Meta4 Launches Internet Enterprise / Third Quarter Revenue Increased By 54%

Madrid, Spain (PROTEXT) - Meta4, the Web-based People and Knowledge Management software company, today announces its results for the three months ended September 30, 1999. * Internet company launched, headed by Meta4 Founder, Juan Moran and sponsored by Meta4 through a significant minority participation; the new company will pursue certain Internet knowledge market opportunities * Juan Moran passes baton to Joaquin Moya-Angeler. Moya- Angeler becomes Chairman and CEO of Meta4 and Moran will become Chairman and CEO of the new Internet company * Revenues rose by 54% in the three months ended September 30, 1999 to Euros 8.4 million (1998: Euro 5.4 million); revenues in the first nine months increased by 64% to Euro 27.8 million (1998: Euro 16.9 million) * Significant new contracts signed during the reporting period: Grupo CGD (Portugal); Electricite de Strasbourg and Usinor (France); and Hospital Italiano (Argentina) * First contracts signed in new markets -- Germany, Italy and Brazil * Major Euro 2.1 million contract signed in fourth quarter with a large European client * All short-term borrowings eliminated; Euro 39 million in cash and equivalents at September 30, 1999. Commenting on the new Internet company and management changes, Juan Moran said: "Meta4 has developed a strong vision for its customers and it is our responsibility now to focus our efforts on strengthening Meta4's execution of this vision. In my opinion, Joaquin is the best manager in the IT industry to achieve this goal. His acceptance of this new position allows me to focus my efforts where I feel my skills are more relevant. I am very excited by the potential the new Internet opportunity represents." Regarding these changes, Joaquin Moya-Angeler, Meta4's Chairman and CEO, said: "The new Internet enterprise is one part of Meta4's overall Internet strategy and provides our shareholders with access to an exciting Internet opportunity, headed by an entrepreneur of Juan Moran's calibre. Juan has a proven track record of capitalizing on technological change to build new successful companies and, by setting up this new enterprise, our shareholders and customers can benefit from an increased value proposition, while Meta4 maintains focus on its core offerings." Commenting on Meta4's results, Moya-Angeler continued: "Significant progress has been made in all our operations, with our license and service revenues for the first three quarters increasing 52% and 71% respectively compared to the corresponding period in 1998. "As managements throughout the world start to look beyond the Millennium, the demand for software that will help their organizations outperform will increase. Our unique family of web- based products providing integrated solutions for the active management of people and knowledge, combined with our growing international presence, ensures that we are well-placed to benefit from that demand." Notes: Founded in Madrid in 1991, Meta4 NV has approximately 950 employees. The company's principal offices are located in Madrid, with regional offices in Atlanta, Barcelona, Buenos Aires, Lisbon, Mexico City, Munich, Paris, Santiago de Chile and Sao Paulo. Meta4's family of products provide companies with an integrated solution to actively manage people and knowledge as an essential asset. Meta4's PKMS integrates functionally advanced strategic human resources capabilities with a people-centered knowledge management system. Meta4 recently released its Meta4Mind Set family of products which was developed using a web-based and component-based architecture. Meta4Mind Set's family of products has been designed from its inception as a global system. A single platform allows a customer to operate applications on a worldwide basis that comply easily with local requirements. To date, Meta4's products have been sold in six countries to over 450 customers, including American Express, AXA, BASF, Cap Gemini, El Corte Ingles, Endesa, General Electric, Kodak, MAPFRE, Metropolitan Life, Telefonica de Espana and Xerox. Meta4's business partners worldwide are primarily international consulting firms and systems integrators and include: Andersen Consulting, Bull, Cap Gemini, Ernst & Young, IECISA Informatica El Corte Ingles, PricewaterhouseCoopers and SEMA. ots Original Text Service: Meta4 Internet: http://www.newsaktuell.de Contact: William Carroll, Chief Financial Officer, +34 91 634 8500, or Jodi Florence, Public Relations Specialist, +34 91 634 8500, both of Meta4, or Stephanie Highett/Tessa Whiskin both of GCI Focus, +44 171 600 1392, for Meta4 Web site: http://www.meta4.es Subscribers please note that material bearing the slug "PROTEXT" is not part of CTK's news service and is not to be published under the "CTK" slug. Protext is a commercial service providing distribution of press releases from clients, who are identified in the text of Protext reports and who bear full responsibility for their contents. PROTEXT