Shares Priced at $13 Per Share ---------------------------------------------------------------------- SAN DIEGO--(BUSINESS WIRE)--May 20, 1999--Newgen Results Corporation (Nasdaq:NWGN) today announced that its initial public offering of 3,725,000 shares of common stock has been priced at $13 per share. Newgen Results Corporation will commence trading on the Nasdaq National Market under the symbol "NWGN" on May 21, 1999. Of the 3,725,000 shares offered, 2,724,370 shares are being sold by Newgen Results Corporation and 1,000,630 shares are being sold by selling stockholders. Newgen will not receive any of the proceeds from the sale of shares by the selling stockholders. Newgen Results Corporation's initial public offering was led by Hambrecht & Quist with BancBoston Robertson Stephens Inc. and Dain Rauscher Wessels acting as co-managers. The underwriters will have a 30-day option to purchase up to 558,750 additional shares of common stock from the company solely to cover over-allotments, if any. Newgen is a leading provider of customized, outsourced database management, direct marketing and related services for automobile dealerships' service departments and automobile manufacturers. Newgen combines its expertise in database marketing and customer retention services, its focus on customer service and its in-depth knowledge of service department operations to provide highly targeted and customized solutions. Since the beginning of 1996, Newgen has grown its customer base from 177 to over 2,092 dealerships and currently it solicits almost five million dealership customers. Newgen's services are designed to attract more service customers to dealerships from the dealerships' customer base; increase dealership revenues per customer; promote customer loyalty and increase customer satisfaction; differentiate the dealership from its competition through improved operations; and provide the benefits of a safer vehicle with an increased resale value. A prospectus relating to these securities may be obtained from Hambrecht & Quist, 415/439-3423, One Bush Street, San Francisco, CA 94104; BancBoston Robertson Stephens Inc., 415/781-9700, 555 California Street, Suite 2600, San Francisco, CA 94104 and Dain Rauscher Wessels, a division of Dain Rauscher Incorporated, 612/373-1904, 60 South Sixth Street, Minneapolis, MN 55402. This press release 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 the registration or qualification under the securities laws of any such state.  