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EXHIBIT 99.1
[NEON SYSTEMS, INC. LOGO]
For Immediate Release
CONTACT:
Steve Odom
NEON Systems, Inc.
(281) 634-8253 (U.S.)
Fax (281) 242-3880
[email protected]
CEO OF NEON SYSTEMS RESIGNS
SUGAR LAND, TX (JANUARY 9, 2001) - NEON(R) Systems, Inc. (Nasdaq:NESY), a
leading provider of eBusiness Integration solutions, today announced that Joe
Backer has resigned as the NEON Systems chief executive officer and member of
the board of directors. Current President and Chief Operating Officer, Steve
Odom, will serve as interim CEO for NEON Systems while a search for a permanent
CEO is underway.
"On behalf of the employees and the Board of Directors, I would like to take
this opportunity to thank Joe for his efforts as CEO of NEON Systems over the
past five years, and wish him well in his future endeavors," commented John
Moores, chairman of the NEON Systems Board of Directors.
NEON Systems also announced that its financial results for the three months
ended December 31, 2000 will include one-time charges that are expected to
approximate $5 million, primarily related to the above noted resignation.
ABOUT NEON SYSTEMS
NEON Systems, Inc. is a leading provider of eBusiness Integration solutions. The
NEON Systems iWave(TM) Solution provides Global 2000 companies with complete
eBusiness integration including data access, enterprise application integration
(EAI), and business-to-business (B2B) capabilities. The iWave Solution set
delivers integrated, global information sharing in complex cross-platform,
multi-functional environments, including System/390 mainframes, UNIX, Linux,
Windows NT and 2000 systems. Headquartered in Sugar Land (Houston), Texas, NEON
Systems has sales, support, and distributor offices around the world. The NEON
Systems' website can be visited at www.neonsys.com.
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This press release contains both historical information and forward-looking
information. Numerous important factors affect NEON Systems' operating results
and could cause its future results to differ materially from the results
indicated in this press release or in any other forward-looking statements made
by, or on behalf of, NEON Systems, and there can be no assurance that future
results will meet expectations. These factors include, but are not limited to,
the following: 1) NEON Systems' revenue and earnings are subject to a number of
factors, including the significant percentage of quarterly sales typically
closed at the end of each quarter, that make estimation of operating results
prior to the end of a quarter extremely uncertain; 2) competition for NEON
Systems' products is at an all-time high and continues to increase for all
product lines; 3) international results have been and remain volatile; 4) NEON
Systems continues to depend on large enterprise license transactions as an
integral part of its core mainframe business; 5) continued demand for
significant additional mainframe MIPS capacity; 6) the uncertainties of whether
new software products and product strategies, including Enterprise Application
Integration and Business-to-Business, will be successful; 7) the ability to
recruit and retain qualified personnel; and 8) the additional considerations and
important risk factors described in the company's initial public offering
prospectus filed with the Securities and Exchange Commission on March 5, 1999
and NEON Systems' subsequent securities filings, including filings on Form 10-Q
and Form 10-K.
NEON is a registered trademark and the NEON logo is a trademark of NEON Systems,
Inc.
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