CORRECTING and REPLACING Retek Sets Date and Time for Fourth Quarter 2

    Business Editors
    CORRECTION...by Retek

    MINNEAPOLIS--(BUSINESS WIRE)--Jan. 11, 2005--In BW5776 issued Jan. 11, 2005: Headline of release should read: Retek Sets Date and Time for Fourth Quarter 2004 Financial Results (sted Retek Sets Date and Time for Third Quarter 2004 Financial Results).

    The corrected release reads:

    RETEK SETS DATE AND TIME FOR FOURTH QUARTER 2004 FINANCIAL RESULTS

    Retek Inc. (NASDAQ:RETK), announced today that it plans to release financial results for its fiscal fourth quarter before the open of regular market trading on Thursday, January 27, 2005. The company will host a conference call at 11:00 a.m. Eastern Standard Time (EST) on January 27, 2005, to discuss its fourth quarter and full year 2004 results. The company also plans to give guidance for the first quarter of 2005. The call will feature remarks by Marty Leestma, president and chief executive officer, and Greg Effertz, chief financial officer.
    A live broadcast of the conference call may be heard inside the United States or Canada by dialing 877-248-9413, pass code 3308982, or internationally by calling 706-679-0742, pass code 3308982. The call is also available via webcast, which can be accessed on the Investor Relations section of Retek's corporate Web site. A replay of the call will be available for one week beginning at 5:45 p.m. EST on January 27, 2005, and can be accessed inside the United States or Canada by dialing 800-642-1687, or internationally by calling 706-645-9291, reservation number 3308982. Additionally, a webcast replay of the call will be archived on the company's corporate Web site.

    About Retek, Inc.

    Founded in 1986, Retek Inc. (Nasdaq:RETK) is the leading worldwide provider of mission-critical software and services to the retail industry. Retek's goal is to make our customers the most successful retailers in the world. Retek solutions integrate collaborative software with patented predictive technologies, consulting services and the best practices of customers and partners to help retailers create, manage and fulfill consumer demand. Retek solutions can be deployed individually to meet specific business needs, or as part of a scalable and fully integrated, end-to-end solution. The primary software solutions consist of six integrated, but independently deployable groups of products - Merchandise Operations Management, Store & Multi-Channel Retailing, Supply Chain Planning & Optimization, Supply Chain Execution, Merchandise Planning & Optimization and Demand Planning. Leading global retailers including Tesco, Best Buy, Gap Inc., Sainsbury's and Selfridges use Retek solutions.

    Visit Retek on the Web at www.retek.com.

    Retek is a trademark of Retek Inc. Other names may be trademarks of their respective owners. Forward-looking statements contained in this press release are made under the Safe Harbor Provision of the Private Securities Litigation Reform Act of 1995. Any such statements are subject to risks and uncertainties that could cause actual results to differ materially from those anticipated. Such factors are described from time to time in the company's Annual Report on Form 10-K and other reports filed with the Securities and Exchange Commission.

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CONTACT: Retek Inc., Minneapolis Media Relations Contact: Salena Gallo, 612-587-2522 salena.gallo@retek.com or Investor Relations Contact: Al Galgano, 612-587-2485 al.galgano@retek.com

KEYWORD: MINNESOTA INDUSTRY KEYWORD: HARDWARE SUPERMARKETS SOFTWARE FOODS/BEVERAGES RETAIL EARNINGS CONFERENCE CALLS SOURCE: Retek Inc.

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