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To: Panita who wrote (40700)	1/8/1999 11:35:00 AM
From: Due Diligence	Respond to of 119973

CCEE news: (BSNS WIRE) Computer Concepts Authorizes Repurchase Program Computer Concepts Authorizes Repurchase Program Business Editors BOHEMIA, N.Y.--(BUSINESS WIRE)--January 8, 1999--Computer Concepts Corp. (NASDAQ: CCEE) announced today that its board of directors has authorized a common stock repurchase program with repurchases to be made from time to time in the open market, or through privately negotiated transactions. President & CEO Daniel DelGiorno noted that no target number of shares or purchase price had been set, and the timing of the program and the amount of stock repurchased, if any, will be dictated by overall financial and market conditions. The Board intends to review the program on a regular basis. Dependent on applicable price levels, the repurchase of shares represents an attractive investment opportunity for the company with the potential to increase earnings per share and enhance the company's future financial flexibility. This release contains forward looking statements which are based on current information and on management assumptions, and are subject to other important factors disclosed from time to time in the company's Form 10-K and Form 10-Q , Registration Statements and other Security and Exchange Commission filings including specifically, among other factors, changing marketing and economic conditions, timely roll-out of its products by licensees and acceptance of the company's Internet based d.b.Express applications. Quarterly results are not indicative of annual results and substantial variances from quarter to quarter may occur. Actual results may differ materially from the forward-looking statements in the release. Computer Concepts develops software tools including d.b.Express that assist end users in the retrieval and visualization of all types of data and recently released ComputerCOP, a CD-ROM product for the general consumer market . The 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. Computer Concepts' 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 approximately 80% of the Fortune 100, in more than 50 countries. Located in Bohemia, New York, Computer Concepts and its subsidiaries employ a staff of 250. For more information about Computer Concepts and SOFTWORKS, call (516) 244-1500 or visit Computer Concepts' web site at www.computerconcepts.com or the SOFTWORKS' web site at www.softworkscc.com. --30--emb/ny* CONTACT: COMPUTER CONCEPTS CORP. Media Contact: Leigh Athans - Investor Relations Manager Computer Concepts Corp. (516) 244-1500 KEYWORD: NEW YORK INDUSTRY KEYWORD: COMPUTERS/ELECTRONICS TELECOMMUNICATIONS INTERACTIVE/MULTIMEDIA/INTERNET COMED Today's News On The Net - Business Wire's full file on the Internet with Hyperlinks to your home page. URL: businesswire.com * end of story * quote.yahoo.com