ASTAWARE ISSUANCE OF INCENTIVE STOCK OPTIONS

Toronto, Ontario, Canada - January 14, 2000 -

ASTAware Technologies INC. ("ASTAware "/ the "Company") announces that it has granted incentive stock options to purchase an aggregate of 950,000 shares of ASTAware to certain directors, senior officers and employees of ASTAware at an exercise price of $0.21 per share. All shares issuable on exercise of the stock options will be subject to a four month hold period from the date the stock options were granted. The issuance of the stock options is subject to the approval of the Canadian Venture Exchange.

ASTAware is a leading developer of Y2K compliant, index, search and retrieval software with a suite of Java-based API, website, intranet and CD-ROM products. ASTAware’s current licensees include IBM, Lockheed Martin Tactical Systems (UK), Siemens Telecom Networks, Silicon Graphics, Sun Microsystems and Transport Canada and the Company presently provides Information Management Solutions including database conversion and archiving to Ontario Hydro and Rogers Media, to name but a few. For more information on ASTAware’s products and services, contact the company at its websites: http://www.astaware.com, http://www.searchkey.com, or e-mail: ejewell@astaware.com.