New Era of Networks, Inc. Named in Class Action Alleging False Financials Filed by the Law Firm of Weiss & Yourman

Business Wire, July 7, 1999

NEW YORK--(BUSINESS WIRE)--July 7, 1999--

The following was released today by Weiss & Yourman:

A class action lawsuit against New Era of Networks, Inc. ("New Era" or the "Company")(NASDAQ:NEON) and certain individuals associated with the Company was commenced today in the United States District Court for the District of Colorado on behalf of purchasers of New Era shares. If you purchased New Era shares between October 29, 1998 and July 7, 1999, please read this notice.

The complaint charges New Era and certain of its executive officers with violations of Sections 10(b) and 20(a) of the Securities Exchange Act of 1934. The complaint alleges that defendants issued a series of materially false and misleading statements regarding the Company's financial condition and results of operations. These false and misleading statements caused the price of New Era's stock to be artificially inflated.

This action seeks to recover damages on behalf of defrauded investors who purchased New Era securities. Plaintiff is represented by Weiss & Yourman, a law firm possessing significant experience and expertise in prosecuting class actions on behalf of defrauded shareholders in federal and state courts throughout the United States. Weiss & Yourman has been appointed by numerous courts to serve as lead counsel in class action lawsuits and in that capacity has recovered hundreds of millions of dollars on behalf of investors.

If you purchased New Era securities during the period of October 29, 1998 and July 7, 1999, you may move the court no later than September 5, 1999, to serve as a lead plaintiff of the class. In order to serve as a lead plaintiff, you must meet certain legal requirements.

If you wish to receive an investor package or if you wish to discuss this action, or have any questions concerning this notice or your rights or interests with respect to this matter, or if you have any information you wish to provide to us, please contact:

NEW YORK: Joseph H. Weiss or James E. Tullman, (888) 593-4771 or (212) 682-3025 or via Internet electronic mail at wynyc@aol.com or by writing Weiss & Yourman, The French Building, 551 Fifth Avenue, Suite 1600, New York City 10176.