MAI Systems Reports Third Quarter

7th Nov 2003

PRNewswire-FirstCall LAKE FOREST, Calif. Nov. 7 :
MAI Systems Corporation (BULLETIN BOARD: MAIY) announced today that its
three-month and nine-month ended September 30, 2003 revenue, net income
(loss), and income (loss) per share from operations were $4.8 million,
$0.1 million, $0.01 and $14.8 million, $0.3 million and $0.02,
respectively. This compares to $5.7 million, $(0.2) million, $(0.01) and
$16.9 million, $0.5 million, $0.04 for the three-month and nine-month
period ended September 30, 2002, respectively.

MAI Chief Executive Officer W. Brian Kretzmer commented, “Our third
quarter revenue, although less than a year ago, produced positive earnings
as we have been very prudent in managing our expenses. There have been
hopeful signs in the lodging industry suggesting that a continued
improvement in the occupancy rate and average room rate will drive
increased capital spending on technology. We remain cautiously optimistic
that this will create greater demand for our products and services from an
industry that has curtailed spending since the tragedy of September 11th.”

About MAI Systems Corporation
MAI Systems is a worldwide provider of total information system solutions
to the hospitality, resort and destination market. Headquartered in Lake
Forest, California, MAI has worldwide offices for sales and service. For
information on the Company`s innovative hospitality solutions, call
1.800.497.0532, or visit or
For further information please contact: W. Brian Kretzmer, Chief Executive
Officer, +1-949-598-6160, [email protected], or James W.
Dolan, Chief Financial Officer, +1-949-598-6404,
[email protected], both of MAI Systems Corporation.

Certain statements in this news release may constitute “forward-looking
statements” within the meaning of the Private Securities Litigation Reform
Act of 1995. Such forward-looking statements involve known and unknown
risks, uncertainties and other factors which may cause the actual results,
performance or achievements of the Company, to be materially different
from any future results, performance, or achievements expressed or implied
by such forward-looking statements. Such factors include, among others,
declining economic conditions, including a slowdown or recession; future
terrorist activities affecting the hospitality industry; the Company`s
ability to retain and increase revenue from existing clients and to
execute agreements with new clients; the successful implementation of
strategic relationships with other vendors and service providers; the
competitive nature of the market for our software products and services;
rapid technological change in the software industry and possible delays in
development or shipment of new versions of key product lines; the
Company`s ability to attract and retain qualified technical and management
personnel; inability to control costs; changes in our product pricing;
changes in business strategy or development plans; and other factors set
forth in the Company`s Annual Report on Form 10-K for the year ended
December 31, 2002 and other interim reports filed from time to time with
the Securities and Exchange Commission. Actual results, events and
performance may differ materially. Readers are cautioned not to place
undue reliance on these forward-looking statements, which speak only as of
the date hereof. The Company undertakes no obligation to release publicly
the results of any revisions to these forward-looking statements that may
be made to reflect events or circumstances after the date hereof or to
reflect the occurrence of unanticipated events.


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