To: GARY P GROBBEL who wrote (17992 ) 2/17/2004 10:18:30 AM From: GARY P GROBBEL Read Replies (1) | Respond to of 120415 NMXS .64 is also making steady progress...this one is worth watching: (PR NEWSWIRE) New Mexico Software Cites Important Progress in 2003; Names New S New Mexico Software Cites Important Progress in 2003; Names New SEC Attorney ALBUQUERQUE, N.M., Jan. 7 /PRNewswire-FirstCall/ -- New Mexico Software, Inc. (OTC Bulletin Board: NMXS) said today the company made significant financial and business progress in 2003 and is anticipating an excellent year of growth in 2004. New Mexico Software CEO Dick Govatski said, "The year 2003 was a major turning point for our company in generating new products and business and in substantially improving our financial position. We made important progress with our Digital Filing Cabinet products with sales to companies such as Coca- Cola, Sutton Hotels, Casanova-Pendril Advertising, United Imaging, Sargent Fletcher Manufacturing and Honeywell. At year's end, we signed an important marketing agreement with CDW, one of the nation's biggest resellers of hardware and software. In December we announced our first retail product and opened new offices in Atlanta and Chicago. We reported our third profitable quarter as a company and at the end of the year we were cash flow positive. While the final numbers for 2003 are not yet complete, we expect to report a substantial improvement in sales for the year absent the previously reported one-time write down of $500,000 in the second quarter. Our fourth quarter revenue was close to double the fourth quarter revenue of 2002." Govatski said, "Our success in 2003 sets the stage for further progress in 2004. We expect to see continuing sales and improvements as the year progresses." The company said it expects to report 2003 results by the end of March. The company also announced that the law firm Anslow & Jaclin has been appointed as the company's new SEC law firm. Richard Anslow, a partner in the firm, is in charge of the account. Anslow & Jaclin is located in Freehold, NJ. New Mexico Software, a leading provider of digital asset management solutions, is the only public company providing full professional services for digitizing, encoding, storing, managing, licensing and distributing digital files with customer owned and operated software. In addition to professional services for digital asset management, New Mexico Software offers the Digital Filing Cabinet and AssetWare(TM), two software products that provide enterprise-level digital asset management. For more information on New Mexico Software, contact Dick Govatski, (505) 255-1999, ceo@nmxs.com. To be placed on an email alert for news about New Mexico Software, contact Frank Hawkins or Julie Marshall, Hawk Associates (305) 852-2383 or via email at info@hawkassociates.com For an online investor relations kit, go to hawkassociates.com For more information on New Mexico Software go to nmxs.com The foregoing press release contains forward-looking statements including statements regarding the company's expectation of its future business. These forward-looking statements are subject to a number of risks and uncertainties, many of which are beyond the company's control. Actual results could differ materially from these forward-looking statements. SOURCE New Mexico Software, Inc. -0- 01/07/2004 /CONTACT: Dick Govatski, New Mexico Software, Inc., +1-505-255-1999, or ceo@nmxs.com; or Frank Hawkins or Julie Marshall, both of Hawk Associates, +1-305-852-2383, or info@hawkassociates.com, for New Mexico Software, Inc./ /Web site: nmxs.com / (NMXS) CO: New Mexico Software, Inc. ST: New Mexico IN: REA CPR OTC STW SU: PER *** end of story ***