Nasdaq Gives Intraware Six Months, Extendable to One Year, to Regain C

    Business Editors/High-Tech Editors

    ORINDA, Calif.--(BUSINESS WIRE)--March 1, 2005--Intraware, Inc. (Nasdaq:ITRA), the leading provider of electronic software delivery and management (ESDM) services, today announced that it has received a letter from The Nasdaq Stock Market advising that the company has six months, extendable by an additional six months, to regain compliance with The Nasdaq SmallCap Market's $1.00 minimum bid price rule. If the company does not regain compliance within the allotted period, Nasdaq will send it a delisting notice. In that event, Intraware will be able to appeal any delisting notice to a Nasdaq Listing Qualifications Panel.
    Intraware received the letter from Nasdaq because, for 30 consecutive business days, the bid price of Intraware's common stock had closed below the minimum $1.00 per share required for continued listing under NASD Marketplace Rules. If, at any time before August 22, 2005, the bid price of the company's common stock closes at $1.00 per share or more for a minimum of 10 consecutive business days, Nasdaq will notify the company that it complies with the Rule. If Intraware does not regain compliance by August 22, 2005, it may be granted an additional 180-day period (until February 22, 2006) to regain compliance if it meets The Nasdaq SmallCap Market initial listing criteria other than the minimum bid price requirement. If Intraware does not regain compliance within the allotted compliance period (including any extensions that may be granted by Nasdaq), Nasdaq staff will notify the company that its common stock will be delisted from The Nasdaq SmallCap Market. The Company would then be entitled to appeal the staff's determination to a Nasdaq Listing Qualifications Panel.
    The Company is currently reviewing what actions it should take to regain compliance with the $1.00 minimum bid price requirement.

    About Intraware

    Intraware, Inc. is the provider of electronic software delivery and management services that enable technology companies to manage complex customer entitlements, enhance visibility of customer activity and accelerate profits. The Intraware SubscribeNet(R) service (patent pending) is a Web-based delivery and support solution that enables technology companies to deliver, track and manage the software, licenses and other digital content they distribute to their global customer bases. Intraware's digital delivery and management solutions power business-to-business technology providers including Progress Software Inc., Xilinx Inc., EMC Documentum Inc., PeopleSoft Inc., RSA Security Inc. and McKesson. Intraware is headquartered in Orinda, California and can be reached at 888-797-9773 or http://www.intraware.com.

    (C) 2005 Intraware, Inc. Intraware and SubscribeNet are registered trademarks of Intraware, Inc. Any other company or product names mentioned herein are the trademarks of their respective owners.

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CONTACT: Intraware, Inc. Roman Reznicek, 925-253-4545 ir@intraware.com

KEYWORD: CALIFORNIA INDUSTRY KEYWORD: HARDWARE SOFTWARE NETWORKING INTERNET E-COMMERCE SOURCE: Intraware, Inc.

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