EXHIBIT 99.1
Astea Contacts:
MEDIA RELATIONS INVESTOR RELATIONS
Gail Ferrari Rick Etskovitz
Tattar Cutler-DBC Astea International Inc.
215 957 0300 215 682 2500
gferrari@dbcommunications.net atea@focuspartners.com
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HORSHAM, PA - March 6, 2001 - Astea International Inc., a leading provider
of field service automation software, received a Nasdaq Staff Determination on
February 28, 2001, indicating that Astea has failed to comply with the $1.00
minimum bid requirement for continued listing set forth in Nasdaq Marketplace
Rule 4450(a)(5) and that its shares are, therefore, subject to delisting from
the Nasdaq National Market. Astea has requested a hearing before a Nasdaq
Listing Qualifications Panel to review the Staff Determination and present its
case. Astea shares will continue trading on the Nasdaq National Market until the
Panel has reached a decision. There can be no assurance that the Panel will
grant Astea's request for continued listing.
Astea International Inc. (www.astea.com [http://www.astea.com/])
specializes in service-centric Customer Relationship Management (eCRM) software
solutions used by companies in multiple industries to improve productivity,
revenue and customer interaction. Astea markets its products through direct and
indirect sales and services networks throughout North America, Europe and the
Asia-Pacific.
This press release contains forward-looking statements that are made under
the "safe harbor" provisions of the Private Securities Litigation Reform Act of
1995 and involve a number of risks and uncertainties that could materially
affect future results. Among these risk factors are the impact of the Nasdaq
action, the continuing acceptance of Astea's products, general competitive
pressures in the marketplace, and the uncertainty of continued overall growth in
the customer relationship management solutions industry. Further information
regarding these as well as other key risk factors that could affect the
Company's financial results and meaningful cautionary statements are included in
the Company's reports, including the Form 10-K for the fiscal year ended
December 31, 1999, and more recent 10-Q's.
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