Jacada Reports Profitable 2002 Fourth Quarter - Software License Revenues up 52% from the Third Quarter

Business Wire, Feb 11, 2003

In addition, Jacada teamed with PeopleSoft and received certification of the integration between PeopleSoft(R) AppConnect and Jacada(R) Integrator. Jacada Integrator enables PeopleSoft customers to achieve real-time access to their legacy applications from PeopleSoft 8 applications.

"We are extremely proud to have been selected by Computer Associates and PeopleSoft as primary integration partners," said Potts. "These opportunities offer us extensive field relationships that will further help us grow our global business as we expand Jacada's reach."

Jacada expanded its operations in Latin America with the opening of offices in Mexico City and Sao Paulo, Brazil. The expansion is targeted at providing sales and technical support to multi-national customers and partners and to filling a growing need for the legacy computing market in Latin America.

Jacada will host a conference call to review this announcement at 10:30 a.m. Eastern Standard Time. A Webcast of the conference call may be accessed by visiting the Investors section of the Jacada Website, or via CCBN at www.streetevents.com.

About Jacada - Jacada Ltd. is the leading provider of solutions for all things legacy. Jacada addresses the need for extending and integrating legacy applications into today's modern computing environments through automated integration, web-to-host, modernization, extension and terminal emulation products. Jacada solutions are in use today at major corporations and government organizations such as AIG, Bank of America, Caterpillar, Citibank, Delta Air Lines, The Federal Reserve Bank, Porsche Cars North America, Prudential, and the US Department of Interior. Jacada operates globally with headquarters in Atlanta, Georgia; Herzliya, Israel; and London, England. Jacada can be reached at www.jacada.com or at 1-800-773-9574.

This press release contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, such as statements relating to future financial results and plans for future business development activities, and are prospective. These statements include all statements that are not statements of historical fact and consists of those regarding intent, belief or current expectations of the Company, its directors or its officers with respect to, among other things: (i) the Company's financing plans; (ii) trends affecting the Company's financial condition or results of operations; and (iii) the Company's growth strategy and operating strategy (including the development of its products and services). The words "may," "could," "would," "will," "believe," "anticipate," "estimate," "expect," "intend," "plan," and similar expressions or variations thereof are intended to identify forward-looking statements. Investors are cautioned that any such forward-looking statements are not guarantees of the future performance and involve risks and uncertainties, many of which are beyond the Company's ability to control. Actual results may differ materially from those projected in the forward-looking statements as a result of various factors including the performance and continued acceptance of our products, general economic conditions and other Risk Factors specifically identified in our reports filed with the Securities and Exchange Commission. The Company undertakes no obligation to update or revise any forward-looking statement for events or circumstances after the date on which such statement is made. The Company cannot assess the impact of or the extent to which any single factor or risk, or combination of them, may cause. For a more complete discussion of risk factors, please see the Company's Form 20-F and other Statements filed with the Securities and Exchange Commission.