ECTY - E-City Software (ECTY)

[jmhollen]

E-City Software CEO Confirms 2002 Earnings Projections, Answers Investor Questions in Open Letter to Shareholders

SEATTLE, Feb 5, 2002 (BUSINESS WIRE) -- E-City Software, Inc. (E-City) (OTCBB:ECTY) announced today that its CEO Anis Jessa had drafted an open letter to shareholders available for viewing on the company's website http://www.ecitysoftware.com.

The letter details company forecasts for the year ahead and responds to questions from investors.

The letter confirms E-City's previously issued earnings estimates of $0.17 per share (pre-dividend) or $0.085 (post-dividend) for the fiscal year end March 31, 2002 and $0.75 per share (pre-dividend) and $0.375 (post-dividend) for the calendar year ending December 31, 2002. The letter also forecasts significant anticipated developments over the next 120 days and beyond. The letter is available for viewing or download on the E-City Software website at http://www.ecitysoftware.com.

E-City Software, Inc. (OTCBB:ECTY) is a developer of interactive maps for cities around the world. E-City sells its products to customers on the basis of both annual licensing fees and revenue share arrangements.

E-City distributes its products directly to its customers, through arrangements with strategic partners and through its network of distributors and value added resellers. For more information about E-City Software or its products, please visit our website at www.ecitysoftware.com.

CONTACT: E-City Software, Inc. Anis Jessa, 206/624-8070 or Brokers and Analysts Contact: Columbia Financial Group 888/301-6271