Exhibit 99.1
PRESS RELEASE
AT THE COMPANY AT THE FINANCIAL RELATIONS BOARD
Edward C. Callahan, Jr. Joe Calabrese Alicia Nieva-Woodgate Julia Creed
President and CEO (general) (media) (analyst)
(610) 277-8300 212-661-8030 212-661-8030 312-640-6724
FOR IMMEDIATE RELEASE
April 3, 1998
NEOWARE SYSTEMS, INC.
COMMENTS THAT SECURITIES LAW SUIT WITHOUT MERIT
King of Prussia, Pennsylvania--Neoware Systems, Inc. (Nasdaq: NWRE)
reported today that a complaint was filed in the United States District Court
for the Southern District of New York on March 11, 1998. The Complaint asserts
claims against the Company, its Chairman and its former CFO, who are named as
defendants in the suit, under the federal securities laws and for common law
fraud, arising from alleged misrepresentations by the Company and the two
individuals. The suit was filed as a class action on behalf of purchasers of the
Company's common stock during the period from June 15, 1996 through August 15,
1997.
The Company's President and CEO, Edward C. Callahan, Jr. stated "We believe
that the allegations in the complaint are completely without merit and we intend
to defend this action vigorously."
About Neoware Systems Inc.
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Neoware's products are thin-client computers designed to allow access to
Windows
applications running on multi-user Windows NT servers. They are designed as
alternatives to dumb terminals or personal computers, offering much lower up-
front and administrative costs. Unlike Java Network Computers, which require
companies to migrate to Java applications or use Java emulators to access
existing environments, Neoware's products are designed primarily to run Windows
applications via a server such as Microsoft Windows Terminal Server or Citrix
WinFrame.
More information about Neoware can be found on the Web
http://www.neoware.com., or via email at info@neoware.com. Neoware Systems, Inc.
is located at 400 Feheley Drive, King of Prussia, PA 19406. Telephone: 610-277-
8300; fax: 610-275-5739.
# # #
NeoStation and netOS are trademarks of Neoware Systems, Inc. Windows is a
registered trademark of Microsoft Corporation, ICA is a registered trademark of
Citrix Systems, Inc. All other brand names mentioned are trademarks or
registered trademarks of their respective holders.
The statements in this press release relating to matters that are not historical
are forward-looking statements within the meaning of the Private Securities
Litigation Reform Act of 1995 that involve risks and uncertainties that could
cause actual results to differ materially from those anticipated, including but
not limited to, customer acceptance of Neoware's line of thin client computers,
pricing pressures, the growth of the thin client computer market, rapid
technological changes in the industry and increased competition. These risks and
uncertainties are described in reports and other documents filed by Neoware with
the Securities And Exchange Commission.