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Systems Xcellence Announces license sales and aSP renewals valued at US$1.0 million

- Company's New Pharmacy Management System Garners Positive Market Response -

MILTON, ON, January 23, 2002 -- Systems Xcellence Inc. (TSE: SXC), a leading provider of healthcare information technology solutions throughout the pharmaceutical supply chain, today announced several new contract awards and renewals totalling US$1.0 million. 

The contracts consist of six new licensed software contracts totalling US$600,000, and two contract renewals of existing Application Service Provider (ASP) contracts totalling US$400,000.  

"SXC is delighted to see such a positive market response to our recently launched RxEXPRESS® for Windows®," said Company CEO Gordon Glenn. "Moreover, our strategy of generating higher revenue percentages from recurring sources is taking hold and helping us achieve improved financial stability through more predictable cash flows." 

The licensed software contracts pertain to the Company's RxEXPRESS product line and include two contracts for the Company's recently released RxEXPRESS® for Windows® pharmacy management product. These contracts generally consist of an initial license plus related maintenance and consulting fees. The US$400,000 ASP contracts will be recognized over a two-year period and relate to the Company's RxCLAIM® and RxTRACKTM product lines.  

RxEXPRESS for Windows is a next-generation, fully integrated, Windows 2000/XP compatible system, targeting independent as well as large pharmacy chains. RxEXPRESS for Windows facilitates the ability of pharmacies to manage various workflow tasks, from inventory management, to drug dispensing, billing and payment, claims management and corporate headquarters interfacing. 

The RxCLAIM product suite is designed to enable payers of pharmacy services, such as health care plans, adjudicate third-party prescription claims on-line at the point-of-service. In conjunction with RxCLAIM, RxTRACK provides a highly versatile reporting and business intelligence mechanism for clients. Both RxCLAIM and RxTRACK are available in licensed software or ASP product offerings. 

About Systems Xcellence Inc.

Systems Xcellence (SXC) is headquartered in Milton, Ontario with offices and processing centres in Lombard, Illinois, Scottsdale, Arizona and Victoria, British Columbia.  SXC is a leading provider of healthcare information technology solutions and services to the healthcare benefits management industry. The company's product offerings and solutions combine a wide range of software applications, application service provider (ASP) processing services and professional services, designed for many of the largest organizations in the pharmaceutical supply chain, such as pharmacy benefit managers, managed care organizations, retail pharmacy chains and other healthcare intermediaries. 

 The company's products offer its customers comprehensive pharmacy benefits management, claims switching and processing, drug dispensing, data warehousing and analysis, and rebate contract management systems. SXC delivers these solutions to its customers as software products bundled with systems implementation and consulting services, or on an ASP basis from its data centres in Scottsdale, Arizona and Lombard, Illinois. The Company's shares are traded on the Toronto Stock Exchange under the symbol SXC. 

 

Irwin Studen

Dave Mason

Chief Financial Officer

Investor Relations

Systems Xcellence

Equicom Group

Tel: (905) 876-4741

Tel: (416) 815-0700 x237

Fax: (905) 876-4447

Fax: (416) 815-0080

Email: investors@sx.com

dmason@equicomgroup.com
www.investorlook.com