Press Release

FOR IMMEDIATE RELEASE Ref. #NRE2004-12

TECSYS Reports 47% Revenue Growth in Q4 of Fiscal 2004

The Company Shows Fourth Consecutive Quarter of Profits

MONTREAL, June 15, 2004 — TECSYS Inc. (TSE: TCS), a leading Supply Chain Management (SCM) software company announced today its financial results for the fourth quarter and for fiscal 2004 ending April 30, 2004. All dollar amounts are expressed in US currency and are reported in accordance with Canadian Generally Accepted Accounting Principles (GAAP), and are unaudited.

TECSYS' total revenues for the three months ended April 30, 2004, grew 47% to $5.5M from $3.7M in Q4 of the prior fiscal year. Operating costs decreased by 15% to $2.6M in the reporting quarter from $3.0M in the same quarter of the prior year. Profit from operations for the fourth quarter was $246K compared to an operating loss of $1.3M in Q4 of the prior fiscal year. Net profit for the current quarter, after accounting for an exchange gain of $84,000, was $361K compared to a net loss of $1.9M in the same comparable quarter. During the fourth quarter, basic and diluted earnings per share was $0.03 compared to a basic loss per share of $0.13 for Q4 of fiscal year 2003.

For the twelve months of fiscal year 2004, the company's revenue was $17.6M compared to the previous fiscal year's revenue of $15.0M, or a revenue growth of 17%. Net operating profit for fiscal 2004 was $463K compared to an operating loss of $5.9M for fiscal 2003. Net profit for fiscal year 2004, after accounting for an exchange loss of $244K, was $415K compared to a net loss of $6.6M in the prior fiscal year. This resulted in a basic and diluted earnings per share of $0.03 in fiscal year 2004 compared to a basic loss per share of $0.45 in fiscal year 2003.

TECSYS continued to maintain a strong cash position, ending the year with $8.8M. Days sales outstanding (DSO) was 78 days at the end of April 30, 2004.

"This has been a very rewarding year for us," said Peter Brereton, President and Co-CEO of TECSYS Inc. "We acquired PointForce Inc., made significant gains in healthcare, delivered yet another release of our Web-based suite of applications, and won new accounts throughout the year. We also have realigned our business into three distinct divisions, each focused on serving their respective markets, yet fully integrated in terms of key business processes. This has resulted in a combination of declining costs, rising revenues and solid profitability. We still have more work to do; but I would call this a year of great progress."

Several key milestones were achieved in the fourth quarter:

• New wins include:
• A distributor of electronic components to OEMs
• A manufacturer/distributor of specialty cheese and frozen foods
• A distributor of gourmet food products
• A distributor of printed artwork on gift items
• A distributor of specialty games and toys
• A leading developer and distributor of camp cookware products


• A number of existing customers continued to upgrade with the company including:
• A distributor of restaurant supplies and food service equipment
• Canada's largest distributor of home entertainment products
• A distributor of kitchen utensils and food preparation
• A 3pl providing solutions to the retail industry in Canada
• A distributor of electronic and industrial communications products
• A Canadian publisher and distributor


• Successful go-lives include:
• A distributor of small appliances located in West Bend, Wisconsin
• A wholesale craft distributor located in Strongsville, OH
• A distributor of kitchen utensils and food preparation tools located in Buffalo, NY
• A leading provider of data, Internet protocol (IP) voice and wireless communication services located in Canada
• A logistics company located in Mississauga, ON


• The continuation of higher revenues and lower costs brought the company into profitability for four consecutive quarters.

About TECSYS

TECSYS is a leading Supply Chain Management software company that provides powerful enterprise distribution software solutions through three divisions. 1) EliteSeries SCM software suite focuses on mid-to-large healthcare distribution and logistics companies (pharmaceuticals/medical/surgical distributors and integrated delivery networks), along with key segments in general wholesale distribution. EliteSeries' modules include Enterprise Performance Management, Distribution Management, Warehouse Management, Transportation Management, and E-Commerce. 2) PointForce distribution software suite focuses on the giftware industry, along with office products distribution and other small-to-medium importer/distributors. 3) TECSYS Transportation System provides a state-of-the-art multi-carrier solution for parcel and LTL management. The company's customers include about 600 small and medium size and Fortune 1000 companies. TECSYS' shares are listed on the Toronto Stock Exchange (TSX) under the ticker symbol TCS.

Contact:

Solutions and General Info: info@tecsys.com
Investor Relations: investor@tecsys.com
TECSYS Inc.
(514) 866-0001 or (800) 922-8649

The statements in this news release relating to matters that are not historical fact are forward looking statements that are based on management's beliefs and assumptions. Such statements are not guarantees of future performance and are subject to a number of uncertainties, including but not limited to future economic conditions, the markets that TECSYS Inc. serves, the actions of competitors, major new technological trends, and other factors beyond the control of TECSYS Inc., which could cause actual results to differ materially from such statements. All names, trademarks, products, and services mentioned are registered or unregistered trademarks of their respective owners.