AXCESS Receives Notice from NASDAQ on Listing Requirements; Reduced Share Price Makes Company Non-Compliant With Minimum $35 Million Market Capitalization

Business Wire, June 27, 2002

Business Editors

AXCESS Inc. (Nasdaq:AXSI), a leading provider of advanced technology security and asset management solutions, today announced it has received notice from NASDAQ that it does not comply with the minimum $35 million market capitalization rule (Marketplace Rule 4310 (c)(8)(C)) for continued listing on the exchange based on the current share price of its stock.

The Company has appealed the determination to NASDAQ as provided for in the Marketplace Rule 4800 Series. The Company's stock will

continue to be listed during the appeal process.

"We feel we add value to the exchange by being listed and we are hopeful our appeal will be well received. There are a number of recent events that demonstrate we continue to build value. Our bookings in

the second quarter are triple those of the first quarter, and we have dramatically reduced our operating expenses. The security and homeland defense marketplaces we sell into have heated up recently and we have a number of installations in airports, government buildings, water treatment plants, power plants, and telecom infrastructures that reflect the potential for further growth," said Allan Griebenow,

President & CEO of AXCESS Inc.

For more information on AXCESS Inc.'s products and solutions, see the Company's web site at www.axcessinc.com.

About AXCESS Inc.

AXCESS Inc., headquartered in Dallas, Texas, provides advanced security and asset management systems that locate, identify, track,

monitor, count, and protect assets. Its network-based systems provide application solutions that can reduce loss and liability, and boost

productivity in areas that provide significant value for the customer. In security, the Company's solutions extend traditional system

coverage through the use of the corporate network or Internet. A particular focus on automatic incident detection, recording, and notification, all of which can increase productivity and

effectiveness. Beyond traditional security, the Company's solutions automatically locate, track, monitor and protect assets, which can maximize utilization of critical assets, such as computers, inventory, people, and vehicles, and improvement of business operations. The main applications are security video (CCTV), personnel and vehicle access control, and automatic asset tracking and protection. The Company provides solutions in the recently identified homeland security markets such as air and ground transportation, water treatment facilities, oil and gas, power plants, as well as in the markets for data centers, retail and convenience stores, education, and corporate offices. AXCESS utilizes two patented and integrated technologies: network-based radio frequency identification (commonly referred to as RFID) and tagging and streaming video. Both application and browser-based software options deliver critical real-time information tailored to each end user via the enterprise network or Internet, also providing custom alerts in the form of streaming video, e-mail, or messages delivered to wireless devices. AXCESS is a VennWorks LLC partner company.

This news release contains "forward-looking statements" within the meaning of the "safe-harbor" provisions of the Private Securities

Litigation Reform Act of 1995. Such statements involve known and

unknown risks, uncertainties and other factors that could cause the actual results of the Company to differ materially from the results expressed or implied by such statements, including changes from anticipated levels of sales, future national or regional economic and competitive conditions, changes in relationships with customers, access to capital, difficulties in developing and marketing new products, marketing existing products, customer acceptance of existing and new products, and other factors disclosed in the Company's Annual Report on Form 10KSB for the year ended Dec. 31, 2001 and all of the Company's subsequent Quarterly Reports on Form 10QSB, especially in the "risk factors" sections of these annual and quarterly reports. Accordingly, although the Company believes that the expectations reflected in such forward-looking statements are reasonable, there can be no assurance that such expectations will prove to be correct. The Company has no obligation to update the forward-looking information contained in this news release.