Neoware Gets Ranked

KING OF PRUSSIA, Pa., Nov. 8, 2004 (PRIMEZONE) -- Neoware Systems (NasdaqNM:NWRE - News), the leading supplier of award-winning software, services, and appliances for thin client computing, today announced that it ranked Number 396 on the 2004 Deloitte Technology Fast 500, a ranking of the 500 fastest growing technology companies in North America. Rankings are based on percentage revenue growth over five years, from 1999-2003. Neoware grew 439 percent during this period.

ADVERTISEMENT
Neoware's Chairman and CEO, Michael Kantrowitz credits increasing acceptance of thin client computing, loyal customers and a dedicated team of people to the company's 439% growth from 1999-2003. Neoware thin client computing is significantly more secure, reliable, affordable, and manageable than traditional PC computing, and it eliminates the obsolescence built into traditional PCs. With Neoware, companies run applications on centrally managed servers, and users access them across a wired or wireless network from sleek, thin client desktop or tablet-style appliances that have lower up-front and ongoing costs than traditional PCs. Thin clients are immune from standard PC viruses, making them significantly more secure than traditional PCs.

``Neoware thin client computing is the increasingly popular alternative to business PCs,'' Kantrowitz commented. ``Our dedicated team of people and loyal customers placed Neoware on Deloitte's prestigious Technology Fast 50 Program for the Delaware Valley, and now we are proud to announce that Neoware is among the top 500 fastest growing technology companies in North America.''

``Growing the top line enough to make the Deloitte Technology Fast 500 is especially meaningful during tough economic times for the technology sector,'' said Mark A. Evans, national managing partner of Deloitte's Technology, Media & Telecommunications Group. ``We congratulate Neoware Systems on becoming one of the 500 fastest growing technology companies in North America.''

In addition to ranking on the Deloitte Technology Fast 500, Neoware ranked 18 on the Technology Fast 50 program, which is a ranking of the 50 fastest growing technology firms in the Delaware Valley.

Fast 500 Selection and Qualifications

The Fast 500 list is compiled from Deloitte's 19 regional North American Fast 50 programs, nominations submitted directly to the Fast 500, and public company database research. To qualify for the Fast 500, entrants must have had 1999 operating revenues of at least $50,000 USD and $75,000 CD for the United States and Canada, respectively; and 2003 operating revenues must be at least $1 million USD or CD.

Entrants must also be public or private companies headquartered in North America and must be a ``technology company,'' defined as a company that owns proprietary technology that contributes to a significant portion of the company's operating revenues; or devotes a significant proportion of revenues to the research and development of technology. Using other companies' technology in a unique way does not qualify.

About Deloitte

Deloitte refers to one or more of Deloitte Touche Tohmatsu, a Swiss Verein, its member firms and their respective subsidiaries and affiliates. As a Swiss Verein (association), neither Deloitte Touche Tohmatsu nor any of its member firms has any liability for each other's acts or omissions. Each of the member firms is a separate and independent legal entity operating under the names ``Deloitte,'' ``Deloitte & Touche,'' ``Deloitte Touche Tohmatsu,'' or other related names. Services are provided by the member firms or their subsidiaries or affiliates and not by the Deloitte Touche Tohmatsu Verein. Deloitte & Touche USA LLP is the U.S. member firm of Deloitte Touche Tohmatsu. In the U.S., services are provided by the subsidiaries of Deloitte & Touche USA LLP (Deloitte & Touche LLP, Deloitte Consulting LLP, Deloitte Tax LLP, and their subsidiaries), and not by Deloitte & Touche USA LLP.

About Neoware

Neoware provides software, services, and solutions to enable Appliance Computing, a proven Internet-based computing architecture targeted at business customers that is designed to be simpler and easier than traditional PC-based computing. Neoware's software and management tools power and manage a new generation of smart computing appliances that utilize the benefits of open, industry-standard technologies to create new alternatives to personal computers used in business and a wide variety of proprietary business devices.

Neoware's products are designed to run local applications for specific vertical markets, plus allow access across a network to multi-user Windows servers, Linux servers, mainframes, minicomputers, and the Internet. Computing appliances that run and are managed by Neoware's software offer the cost benefits of industry-standard hardware and software, easier installation, and have lower up-front, maintenance, and administrative costs than proprietary or PC-based alternatives.

More information about Neoware can be found on the Web at http://www.neoware.com or via email at [email protected]. Neoware is based in King of Prussia, PA.

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including statements regarding: our position as the leading supplier of software, products, services and solutions for the Appliance Computing market; and the benefits of our software-focused business model allowing customers to lower ongoing costs of ownership. These forward-looking statements involve risks and uncertainties. Factors that could cause actual results to differ materially from those predicted in any such forward-looking statement include acceptance of our thin client products, pricing pressures, rapid technological changes in the industry, growth of the Appliance Computing market, increased competition, our ability to attract and retain qualified personnel, adverse changes in general economic conditions in the U.S. and internationally and political and economic uncertainties associated with current world events. These and other risks are detailed from time to time in Neoware's periodic reports filed with the Securities and Exchange Commission, including, but not limited to, its reports on Form 10-K for the year ended June 30, 2004.

Neoware is a registered trademark of Neoware Systems, Inc. Citrix(R), iForum(TM) and Citrix Business Alliance(TM) are registered trademarks or trademarks of Citrix Systems, Inc. in the US and other countries. All other names products and services are trademarks or registered trademarks of their respective holders.

From: For:
Gregory FCA Communications, Inc. Neoware Systems, Inc.
27 W. Athens Ave. 400 Feheley Drive
Ardmore, PA 19003 King of Prussia, PA 19406

Contact: Contact:
Tim Cifelli Sharon O'Shea
(610) 642-8253 (610) 277-8300, ext. 1743
email: [email protected] email: [email protected]