Business Editors
LAKE MARY, Fla.--(BUSINESS WIRE)--Feb. 18, 2000
HTE, Inc. (Nasdaq:HTEI), announced today the record date for purposes of the pending rights offering of its subsidiary, DemandStar.com, Inc., will be February 28, 2000. The rights offering provides that HTE shareholders will receive one right for each share of HTE common stock held as of the record date. Each right will entitle the holder to purchase one share of common stock of DemandStar for $1.00. Investors should be aware that generally to be considered a shareholder of HTE common stock as of the record date, an HTE shareholder would have had to acquire HTE shares of common stock on or before February 23, 2000, since it takes three days (the third day being the settlement date) to process an acquisition of publicly traded stock.
A registration statement relating to DemandStar's rights offering and the underlying DemandStar common stock has been filed with the Securities and Exchange Commission, but has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective. This communication shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state.
DemandStar provides internet-based procurement services to local governments.
HTE, Inc. develops, markets, implements and supports fully integrated enterprise-wide software applications designed specifically for public-sector organizations and utilities. With more than 1,600 customers worldwide, HTE is an industry-leading software solutions provider. The company's customers include states, cities, counties, corrections, justice and public safety agencies, public and private utilities, school districts, transit authorities, and other public-sector agencies.
Except for the historical information contained herein, the matters discussed in this news release are forward looking statements that involve risks and uncertainties detailed in HTE's filings with the Securities and Exchange Commission, including risks summarized in HTE's Annual Report on Form 10-K for its fiscal year ended December 31, 1998 (file No. 0-22657). For more information on HTE's products and services, call 407/304-3235 or toll free at 800/727-8088, or visit HTE's web site at www.hteinc.com.

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