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MAPICS Tops List Of Georgia Companies For Return On Equity; 10th Annual Georgia 100 Ranks MAPICS 15th Overall Among Best-Performing Companies

    ATLANTA--May 21, 2003--MAPICS, Inc. , the largest global provider of extended ERP, CRM and SCM solutions committed exclusively to solving the unique challenges of manufacturers, today announced that the Atlanta Journal-Constitution and PricewaterhouseCoopers have named it to the 10th annual Georgia 100, a compilation of top-performing Georgia-based companies.
    MAPICS ranked 15th overall, and first in return on equity, which was measured at 184.95%.
    The rankings were based on public financial information, which was calculated by accountants in the Atlanta office of PricewaterhouseCoopers and verified by the included companies. The specific selection criteria and ranking weight included:


    --  Total revenue                       10%
    --  Year over year growth               15%
    --  Improvement in profit margin        15%
    --  Return on equity                    30%
    --  Total return on investment          30%


    According to the Atlanta Journal-Constitution, "The Georgia 100 is intended to be a measure of overall business performance, how a company's executives managed their resources in the economic climate of the time." The report goes on to say that its objective is to "measure performance based on a variety of variables, including what happens in the stock market."
    MAPICS received similar recognition in late 2002, ranking in the top five of Forbes' 200 Best Small Companies List for average five-year return on equity.
    "Our dedication to delivering real-value solutions that create world-class manufacturers and our sound financial strategy have enabled MAPICS to provide exceptional return on equity over the past several years," said Dick Cook, president and chief executive officer of MAPICS. "Despite a challenging economic climate, we've been able to generate many quarters of operating profit and maintain a strong cash position. This solid performance and our financial stability gave us the flexibility to pursue investment opportunities such as our recent acquisition of Frontstep. Now, as the largest global enterprise solutions provider focused exclusively on manufacturing, we can leverage our size and financial strength to continue this positive growth."

    About MAPICS

    MAPICS is the largest global solutions provider focused exclusively on manufacturing. Building on more than 25 years of industry experience and proven success, MAPICS helps manufacturers be world class by gaining market share, operating at peak efficiency, and exceeding customer expectations. MAPICS solutions include software--extended ERP, CRM, and supply chain management--and professional services. The solutions are implemented on the two industry-leading technology platforms--Microsoft and IBM.
    Headquartered in Atlanta, MAPICS has implemented solutions in more than 10,000 customer sites in more than 70 countries. For more information, visit www.mapics.com.
    MAPICS is a trademark of MAPICS, Inc.
    Other brand and product names may be trademarks of their respective owners.
    Editor's Note: The correct usage of the MAPICS name is all capitals.
    Statements in this press release or otherwise attributable to the Company regarding the Company's business which are not historical facts are forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Words such as "dedication," "strategy," "generate," "maintain," "leverage," "continue" and similar expressions are intended to identify such forward-looking statements. These forward-looking statements are not guarantees of performance and are inherently subject to risks and uncertainties, none of which can be predicted or anticipated. Many factors could cause the Company's actual results to differ materially from those expressed in the forward-looking statements made by or on behalf of the Company including, without limitation, relationships with our customers and business partners, our ability to successfully integrate acquired operation, the effect of fluctuations in the economy, the availability of capital, the impact of competitive products and services, the availability of qualified resources, the ability to develop and enhance products, and other risks detailed in the Company's Annual Report on Form 10K and other filings with the SEC. The company undertakes no obligation to revise or publicly update these forward-looking statements, whether as a result of new information or otherwise.