CARNEGIE, PA -- June 27, 2003 -- NeuralWare, the leading provider of neural network software for the development and deployment of innovative and intelligent business analytics solutions, is pleased to announce Predict 3 has been named a finalist in the Scientific Computing & Instrumentation™ 2003 Readers' Choice Awards! The award was in the Neural Network/AI category. Additional information is available at www.scimag.com.

   NeuralWorks Predict is a unique integrated, state-of-the-art platform for rapidly creating and deploying prediction, classification and clustering models for business intelligence applications. Predict combines neural network technology with genetic algorithms, statistics, and fuzzy logic to automatically find optimal or near-optimal solutions for a wide range of problems. Predict incorporates years of modeling and analysis experience gained from working with customers faced with a wide variety of data mining, analysis and interpretation problems.

   While retaining its power and flexibility to quickly construct robust neural networks without having in-depth knowledge of the underlying technology, Predict 3 represented a complete upgrade of its intuitive user interface. All command and parameter views follow a property page paradigm, with related features and functions collected in easily identified pages.

   Also new in Predict 3 is a Kohonen Self Organizing Map (SOM) that allows development of sophisticated models that group data records sharing similar trends or patterns. Jack Copper, NeuralWare's CEO, says "the ability to 'cluster' data patterns has opened Predict to a wide range of new applications. It also will improve existing applications by providing the ability to pre-process and group data patterns together prior to building specific prediction or classification models. We are excited about version 3 of Predict because it is the foundation for our next generation of advanced technology software."

   Neuralware's 2.41 version was named a finalist in the Readers Choice awards for 2002.

   Additional information on Predict is available on the web at www.neuralware.com. A downloadable evaluation version is available on the website.

Corporate Overview
   Founded in 1987, NeuralWare provides sophisticated neural network software solutions for the commercial, scientific, industrial, academic and government communities. NeuralWare products are used in a wide variety of industries, including power generation, pulp and paper, food and beverage, chemical processing, marine, materials processing, medical, financial, targeted marketing, credit, and securities. With its headquarters in Carnegie, Pennsylvania, NeuralWare sells software directly and works through a network of distributors, VARs and systems integrators worldwide.

Contact: John Wavle
   412-278-6288
   Email: john.wavle@neuralware.com