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Technology Stocks : Software AG Systems (AGS) -- Ignore unavailable to you. Want to Upgrade?

To: Ram Seetharaman who wrote (107)	2/3/2000 5:47:00 PM
From: Ram Seetharaman	Read Replies (1) \| Respond to of 120

$ 30 very soon! Thursday February 3, 5:01 pm Eastern Time Company Press Release SAGA SOFTWARE Concludes a $20.5 Million Software Licensing and Services Agreement Five-year Contract Includes Commercial Enterprise Systems and Sagavista Products SAGA SOFTWARE, Inc. (AGS: NYSE)(1) (SAGA) announced today that it has concluded a five-year, $20.5 million contract with a leading systems integrator under which SAGA will provide to the systems integrator for one of its key clients, a suite of enterprise systems and Sagavista enterprise integration (EI) products and professional services. SAGA President and CEO Dan Gillis said, ''We at SAGA are delighted with this contract because it not only underscores another customer's commitment to SAGA's core enterprise systems products, but also blends SAGA's enterprise integration and e-business integration functions into a full-scale enterprise solution for a major commercial account.'' ''We'll be working closely with our clients within a large, complex enterprise that includes an array of integration needs that could support a broad e-business function,'' he continued. About Sagavista Sagavista is the premier e-business integration software solution designed to help your business deliver on the promise of the new Internet economy. It is able to intelligently link front office web applications with any and all desired enterprise information -- integrating virtually all operating environments within any enterprise. It further allows you to extend this mission-critical integration to your customers, suppliers and partners to help expand the reach of your enterprise. Through Sagavista's Intelligent Agent Adapters, Integration Broker and Integration Workbench, a company can now integrate their web applications with virtually any packaged, custom-developed or legacy applications - up to ten times faster than it typically takes using traditional means. About SAGA SOFTWARE SAGA, based in Reston, Virginia, offers a full suite of e-business integration and enterprise systems software that extends and supports billions of mission critical transactions daily for some of the world's largest organizations. SAGA's products and services leverage existing IT investments by connecting customers' legacy and packaged applications with the newest e-business processes and applications--thereby enabling its customers to free their information from the heart of the enterprise to the desktop. (1) SAGA's parent company is traded on the New York Stock Exchange under the symbol AGS. For further information, please visit the Company's Web site at www.sagasoftware.com. Safe Harbor Provision for Forward-Looking Statements: The statements contained in this release include forward-looking statements subject to the safe harbor created by the Private Securities Litigation Reform Act of 1995 including forward-looking statements concerning the actual results, performance, business prospect its customers might achieve by deploying certain of the company's products. These forward-looking statements are based on the company's current knowledge, beliefs, expectations and specific assumptions with respect to future business decisions. Accordingly, the statements are subject to significant risks, contingencies and uncertainties that could cause actual operating results, performance or business prospects to differ materially from those expressed in, or implied by, these statements. These risks, contingencies and uncertainties include, but are not limited to, significant quarterly and other fluctuations in revenues and results of operations; reliance on acquisitions and the timely development, production, marketing and delivery of new products and services; risks associated with conducting a professional services business; reliance on the mainframe computing environment and demand for the company's products; changes in the company's product and service mix and product and service pricing; interoperability of the company's products with leading software application products; risks of protecting intellectual property rights and litigation; dependence on third-party technology; risks associated with international sales, distributors and operations; dependence on government contracts; control of the company by affiliates; the company's ability to implement its acquisition strategy, successfully integrate any acquired products, services and businesses, adjust to changes in technology, customer preferences, enhanced competition and new competitors in software and professional services markets, maintain and enhance its relationships with vendors, and attract and retain key employees; general economic and business conditions; and other risks detailed from time to time in the company's Securities and Exchange Commission reports, including, but not limited to, the company's Registration Statement filed on Form S-1. Neither SAGA SYSTEMS, Inc. nor SAGA is obligated to update the information contained in this release. Contact: SAGA SOFTWARE, Inc. Steve Ellis, 703/391-8295 steve.ellis@sagasoftware.com