FOR MORE INFORMATION CONTACT:  

 				Kimra Hawley, Chairman

 (408) 325-3800 

khawley@actionpoint.com

Steve Francis, President & CEO

 (408) 325-3800

sfrancis@actionpoint.com

John Finegan, CFO

(408) 325-3311

jfinegan@actionpoint.com

Charles Messman

Todd Kehrli

MKR Group, LLC

(310) 451-7713

cmessman@mkr-group.com

tkehrli@mkr-group.com

 

ACTIONPOINT NAMES STEVE FRANCIS PRESIDENT AND CEO; 

KIMRA HAWLEY BECOMES CHAIRMAN

SAN JOSE, Calif., Monday, June 4, 2001 - ActionPoint, Inc. (Nasdaq:ACTP), leading provider of information capture solutions, today announced thatSteve Francis has been elected president and chief executive officer, succeedingKimra Hawley, who becomes chairman of the board. 

"ActionPoint is now focused on our core business, information capture,where we are the market leader," said Kimra Hawley, ActionPoint's chairman."I've led this business from the `diagram on the napkin' stage to over$25M in revenue. We have a strong balance sheet; proven products; and a largecustomer base including organizations such as Blue Cross Blue Shield, ColgatePalmolive, GE, Merrill Lynch, Prudential, U.S. Patent and Trade Office, andVolkswagen. Now it's time for me to step back, take a break, and bring intalented new leadership to take the business forward."

"Steve is an eighteen year veteran of the information capture industry -he knows the business," continued Hawley. "During his seven years withActionPoint Steve has built and managed our highly profitable software toolsdivision, Pixel Translations. In addition to his role as General Manager of thisdivision, he has concurrently served as Vice President of Business Developmentand Product Strategy for the entire company. I can't imagine a better person forthe job. Steve has the operational experience, industry knowledge, and thevision to drive the company forward and to help ActionPoint realize its long-term potential for growth and profitability."

"In my role as non-executive board chairman I look forward to workingwith the ActionPoint team on long-term direction, strategic customerrelationships, and critical industry partnerships," concluded Hawley. 

 

"I'm excited about the opportunity to lead ActionPoint during our nextphase of growth," said Francis. "Although doing business on theinternet is an attractive idea, the reality is that the vast majority ofinformation continues to flow on paper documents or faxes. Our products solvethe real world problem large organizations face today - getting all thatinformation into a format that their computer systems can understand anduse."

 "We are well positioned to capitalize on these market dynamics, withproven technology, a solid customer reference base, and an experienced team ofdedicated employees," continued Francis. "I am committed to growingthe business and delivering value for ActionPoint's customers andshareholders." 

Francis joined ActionPoint in 1994 following the company's acquisition ofPixel Translations, where he was co-founder. He was promoted to General Managerin 1997, and assumed the additional role of Vice President for BusinessDevelopment and Product Strategy in 1999. Prior to joining Pixel Translations,Francis held engineering and marketing management positions at CaleraRecognition Systems, now part of ScanSoft, a developer of recognition software.He holds a BS in Electrical Engineering/Computers with honors from StanfordUniversity.

Along with his appointment to the position of CEO, Francis is expected to beelected to the board of directors at the next scheduled board meeting.

Corporate Conference Call

ActionPoint will host a conference call tomorrow, June 5, 2001, at 2:00pm Pacific Daylight Time to discuss the election of Steve Francis to presidentand CEO. The conference call can be accessed by dialing 888-740-3572approximately 10 minutes prior to start time. A live webcast of the ActionPointconference call can be accessed at http://www.actionpoint.com. In addition, areplay of the call will be available following the conference call and can beaccessed through the company's Investor Relations Web site athttp://www.actionpoint.com.  A replay of the conference call can be accessed for48 hours after the call by calling (800) 633-8284, reservation No. 19053199.

About ActionPoint 

ActionPoint, Inc. (NASDAQ: ACTP), develops and markets software productsthat transform traditional business documents -- such as paper documents, faxes,and microfiche -- into digital content compatible with enterprise computingsystems and the Internet. Its award winning products, ActionPoint EnterpriseServer 3.0Ô and Input*AccelÒ*, are the most comprehensive capture solutions on the market, incorporatingXML and advanced forms processing technology. Today, over 300 Global 2000organizations use ActionPoint's products to cut costs, improve customer service,and increase productivity. For more information, visit the company's Web site athttp://www.actionpoint.com.

ActionPoint, the ActionPoint logo, ActionPoint EnterpriseServer, and InputAccel are trademarks, or registered trademarks, of ActionPoint,Inc.  All other trademarks or registered trademarks are the property of theirrespective owners.

Please note: Private Securities Litigation Reform Act of 1995provides a "safe harbor" for forward-looking statements.  Certaininformation included in this news release (as well as information in oralstatements or other written statements made or to be made by ActionPoint, Inc.)contain statements that are forward-looking, such as statements relating to thefuture anticipated direction of the futures and securities industry, plans forfuture expansion, various business development activities, planned capitalexpenditures, anticipated sales, potential contracts, dependence on existingmanagement, domestic and global economic conditions, changes in federal or statelaws, and market competition factors.  Such forward-looking information involvesimportant risks and uncertainties that could significantly affect anticipatedresults in the future, and accordingly, such results may differ from thoseexpressed in any forward-looking statements made by or on behalf of ActionPoint,Inc.

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