PRESS: Prism Solutions files for IPO

I will follow this announcement up with more details as they are made publicly available. Cheers, Doug Laney Prism Solutions ------------ FOR IMMEDIATE RELEASE For More Information Contact: Mr. Samuel M. Hedgpeth III Chief Financial Officer Prism Solutions, Inc. (408) 744-3300 ext. 777 PRISM SOLUTIONS, INC. FILES REGISTRATION STATEMENT FOR INITIAL PUBLIC OFFERING OF 2,150,000 SHARES OF COMMON STOCK SUNNYVALE, CA February 8, 1996 -- Prism Solutions, Inc. announced that it has filed a registration statement relating to a proposed initial public offering of 2,150,000 shares of common stock with the Securities and Exchange Commission. Of the total, 2,000,000 shares will be offered by the Company and 150,000 shares will be offered by selling stockholders. The offering price is expected to be between $8.00 and $10.00 per share. Alex. Brown & Sons Incorporated, Hambrecht & Quist LLC and Cowen & Company will co-manage the underwriting group. Net proceeds will be used for repayment of indebtedness and general corporate purposes, including working capital. Prism Solutions, Inc. designs, develops, markets and supports data warehouse management software that assists its customers in developing, managing and maintaining data warehouses. A copy of the prospectus relating to the offering, when available, may be obtained from Alex. Brown, 135 East Baltimore Street, Baltimore MD 21202, Hambrecht & Quist LLC, One Bush Street, San Francisco, CA 94104 or 230 Park Avenue, New York, NY 10169 or from Cowen & Company, Financial Square, 28th Floor, New York, NY 10005. A registration statement relating to these securities has been filed with the Securities and Exchange Commission but has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these securities in any state in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state. ####