CHICAGO, 20-June-2002 - Maxim Revenue Management Solutions (MaximRMS), a global leader in advanced Revenue and Profit optimization systems for the hospitality industry, and the provider of the maxim® Revenue Management system, today announced the release of two revolutionary new Revenue Management Solutions: maxim Flex and maxim e.FLEX.

maxim Flex is a flexible, modular product that will allow hotels to "mix and match" all features that they might need for their specific operating environments or profit optimization needs. maxim Flex based on the same patented Marginal Value Engine (MVE™) technology as maxim, and includes core product features such as the most advanced transient forecasting and optimization, and availability recommendations for every combination of rate, room type, arrival date and length of stay. maxim Flex also offers the following "add-on" modules:

• Group Forecasting
• Group and Contract Evaluation
• Intra-day Optimization
• Performance Audits and Benefit Measurement
• Extended Reporting Capabilities
• Process and System Monitoring
• Pricing Decision Support
• Budgeting Decision Support.

All modules seamlessly interlock with each other, and maxim Flex offers full integration with all major Property Management, Central Reservations and Global Distribution Systems.

maxim e.FLEX offers the modular convenience of maxim Flex delivered securely across the Internet. Customers can choose their specific modules from maxim Flex and have secure access through a web-based interface. Various secure hosting options are available for maxim e.FLEX and it can operate through a Corporate WAN or VPN.

According to Steve Gelb, managing director of MaximRMS: "The release of these two new products reflects our commitment to provide the maximum returns to all our customers at affordable prices. The possibilities offered by maxim Flex and maxim e.FLEX are endless, and will fit every operating environment, capital and operating budget and hotel type. We believe that these two products will revolutionize the delivery of Revenue Management Solutions to the Hospitality industry."

About Maxim Revenue Management Solutions (MaximRMS)
MaximRMS is a pioneer in the field of computerized revenue management. The founder of MaximRMS led the team that performed groundbreaking research in the early-1980’s in mathematical forecasting and optimization to develop the very first revenue management system. That same group of experts joined forces to create maxim for the hospitality industry. Through its patented Marginal Value Engine (MVE™) maxim is the only Revenue Management System that offers Profit Optimization for the global hospitality industry. maxim forecasts and optimizes the net profit contribution from every future reservation and guest stay. Through the creation of a global hospitality alliance with best in breed Revenue Management companies around the world, MaximRMS stands poised to be the global leader in Revenue Management products and services for the Hospitality Industry. Offering the most sophisticated portfolio of Revenue Management tools available anywhere today, including group forecasting and management, contract and RFP evaluation, pricing, Intra-day optimization and 24/7 OnDemandSupport™, maxim is compatible with all PMS, CRS, GDS and Internet distribution channels. With the introduction of the new, exciting, customer-driven maxim Flex and maxim e.FLEX systems, MaximRMS offers the ultimate in implementation flexibility along with the best ROI - and that's the Bottom Line!! Please visit www.MaximRMS.com for more information.