Datastream Concludes First Year of Datastream 7i With 212 Customer Wins and Live Implementations Across 122 Sites.

Business/Technology Editors

GREENVILLE, S.C.--(BUSINESS WIRE)--Oct. 31, 2002

Datastream's Web-Architected Enterprise Asset Management Solution

Enjoys Broad Adoption from Leading Corporations Worldwide

Datastream Systems, Inc. (Nasdaq: DSTM) today announced that its Datastream 7i(TM) Web-architected enterprise asset management (EAM) solution has amassed 212 customer wins in the 12 months since its initial introduction. Additionally, there are currently 122 live customer sites using Datastream 7i.

"Deployments are the most important metric for success when introducing a new software product, particularly when it is in a new product category like Web-architected EAM," said Larry Blackwell, CEO of Datastream Systems, Inc. "The competitive landscape for large-scale EAM deployments has shifted from single-site client/server installations, to enterprise-wide Web implementations. Datastream 7i has proven itself to be an excellent fit for these large enterprise engagements, which is why we have announced more customer wins than any other company offering a product in this category."

Some of the marquee Datastream 7i customer wins announced worldwide since the product was launched Oct. 15, 2001, include ChevronTexaco Global Technology Services Company, Coast Mountain Bus Company, DaTang Power, FMC Airport Services, GlaxoSmithKline, Holly Corporation, Nucor, Pfizer Asia Pacific Pte. Ltd., Pfizer Ireland, Pfizer Puerto Rico, Pepsi Gemex SRL de CV, Pepsico do Brasil SA, Smurfit-Stone Container Corporation and Sodiaal Yoplait. In that time, Datastream also announced an agreement with GE Fanuc Automation North America, Inc., an affiliate of GE Industrial Systems, in which GE Fanuc will offer globally Datastream 7i and iProcure(TM), Datastream's industrial procurement network, as its exclusive asset management component for GE Fanuc's collaborative manufacturing solutions.

"It doesn't surprise me that Datastream has had this kind of success with Datastream 7i," said Tommy Guercio, vice president, information technology for Holly Corporation, a large petroleum company based in Dallas. "When we evaluated EAM solutions for Holly Corporation, Datastream 7i was the best choice due to its combination of proven technology, extensive functionality and track record of success at other customer sites."

"The past 12 months have shown that Datastream 7i offers a powerful combination of proven technology and broad functionality. This means that it is readily deployable and robust enough to meet the most demanding customer requirements," Blackwell said. "We have seen particularly good traction in several vertical segments, including seven wins in the government sector, 14 in food and beverage, 16 in pharmaceutical, 19 in utilities, 22 in transportation, 25 in oil and gas and 33 in facilities management. We look forward to building on our leadership in these segments in the year ahead as we introduce new technical advances -- particularly in the area of Web services -- that expand the capabilities of Datastream 7i and the value it delivers to customers."

About Datastream Systems, Inc.

Datastream Systems, Inc. (NASDAQ: DSTM) provides enterprise asset management (EAM) software, automated procurement and supporting services to organizations worldwide, including more than 60 percent of the Fortune 500. Customers rely on Datastream's products and services to drive down operating costs and improve productivity through better management of capital assets.

Datastream's flagship product, Datastream 7i, was the first product in its class to combine an Internet architecture with broad EAM functionality. Datastream 7i integrates with the company's iProcure industrial procurement network to provide customers with a complete EAM solution that maximizes return on investment in capital assets, while minimizing the total cost of application ownership. Datastream was founded in 1986 and has customers in more than 140 countries. For more information, please visit www.datastream.net.

Datastream, Datastream 7i and iProcure are marks of Datastream Systems, Inc. or its subsidiaries. All other products or Company names mentioned are used for identification purposes only and may be trademarks of their respective owners.

This press release contains forward-looking statements that involve a number of risks and uncertainties. Factors that could cause actual results to differ materially include, but are not limited to: increasing competition in the markets in which the Company competes; the stability of certain of the Company's strategic relationships, including those with suppliers of maintenance, repair and operations parts; the ability of the Company to: sell larger and more complex software solutions, successfully transition to the development of further Internet-based products, successfully implement an application service provider business model , enhance its current products and develop new products that address technological and market developments; and other risk factors listed from time to time in the Company's SEC reports, including, but not limited to the "Risk Factors" contained in the Company's Report on Form 10-K for the fiscal year ended December 31, 2001. The Company does not have, and expressly disclaims, any obligation to release publicly any updates or any changes in the Company's expectations or any changes in events, conditions or circumstances on which any forward-looking statement is based.