Nasdaq Signs Enterprise License with Level 8 Systems

Business Wire, May 2, 2000

Business Editors/High Tech Writers

CARY, N.C.--(BUSINESS WIRE)--May 2, 2000

Worlds Leading Stock Market to Build Enterprise Backbone based on

Level 8's Message Queuing Products

Level 8 Systems (Nasdaq: LVEL), a leading global provider of eBusiness Integration Solutions, today announced an enterprise license agreement for its Geneva Message Queuing (Geneva MQ) product with the Nasdaq Stock Market, Inc. Under the terms of the agreement, Level 8's Geneva MQ will be implemented as part of an overall integration strategy for connecting Nasdaq's Microsoft Windows based servers with its mainframe computer systems.

"Because Level 8's Geneva MQ is platform neutral, it will be used along with Microsoft Message Queue Services to establish an interoperability standard for the enterprise," stated Edward Flynn, Director of Technical Architecture for Nasdaq.

"Partnering with Level 8 promotes the adoption of Microsoft technology to large enterprises because it adds reliable, cross-platform infrastructures for eBusiness," stated Charles Sterling MSMQ Product Manager for Microsoft Corporation. "This promotes the adoption of Microsoft technology for the largest enterprises."

"Nasdaq has always been the leader in using technology to deliver new products and services to its members and millions of traders that use the exchange everyday," said Arik Kilman CEO of Level 8 Systems. "Nasdaq adopted the principal behind Geneva MQ, which allows all computing platforms and applications to work together through message queuing technology."

Since its inception in 1971, The Nasdaq Stock Market has been a financial industry innovator. Introduced as the world's first electronic stock market, Nasdaq long ago set a precedent for technological trading innovation that is unrivaled. Taking a "best of breed" approach to technology, Nasdaq hosts business applications on a range of platforms including mainframes from Unisys and Tandem and Windows Servers from Microsoft. The agreement with Level 8 Systems enables Nasdaq to deploy a unified, cross-platform, message queuing solution between all of Nasdaq's enterprise systems, based on MSMQ.

About Geneva Message Queuing

Geneva Message Queuing is a comprehensive implementation of Microsoft Message Queue Services (MSMQ) for a full range of non-Windows operating systems. MSMQ is a key component of Microsoft's Windows DNA architecture for building new applications. Level 8 has an exclusive agreement with Microsoft to develop, market and sell non-Windows versions of MSMQ. The Geneva product family is designed to make it easy for organizations to rapidly implement eBusiness and eCommerce solutions.

About Nasdaq

The Nasdaq Stock Market lists nearly 5,000 companies, has a larger dollar volume, and trades more shares per day than any other U.S. market. Nasdaq is a subsidiary of the NASD, the largest securities-industry, self-regulatory organization in the United States. Since its inception in 1971, The Nasdaq Stock Market has been the industry innovator. Introduced as the world's first electronic stock market, Nasdaq long ago set a precedent for technological trading innovation that is unrivaled. Now poised to become the world's first truly global market, The Nasdaq Stock Market is the market of choice for business industry leaders worldwide.

About Level 8 Systems

Level 8 Systems (Nasdaq: LVEL; www.level8.com) is a leading global provider of eBusiness integration software that enable organizations to integrate new and existing information and processes with the Internet to create new business value. Level 8's product portfolio represents the broadest enterprise application integration (EAI) offering from a single vendor in the market today. The Geneva Integration Suite provides enterprise messaging, application integration, business process automation and application engineering.

Level 8 has more than 700 customers and over 450 employees worldwide with corporate headquarters in Cary, North Carolina, and offices in the US, UK, Germany, Denmark, France, Italy and Australia.

Level 8, Level 8 Systems, Level 8 Technologies, Geneva, Geneva Integration Suite, Geneva Enterprise Integrator, Geneva Business Process Automator, Geneva Integration Broker, Geneva Message Queuing, Geneva XIPC and Geneva AppBuilder are trademarks of Level 8 Technologies, Inc., a wholly-owned subsidiary of Level 8 Systems, Inc. All other company and product names are for identification purposes only and are the property of, and may be trademarks of,

their respective owners.