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

Madrid, Spain (PROTEXT) - Meta4, the Web-based People andKnowledge Management software company, today announces itsresults for the three months ended September 30, 1999. * Internet company launched, headed by Meta4 Founder, JuanMoran and sponsored by Meta4 through a significant minorityparticipation; the new company will pursue certain Internetknowledge market opportunities * Juan Moran passes baton to Joaquin Moya-Angeler. Moya-Angeler becomes Chairman and CEO of Meta4 and Moran will becomeChairman and CEO of the new Internet company * Revenues rose by 54% in the three months ended September30, 1999 to Euros 8.4 million (1998: Euro 5.4 million); revenuesin the first nine months increased by 64% to Euro 27.8 million(1998: Euro 16.9 million) * Significant new contracts signed during the reportingperiod: Grupo CGD (Portugal); Electricite de Strasbourg andUsinor (France); and Hospital Italiano (Argentina) * First contracts signed in new markets -- Germany, Italy andBrazil * Major Euro 2.1 million contract signed in fourth quarterwith a large European client * All short-term borrowings eliminated; Euro 39 million incash 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 itis our responsibility now to focus our efforts on strengtheningMeta4's execution of this vision. In my opinion, Joaquin is thebest manager in the IT industry to achieve this goal. Hisacceptance of this new position allows me to focus my effortswhere I feel my skills are more relevant. I am very excited bythe potential the new Internet opportunity represents." Regarding these changes, Joaquin Moya-Angeler, Meta4'sChairman and CEO, said: "The new Internet enterprise is one part of Meta4's overallInternet strategy and provides our shareholders with access to anexciting Internet opportunity, headed by an entrepreneur of JuanMoran's calibre. Juan has a proven track record of capitalizingon technological change to build new successful companies and, bysetting up this new enterprise, our shareholders and customerscan benefit from an increased value proposition, while Meta4maintains 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 threequarters increasing 52% and 71% respectively compared to thecorresponding period in 1998. "As managements throughout the world start to look beyond theMillennium, the demand for software that will help theirorganizations outperform will increase. Our unique family of web-based products providing integrated solutions for the activemanagement of people and knowledge, combined with our growinginternational presence, ensures that we are well-placed tobenefit from that demand." Notes: Founded in Madrid in 1991, Meta4 NV has approximately 950employees. 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 SaoPaulo. Meta4's family of products provide companies with anintegrated solution to actively manage people and knowledge as anessential asset. Meta4's PKMS integrates functionally advancedstrategic human resources capabilities with a people-centeredknowledge management system. Meta4 recently released its Meta4Mind Set family of productswhich was developed using a web-based and component-basedarchitecture. Meta4Mind Set's family of products has beendesigned from its inception as a global system. A single platformallows a customer to operate applications on a worldwide basisthat comply easily with local requirements. To date, Meta4's products have been sold in six countries toover 450 customers, including American Express, AXA, BASF, CapGemini, El Corte Ingles, Endesa, General Electric, Kodak, MAPFRE,Metropolitan Life, Telefonica de Espana and Xerox. Meta4's business partners worldwide are primarilyinternational consulting firms and systems integrators andinclude: Andersen Consulting, Bull, Cap Gemini, Ernst & Young,IECISA Informatica El Corte Ingles, PricewaterhouseCoopers andSEMA. ots Original Text Service: Meta4 Internet:http://www.newsaktuell.de Contact: William Carroll, ChiefFinancial Officer, +34 91 634 8500, or Jodi Florence, PublicRelations Specialist, +34 91 634 8500, both of Meta4, orStephanie Highett/Tessa Whiskin both of GCI Focus, +44 171 6001392, for Meta4 Web site: http://www.meta4.es

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