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THE SOFTWARE TOOLWORKS INC. COMMENTS ON REPORT REGARDING INSIDER TRANSACTIONS

 THE SOFTWARE TOOLWORKS INC. COMMENTS ON
 REPORT REGARDING INSIDER TRANSACTIONS
 The following statement was issued today by The Software Toolworks Inc.:
 NOVATO, Calif., Dec. 6 /PRNewswire/ -- The Dec. 2, 1991 issue of Barron's made a gross error in reporting that certain insiders at The Software Toolworks Inc. (NASDAQ: TWRX) recently sold a substantial number of shares of the company's stock. This is factually incorrect.
 To the contrary, the only transactions to which any insiders have recently been a party involved a purchase of a substantial number of shares of company stock. This purchase was made in order to provide the company with funds necessary to settle a shareholder class action lawsuit, which has previously been disclosed. A written agreement to purchase these shares was executed in October 1991, and, as part of this agreement, the insiders granted the company a right to repurchase these securities.
 Bob Lloyd, president, stated, "Barron's erroneous reporting is extremely frustrating, especially in light of how hard management and staff have worked in returning the company to profitability."
 -0- 12/6/91
 /CONTACT: Vincent Turzo of The Software Toolworks Inc., 415-883-3000, ext. 568/
 (TWRX) CO: The Software Toolworks Inc. ST: California IN: CPR SU:


EH-SE -- LA008 -- 9969 12/06/91 08:00 EST
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Copyright 1991 Gale, Cengage Learning. All rights reserved.

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Publication:PR Newswire
Date:Dec 6, 1991
Words:207
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