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Pizi to Provide Leadership for Cicero Technology
Kilman Transitions to Chief Strategic Officer to Focus on Future Growth
Steven Dmiszewicki Elected Chief Executive Officer

CARY, N.C. - Level 8 (Nasdaq: LVEL), a leading global provider of high
performance eBusiness integration software, today announced that Anthony
Pizi will join Level 8 as chairman of the board and chief technology
officer. Sam Somech, who currently holds the title of CTO, will continue
as vice chairman of the company. The company also announced that Arik
Kilman will become chief strategic officer and will be succeeded as chief
executive officer by Steven Dmiszewicki. Paul Rampel will join Level 8 as
senior vice president of research and development.

Anthony Pizi comes to Level 8 from Merrill Lynch where he held the
position of chief technology officer of the Private Client Architecture
Group. Mr. Pizi's 17-year career at Merrill Lynch includes development of
Ciceroä, a comprehensive integrated desktop computer environment developed
by Merrill Lynch and acquired by Level 8 earlier this year. In his new
role at Level 8, Mr. Pizi will provide strategic direction for all
products including the Geneva eBusiness Integration Platform. In
addition, he will offer leadership in the development of the Cicero
technology into a multi-platform environment that works with existing
Level 8 eBusiness integration products.

"Tony Pizi's intimate knowledge of business integration technologies and
strong relationships in both the financial and technology communities make
him an important addition to the Company's management team, as well as an
integral component of our overall corporate growth objectives," said Arik
Kilman. "Tony's status as a visionary among influential industry veterans
fits well with the entrepreneurial spirit of our organisation and the
leading edge reputation of our Geneva platform suite. His guidance in the
execution of our business and technology strategies will be key to the
successful launch of Cicero and will help to further strengthen our
leadership position in the EAI space. Additionally, we are confident that
his leadership will create new opportunities for Level 8 that can be
leveraged to most efficiently achieve our major business initiatives in

"I am very excited about the move to Level 8. My decision to leave Merrill
Lynch after 17 years was not an easy one. I am leaving a great team and
many friends. However, the opportunity to work with such a strong and
innovative company to enhance the Geneva and Cicero product lines was
something I could not pass up. I'm thrilled to be part of the team that
will take these technologies to the next level," said Anthony Pizi.

E. Stanley O'Neal, executive vice president and president of U.S. Private
Client Group for Merrill Lynch said, "As CTO of our Private Client
Architecture Group, Tony's leadership was key to our many successes,
including TGA (30,000 workstations in 750 locations), Merrill Lynch
Online, Merrill Lynch Direct and our state-of-the-art contact centres. As
Tony moves on to become chairman and CTO of Level 8, he will remain a
strategic advisor to me, and will work closely with us to enhance the
existing relationship between the two firms."

"We are very excited about the partnership with Level 8 and think that
Tony will do a great job in developing next-generation infrastructure
solutions for the market," said John A. McKinley, Jr., executive vice
president and chief technology officer of Merrill Lynch.

The company also announced that Arik Kilman will transition from his role
as chairman and CEO to that of chief strategic officer. As a significant
shareholder in Level 8, Kilman will focus exclusively on future business
dealings and direction in the areas of large enterprise transactions and

Steven Dmiszewicki has been elevated to the position of chief executive
officer and remains president of Level 8 Systems. Dmiszewicki became
president in June 1999 and has directed the business strategy for the
company and managed all operations worldwide. Prior to his promotion to
the presidency of Level 8, Dmiszewicki served as the company's chief
operating officer.

Sam Somech, the company's current CTO, will become vice chairman. As one
of the world's leading experts on middleware messaging technologies, Mr.
Somech will continue to play a vital role in product development
initiatives for Level 8. In his new position, Mr. Somech will work
closely with Mr. Pizi to determine all technological aspects for the

Paul Rampel will assume the position of senior vice president of research
and development. Mr. Rampel previously held the position of president for
StarQuest Software Inc., a provider of Internet infrastructure solutions
for Cisco routers acquired by Level 8 earlier this year. In his new role,
Mr. Rampel will be responsible for all product development and support

"Level 8 has seen significant profitability as a result of our strong
product line and leadership position in the EAI market. We believe this
growth will continue and that we have assembled the industry's best
leaders on our senior management team to ensure our success," Kilman

About Level 8 Systems

Level 8 Systems (Nasdaq: LVEL)

is a leading global
provider of high performance eBusiness integration software that enables
organisations to integrate new and existing information and processes with
the Internet to create new business value. The Level 8 product portfolio
represents the broadest eBusiness integration offering from a single
vendor in the market today. The Geneva High Performance Integration
Platform provides enterprise messaging, application integration, business
process automation and application engineering technologies. Level 8
Systems has more than 700 customers and over 475 employees worldwide with
corporate headquarters in Cary, North Carolina, and offices in the US, UK,
Germany, Denmark, Sweden, France and Italy.

Level 8, Level 8 Systems, Level 8 Technologies, Geneva, Geneva Integration
Suite, Geneva Enterprise Integrator, Geneva Business Process Automator,
Geneva Integration Broker, Geneva Message Queuing, Geneva XIPC and Geneva
AppBuilder are trademarks of Level 8 Technologies, Inc., a wholly-owned
subsidiary of Level 8 Systems, Inc. All other company and product names
are for identification purposes only and are the property of, and may be
trademarks of, their respective owners.

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