EXHIBIT 99.1

                [ASCENDANT SOLUTIONS, INC. LOGO]




For Release
---------
Friday, May 11, 2001
8:30AM CDT



 ASCENDANT SOLUTIONS ANNOUNCES PLAN TO SIGNIFICANTLY REDUCE THE
    SIZE AND SCOPE OF OPERATIONS AND PLAN TO PRESERVE ASSETS


     DALLAS, Texas, May 11 - Ascendant Solutions, Inc. (OTCBB:
ASDS) today announced that its Board of Directors has determined
that the capital requirements under its existing business plan
for fiscal year 2001 are greater than currently available capital
resources.  This determination was made after a review of the
Company's preliminary operating results for the first quarter
2001.  The Board has therefore taken action to immediately reduce
the size and scope of operations and to reduce the Company's work
force.  The Company reports that the Board took this action to
maximize the Company's existing assets and to minimize current
expenditures, pending a determination by the Board as to the best
use of the assets of the Company remaining after existing
liabilities have been paid.  In order to enhance and to maximize
shareholder value, the Board is considering a variety of
financial and strategic alternatives, including a strategic
alliance or the possible sale of all or a portion of the Company.
The Board made this decision after reviewing, among other things,
current economic and market conditions and the slowing of
spending for and the implementation rate of B2B supply chain
initiatives.

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     As previously announced, the Company received a Nasdaq Staff
Determination on March 27, 2001, that the Company failed to
comply with the minimum bid price requirement for continued
listing set forth in Marketplace Rule 4450(a)(b), and that its
securities were, therefore subject to delisting from The Nasdaq
National Market.  Further, on March 16, the Company received
notification from Nasdaq that it failed to meet the Market Value
of Public Float requirement for continued listing also set forth
in Marketplace Rule 4450(a)(b) and that the Company has until
June 14, 2001 to comply with this requirement.  The Company
requested a hearing before a Nasdaq Listing Qualifications Panel
to review the March 27 Staff Determination, and such hearing was
scheduled for May 11, 2001.  The Company's securities continued
to trade on the Nasdaq National Market pending the outcome of
this hearing.  In light of today's action by the Board of
Directors, the Company is withdrawing its request for a hearing
before the Nasdaq Listing Qualifications Panel.  As a result,
the Company has been informed that it is eligible to trade on
the electronic bulletin board, rather than either the Nasdaq
National Market or SmallCap Systems.  Even with bulletin board
trading, delisting will adversely affect the ability or
willingness of investors to purchase the common stock, which,
in turn, will severely affect the market liquidity of the
Company's securities.

     Effective May 10, 2001, Mr. Kevin Yancy resigned as Chairman
of the Board. The Board accepted his resignation, resolved to
reduce the size of the Board from four members to three, and
elevated current board member Mr. Jonathan Bloch to serve as the
new Chairman of the Board and a Class C Board Member. Mr. David
Bowe, the Company's President and CEO, and Mr. Paul Sherer will
continue as the other members of the Board.

      As a consequence of the recent actions by the Company's
Board of Directors, the annual stockholders' meeting scheduled
for May 31, 2001 has been canceled.  The Company also anticipates
filing an extension with the Securities and Exchange Commission
for the filing of its Form 10-Q so that a report can be prepared
that reflects the prospects of the Company's continuing business.
The Company anticipates filing the Form 10-Q no later than May
21, 2001.

<PAGE>

     THIS RELEASE INCLUDES FORWARD-LOOKING STATEMENTS
     INCLUDING STATEMENTS RELATING TO OUR ABILITY TO
     IMPLEMENT THE BOARD OF DIRECTORS' PLANS TO PRESERVE THE
     ASSETS OF THE COMPANY AND TO SUCCESSFULLY IMPLEMENT A
     FINANCIAL OR STRATEGIC ALTERNATIVE THAT WOULD BENEFIT
     THE COMPANY AND ITS STOCKHOLDERS.  THESE STATEMENTS ARE
     MADE UNDER THE "SAFE HARBOR" PROVISIONS OF THE PRIVATE
     SECURITIES LITIGATION REFORM ACT OF 1995 AND INVOLVE
     RISKS AND UNCERTAINTIES THAT COULD CAUSE ACTUAL RESULTS
     TO DIFFER MATERIALLY FROM THOSE IN THE FORWARD- LOOKING
     STATEMENTS, INCLUDING BUT NOT LIMITED TO, THE
     FOLLOWING: UNCERTAINTIES SURROUNDING THE LISTING  AND
     MARKETABILITY OF OUR SECURITIES; OUR LIMITED OPERATING
     HISTORY; BUSINESS CONDITIONS IN THE SOFTWARE INDUSTRY
     GENERALLY; THE IMPACT OF MARKET COMPETITORS AND THEIR
     PRODUCT AND SERVICE OFFERINGS; AND SUCH OTHER FACTORS
     THAT ARE MORE FULLY DETAILED IN OUR FILINGS WITH THE
     SECURITIES AND EXCHANGE COMMISSION, INCLUDING OUR FORM
     10-K FOR THE FISCAL YEAR ENDED DECEMBER 31, 2000.