DECEMBER 31,

                               Increase        1998          1997
                              (Decrease)
REVENUES                    $ 32,250,000   $ 61,988,000   $ 29,738,000
NET INCOME (LOSS)           $ 21,932,000   $  9,547,000   $(12,385,000)
BASIC NET INCOME
  (LOSS) PER SHARE          $       1.69   $       0.58   $      (1.11)
DILUTED NET INCOME
  (LOSS) PER SHARE          $       1.67   $       0.56   $      (1.11)
BASIC WEIGHTED AVERAGE
  COMMON SHARES OUTSTANDING    5,360,000     16,523,000     11,163,000

Statements concerning the company's future prospects, if any, are forward looking statements under the federal securities laws 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 Securities and Exchange Commission filings. There can be no assurances that prospective future results will be achieved, and actual results could differ materially from forecasts and estimates. The Company's future operating results may be affected by a number of other factors, including, but not limited to: uncertainties relative to global economic conditions; market acceptance of competing technologies; the availability and cost of new solutions; delays in delivery of new products or features; delays or extended time periods in the roll-out of the company's products or technology by the company's customers; the Company's ability to successfully maintain or increase market share in its core business while expanding its product base into other markets; the strength of its distribution channels; the Company's ability to manage fixed and variable expense growth relative to revenue growth; and the Company's ability to effectively integrate acquired products and operations.

Computer Concepts develops software tools including d.b.Express that assist end users in the retrieval and visualization of all types of data. Computer Concepts' d.b.Express Internet ServerTM has been integrated with British Telecom's software applications which allow BT's customers to access and analyze the high volumes of technical and account information available within BT's Internet-based databases without having to download the data to their own computers. The d.b.Express Internet ServerTM 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. Computer Concepts' Server Farm technology, introduced in May, 1998, with an initial processing level of 30 million telecommunication call detail records per month, is currently processing in excess of 150 million call detail records per month for its Fortune 100 clients. Its latest software offering, ComputerCOP, is designed to assist parents, and others, who have little or no computer knowledge, monitor what their children, and others, have downloaded from the Internet.

Computer Concepts' majority owned subsidiary, SOFTWORKS, Inc. (NASDAQ National Market:SWRX), is a leading global provider of IT solutions for the enterprise. SOFTWORKS responds to the data management needs of more than 2,000 organizations worldwide, including 87 of the Fortune 100.

Located in Bohemia, New York, Computer Concepts and its subsidiaries employ a staff of 331. For more information about Computer Concepts and SOFTWORKS, call [phone] or visit Computer Concepts' web site at www.computerconcepts.com or the SOFTWORKS' web site at www.softworks.com.