Houston, Texas – March 4, 2003 — PROS Revenue Management, a world leader in pricing and revenue optimization science and the pioneer and dominant provider of pricing and revenue optimization to the airline and other industries, today announced strong 2002 financial results in spite of the tragic events of September 11, 2001 and a weak economy. PROS' revenue for the year was $34 million. PROS had an operating profit in each quarter of 2002 and now has a record of 16 straight quarters of profitability. PROS year-end backlog of firm contracts is up 18% over the prior year. Profits, along with increased positive cash flow, enhanced PROS' strong balance sheet.

"PROS has had remarkable success with our products and customer satisfaction this year," says Bert Winemiller, Chairman and CEO of PROS Revenue Management. "We maintain our commitment to leadership in revenue optimization for the airline industry. Our goal is to be the clear leader in the new Pricing Revenue Optimization - PRO category. Our financial performance of revenues, profitability, and positive cash flow will enable PROS to maintain its commitment to achieving this goal, deliver its new products, and provide high value solutions to our customers."

Major milestones of 2002 include:

• PROS had successful PRO Projects with prominent companies in the airline, energy, healthcare, hospitality, broadcast, rail, cargo, petroleum, and auto rental industries
  
  
• The PROS Products delivered to these new industries include the following Systems:

PROS Hotel Revenue Optimization	PROS Trading Optimization
PROS Hospital Optimization	PROS Pipeline Optimization
PROS Pricing Optimization	PROS Park and Loan Optimization
PROS Broadcast Revenue Optimization	PROS Rail Revenue Optimization

• In the airline industry, PROS completed the installation of 25 products including the following Systems:

PROS 5 Revenue Management	PROS O&D Bid Price
PROS Group Revenue Management	PROS Network Analysis

• PROS delivered the following components of the state-of-the-art PNR-based Network Optimization O&D Product:

Data Loaders	Availability Broker
Forecaster	P5 Bridge
Network Optimizer	G5 Bridge
Fare Forecaster	Performance Measurement

• PROS state-of-the-art architecture platform for forecasting, optimization, and pricing continues to be enhanced enabling PROS to quickly deliver new products in new industries with proven success
  
  
• Industry leaders convened for the 9th Annual PROS Pricing and Revenue Optimization Conference in September. Nearly 300 representatives from 90 organizations attended the event, further establishing it as the largest revenue management conference in the world
  
  
• As a result of the events of September 11 and a weakened economy, PROS strengthened our customer relationships by assisting airlines with science-based analytics to modify networks, revise schedules, and to implement new pricing strategies. PROS configurable application architecture quickly adapted to the new demand levels and new
  market dynamics
  
  
• PROS continued its commitment to Total Client Satisfaction through CEO Audits, Business Process Improvement, and Shadow Management Professional Services

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Corporate Communications
PROS
info@prospricing.com
713-335-5151