Apollo Gold Deploys Datastream 7i Across Gold Mines and Corporate Headquarters

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Apollo Gold Deploys Datastream 7i Across Gold Mines and Corporate Headquarters

Business Editors

GREENVILLE, S.C.--(BUSINESS WIRE)--Feb. 24, 2003--

Gold Mining Company Using Datastream 7i(TM) to Manage Assets and Improve
Operational Efficiency at Multiple U.S. Sites

Datastream Systems, Inc. (NASDAQ: DSTM) today announced that Apollo Gold
Corporation is deploying the Datastream 7i Web-architected enterprise asset
management (EAM) solution to manage its fleet and equipment across three
Apollo Gold is a mining company that produces approximately 200,000 ounces
of gold each year. The company is deploying Datastream 7i at the Montana
Tunnels mining operation in Montana, the Florida Canyon Gold Mines in Nevada
and at its executive offices in Denver, Colo., as part of an initiative to
automate its maintenance processes, reduce equipment downtime and improve the
productivity of its mining operations.
Apollo Gold is a 24-hour-a-day operation and the company relies on a wide
range of assets. These include mobile mine fleets - such as trucks, excavators,
dozers and graders - and technical process equipment, including grinding
equipment and gold-extracting plant equipment. To optimize revenue, the
company's equipment must operate at peak efficiency at all hours. Apollo Gold
is using Datastream 7i to achieve maximum efficiency by scheduling preventive
maintenance to prevent equipment breakdowns and by scheduling downtime so it
does not disrupt operations. Apollo Gold will also use the system to automate
the work order process, track warranties and process warranty claims.
"We need to operate 24 hours a day, so any unscheduled equipment downtime
directly impacts our ability to mine gold, resulting in lost revenue," said
Llee Chapman, chief financial officer of Apollo Gold. "We are using Datastream
7i to manage the maintenance process, resulting in more efficient operations.
We also plan to save money by being able to track warranties more efficiently."
Apollo Gold uses Datastream 7i's Web architecture to manage its mines at
multiple locations under a single EAM application. This capability supports the
company's goal to standardize maintenance operations across sites, creating a
more efficient enterprise.
"Datastream is now working with mining companies from Colorado to China,
and Apollo Gold is a classic example of how these companies can use Datastream
7i to streamline their maintenance processes," said Larry Blackwell, chief
executive officer of Datastream. "These companies are heavily asset-intensive,
which means that equipment uptime is critical to their overall productivity.
Mining companies can use Datastream 7i to optimize uptime for both fixed and
mobile assets, which can deliver bottom line results from both increased
productivity and reduced operating expenses."

About Datastream Systems, Inc.

Datastream Systems, Inc. (NASDAQ: DSTM) provides enterprise asset
management (EAM) software, automated procurement and supporting services to
organizations worldwide, including more than 60 percent of the Fortune 500.
Customers rely on Datastream's products and services to drive down operating
costs and improve productivity through better management of capital assets.
Datastream's flagship product, Datastream 7i, was the first product in its
class to combine an Internet architecture with broad EAM functionality.
Datastream 7i integrates with the company's iProcure industrial procurement
network to provide customers with a complete EAM solution that maximizes return
on investment in capital assets, while minimizing the total cost of application
ownership. Datastream was founded in 1986 and has customers in more than 140
countries. For more information, please visit www.datastream.net.

Datastream, Datastream 7i and iProcure are marks of Datastream Systems,
Inc. or its subsidiaries. All other products or Company names mentioned are
used for identification purposes only and may be trademarks of their respective

This press release contains forward-looking statements that involve a
number of risks and uncertainties. Factors that could cause actual results to
differ materially include, but are not limited to: increasing competition in
the markets in which the Company competes; the stability of certain of the
Company's strategic relationships, including those with suppliers of
maintenance, repair and operations parts; the ability of the Company to: sell
larger and more complex software solutions, successfully transition to the
development of further Internet-based products, successfully implement an
application service provider business model , enhance its current products and
develop new products that address technological and market developments; and
other risk factors listed from time to time in the Company's SEC reports,
including, but not limited to the "Risk Factors" contained in the Company's
Report on Form 10-K for the fiscal year ended December 31, 2001. The Company
does not have, and expressly disclaims, any obligation to release publicly any
updates or any changes in the Company's expectations or any changes in events,
conditions or circumstances on which any forward-looking statement is based.


CONTACT: Datastream Systems, Inc.
Lisa Anderson, 864/422-5464
[email protected]
SparkSource, Inc.
Andy Murphy, 781/274-6061
[email protected]

SOURCE: Datastream Systems, Inc.

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