Tangram Retains Nasdaq SmallCap Listing

Apr 18, 2001, 01:00 ET from Tangram Enterprise Solutions, Inc.

    CARY, N.C., April 18 /PRNewswire/ -- Tangram Enterprise Solutions, Inc., a
 leading provider of enterprise asset management solutions, today announced
 that the Company's common stock (Nasdaq:   TESI) will continue to be listed on
 The Nasdaq SmallCap Market via an exception from the $1.00 minimum bid price
 requirement.
     While Tangram failed to meet this requirement as of December 28, 2000, the
 Company was granted a temporary exception from this standard subject to
 Tangram meeting certain conditions.  On or before May 1, 2001, the Company
 must file a proxy statement with the Securities and Exchange Commission and
 Nasdaq evidencing the Company's intent to seek shareholder approval for the
 implementation of a reverse stock split.  Thereafter, on or before June 15,
 2001, the Company must demonstrate a closing bid price of at least $1.00 per
 share and, immediately thereafter, a closing bid price of at least $1.00 per
 share for a minimum of ten consecutive trading days.  In order to fully comply
 with the terms of this exception, the Company must be able to demonstrate
 compliance with all requirements for continued listing on The Nasdaq SmallCap
 Market.  The exception will expire on June 15, 2001.  In the event the Company
 is deemed to have met the terms of the exception, it shall continue to be
 listed on The Nasdaq SmallCap Market.  The Company believes that it can meet
 these conditions, however, there can be no assurances that it will do so.  If
 at some future date the Company's securities should cease to be listed on The
 Nasdaq SmallCap Market, they may continue to be listed in the OTC-Bulletin
 Board.  For the duration of the exception, Tangram's Nasdaq symbol will be
 "TESIC".
 
     This press release contains "forward-looking statements" within the
 meaning of Section 27A of the Securities Act of 1933 and Section 21E of the
 Securities Exchange Act of 1934 (statements that are not historical facts and
 relate to future performance) that involve risks and uncertainties.  There can
 be no assurance that Tangram will succeed in raising the bid price of its
 common stock or that The Nasdaq SmallCap Market would not delist Tangram's
 common stock for other reasons in the future.  Furthermore, the Company
 believes that there can be no assurance that the market price of the common
 stock after approval of the reverse split will be equal to the market price
 before the reverse split multiplied by the split number, or that the market
 price following the reverse split will either exceed or remain in excess of
 the current market price.  In addition, actual results may differ materially
 from any forward-looking statements based on any other risks identified in
 Tangram's SEC filings, including the Form 10-K for the year ended December 31,
 2000.  Tangram assumes no obligation to update the information contained in
 this press release.
 
     About Tangram ( www.tangram.com )
     Headquartered in Cary, N.C., Tangram Enterprise Solutions, Inc. is a
 leading provider of IT asset management solutions for large and midsize
 organizations across all industries, in both domestic and international
 markets.  Tangram's core business strategy and operating philosophy center on
 delivering world-class customer care, creating a more personal and productive
 IT asset management experience through a phased solution implementation,
 providing tailored solutions that support evolving customer needs and
 maintaining a leading-edge technical position.  To date, Tangram's solutions
 have been installed on more than 2 million workstations and servers at more
 than 200 customer sites throughout the world.  Tangram is a partner company of
 Safeguard Scientifics ( www.safeguard.com ) (NYSE:   SFE), a leader in
 identifying, developing and operating premier technology companies in the
 Internet infrastructure market with a focus on three sectors:  software,
 communications and eServices.
 
 

SOURCE Tangram Enterprise Solutions, Inc.
    CARY, N.C., April 18 /PRNewswire/ -- Tangram Enterprise Solutions, Inc., a
 leading provider of enterprise asset management solutions, today announced
 that the Company's common stock (Nasdaq:   TESI) will continue to be listed on
 The Nasdaq SmallCap Market via an exception from the $1.00 minimum bid price
 requirement.
     While Tangram failed to meet this requirement as of December 28, 2000, the
 Company was granted a temporary exception from this standard subject to
 Tangram meeting certain conditions.  On or before May 1, 2001, the Company
 must file a proxy statement with the Securities and Exchange Commission and
 Nasdaq evidencing the Company's intent to seek shareholder approval for the
 implementation of a reverse stock split.  Thereafter, on or before June 15,
 2001, the Company must demonstrate a closing bid price of at least $1.00 per
 share and, immediately thereafter, a closing bid price of at least $1.00 per
 share for a minimum of ten consecutive trading days.  In order to fully comply
 with the terms of this exception, the Company must be able to demonstrate
 compliance with all requirements for continued listing on The Nasdaq SmallCap
 Market.  The exception will expire on June 15, 2001.  In the event the Company
 is deemed to have met the terms of the exception, it shall continue to be
 listed on The Nasdaq SmallCap Market.  The Company believes that it can meet
 these conditions, however, there can be no assurances that it will do so.  If
 at some future date the Company's securities should cease to be listed on The
 Nasdaq SmallCap Market, they may continue to be listed in the OTC-Bulletin
 Board.  For the duration of the exception, Tangram's Nasdaq symbol will be
 "TESIC".
 
     This press release contains "forward-looking statements" within the
 meaning of Section 27A of the Securities Act of 1933 and Section 21E of the
 Securities Exchange Act of 1934 (statements that are not historical facts and
 relate to future performance) that involve risks and uncertainties.  There can
 be no assurance that Tangram will succeed in raising the bid price of its
 common stock or that The Nasdaq SmallCap Market would not delist Tangram's
 common stock for other reasons in the future.  Furthermore, the Company
 believes that there can be no assurance that the market price of the common
 stock after approval of the reverse split will be equal to the market price
 before the reverse split multiplied by the split number, or that the market
 price following the reverse split will either exceed or remain in excess of
 the current market price.  In addition, actual results may differ materially
 from any forward-looking statements based on any other risks identified in
 Tangram's SEC filings, including the Form 10-K for the year ended December 31,
 2000.  Tangram assumes no obligation to update the information contained in
 this press release.
 
     About Tangram ( www.tangram.com )
     Headquartered in Cary, N.C., Tangram Enterprise Solutions, Inc. is a
 leading provider of IT asset management solutions for large and midsize
 organizations across all industries, in both domestic and international
 markets.  Tangram's core business strategy and operating philosophy center on
 delivering world-class customer care, creating a more personal and productive
 IT asset management experience through a phased solution implementation,
 providing tailored solutions that support evolving customer needs and
 maintaining a leading-edge technical position.  To date, Tangram's solutions
 have been installed on more than 2 million workstations and servers at more
 than 200 customer sites throughout the world.  Tangram is a partner company of
 Safeguard Scientifics ( www.safeguard.com ) (NYSE:   SFE), a leader in
 identifying, developing and operating premier technology companies in the
 Internet infrastructure market with a focus on three sectors:  software,
 communications and eServices.
 
 SOURCE  Tangram Enterprise Solutions, Inc.