Computer Concepts Reports Improved Financial Results for the Six Months Ended June 30, 1997 as Compared to Respective 1996 Periods.

BOHEMIA, N.Y.--(BUSINESS WIRE)--Aug. 20, 1997--Computer Concepts Corp. (NASDAQ-CCEE) today announced its unaudited financial results for the six months ended June 30, 1997.

Revenues for the six months ended June 30, 1997, were $13,274,000 as compared to revenues of $7,831,000 for the six months ended June 30, 1996. Net loss and net loss per share decreased in the 1997 periods as compared to 1996, specifically, the net loss for the six month period ended June 30, 1997, was $8,219,000 as compared to a net loss of $9,126,000 for the six month period ended June 30, 1996, and the net loss per share for the six month period ended June 30, 1997, was $0.08 as compared to a net loss per share of $0.15 for the respective 1996 period.

The losses for the six months ended June 30, 1997 and 1996, included unusual, non-recurring charges of $850,000 and $2,075,000, respectively, relating to settlements of class action lawsuits.

The selected financial information shown below for the six months ended June 30, 1997 and 1996, has been abstracted from the unaudited consolidated financial statements of the Company as contained in Form 10-Q for the quarter ended June 30, 1997, and should be read in conjunction therewith. The results of operations for the six months ended June 30, 1997 are not necessarily indicative of results that may be expected for any other interim period or for the full year. -0-

Results of Operations highlights are as follows:

                                     Six Months Ended
                            June 30, 1997        June 30, 1996
Revenues                    $13,274,000           $ 7,831,000

Net (Loss)                  $(8,219,000)          $(9,126,000)

Net (Loss) Per Share        $     (0.08)          $     (0.15)

Daniel DelGiorno Jr., president of Computer Concepts Corp., stated "The revenues have increased and the losses have decreased substantially over the last three years, and we expect that trend to continue. Computer Concepts and its SOFTWORKS subsidiary have invested substantial amounts in research and development over the past year, and for the six months ended June 30, 1997 we invested approximately $ 1 million more than the respective 1996 period. The results have been impressive in the form of our new d.b.Express Internet Server(tm) technology, which has been integrated with British Telecom's Syncordia Services' C-View application, and in the form of SOFTWORKS new SST technology, to include its Year 2000 product offerings."

DelGiorno added "We've also invested substantially more during 1997 in sales and marketing costs, having spent approximately $7.1 million during the six months ended June 30, 1997, as compared to $4.4 million for the respective 1996 period. Accordingly, revenues increased 70%, from $7.8 million for the six months ended June 30, 1996 to $13.3 million for the same 1997 period. We expect to continue reaping the benefits from the dollars we've invested in R & D and marketing in the future, and we believe that our products - especially our Internet Server technology which we envision becoming the de-facto standard for accessing data contained in large databases accessed via the Internet, and our SST technologies which includes our Year 2000 Arena products - will be used by a majority of the Fortune 100 by the end of this millennium." -0- Statements concerning the company's future prospects are forward looking statements under the federal securities laws. There can be no assurances that 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; 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. -0- Computer Concepts develops software tools including d.b.Express(TM) that assist end users in the retrieval and visualization of all types of data. Computer Concepts' d.b.Express Internet Server(TM) has recently been integrated with British Telecom's Syncordia Services C-View software application which allows 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 new 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. -0- Computer Concepts' wholly owned SOFTWORKS subsidiary is a leading global provider of IT solutions for the enterprise including a suite of tools which provide Year 2000 solutions. SOFTWORKS responds to the data management needs of more than 1,800 organizations worldwide, supporting customers, including nearly 80% of the Fortune 100, in more than 50 countries. -0- Located in Bohemia, New York, Computer Concepts and its SOFTWORKS subsidiary employ a staff of 180. For more information about Computer Concepts and SOFTWORKS, call [phone] or visit Computer Concepts' web site at www.computerconcepts.com or SOFTWORKS' web site at www.softworkscc.com.

CONTACT: Media Contact:

Manhattan Media Associates, New York

Fielding Dupuy, 212/448-9050

or

Computer Concepts Corp., Bohemia

Gary Kolesar, VP Investor Relations

516/244-1500