NexPrise, Inc. Announces Filing of Form 15 to Deregister With the Securities and Exchange Commission

NexPrise, Inc. Announces Filing of Form 15 to Deregister With the
Securities and Exchange Commission 


CARLSBAD, Calif., March 28  /PRNewswire-FirstCall/ -- NexPrise, Inc.
(OTC:NXPS.OB) (BULLETIN BOARD: NXPS.OB) , a provider of business process
automation and management applications, today announced that it has filed a
Form 15 with the Securities and Exchange Commission (the "SEC") to voluntarily
deregister its common stock, par value $0.0002 per share, and its convertible
subordinated notes due 2007 under the Securities Exchange Act of 1934, as
amended (the "Exchange Act").

Upon the filing of the Form 15, NexPrise's obligation to file certain reports
with the SEC, including Forms 10-K, 10-Q, and 8K, will immediately be
suspended.  NexPrise expects that the deregistration of its common stock and
convertible subordinated notes will become effective 90 days after the date of
filing of the Form 15 with the SEC.  Thereafter, NexPrise will no longer be
subject to the SEC's public reporting requirements.

NexPrise's CEO Ted Drysdale explained, "We have carefully evaluated the
advantages and disadvantages to the Company of continuing registration. In
light of the dramatically increasing costs, including the SOX compliance and
administrative burdens associated with being a public company, our Board has
determined that deregistering will result in significant cost reductions and
enable management to focus more of its time and resources on operating the
Company to enhance value for all of our stakeholders."

About NexPrise

NexPrise, Inc., provides business process automation and management
applications that can enable manufacturers to rapidly automate and manage key
business processes and produce a return on investment in less than 6 months.
These solutions complement and expand on currently installed enterprise systems
and allow for the ongoing process improvements companies require to meet their
changing business demands. NexPrise, Inc. is headquartered in Carlsbad,
California. For more information, please visit http://www.nexprise.com/.

Safe Harbor Statement

This press release contains "forward-looking" statements, as that term is used
in Section 21E of the Securities Exchange Act of 1934, about NexPrise, Inc.
Forward-looking statements are denoted by such words as "will result in",
"enable", or "to enhance" and similar terms and phrases. These types of
statements address matters that are subject to risks and uncertainties, which
could cause actual results to differ materially. Factors that could cause or
contribute to such differences include, but are not limited to, NexPrise's
ability to collect revenues associated with such contracts and its ability to
continue to generate business from new contracts. In addition, our
forward-looking statements should be considered in the context of other risk
factors discussed in our filings with the Securities and Exchange Commission,
including but not limited to our  Form 10-K and 10-Q filings, available online
at http://www.sec.gov/. All forward-looking statements are based on information
available to the company on the date hereof, and the company assumes no
obligation to update such statements. 

DATASOURCE: NexPrise, Inc.



CONTACT:  investors, Ted Drysdale of NexPrise, Inc., [phone], or





Web site:  http://www.nexprise.com/

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