Wechsler Harwood Halebian & Feffer LLP Files Class Action Against Ascendant Solutions, Inc. (F/K/A ASD SYSTEMS, INC. ) (Nasdaq: ASDS)

Wechsler Harwood Halebian & Feffer LLP filed a securities class action lawsuit (the "Complaint") in the United States District Court for the Northern District of Texas on behalf of all investors who bought the securities of Ascendant Solutions, Inc. (NASDAQ: ASDS), previously known as ASD Systems, Inc. ("ASD" or the "Company") in the period from November 11, 1999 through January 2, 2000, inclusive (the "Class Period").

The complaint charges that ASD, along with Norman Charney (Chairman of the Board, President and Chief Executive Officer of ASD), Paul Jennings (Chief Technology Officer and a director of ASD), Paul G. Sherer (ASD director), Alan Saltzman (ASD director) and CCLP, Ltd. (significant ASD shareholder) (together, "Defendants") violated the Securities Exchange Act of 1934. Specifically, the Complaint alleges that the Prospectus for ASD's November 1999 initial public offering contained materially false and misleading statements concerning the Company's past performance and ability to provide reliable outsourced services to online retailers and direct marketing companies. When the truth concerning the state of affairs of ASD's business was revealed on January 24, 2000, the price of ASD stock plummeted by $4.5625 per share, or 30%, from its previous closing price of $15.625 to close at $11.0625.

Plaintiff seeks to recover damages on behalf of all investors who purchased ASD securities during the Class Period and who suffered damages as a result, and is represented by Wechsler Harwood Halebian & Feffer LLP, which has extensive experience representing investors in class actions. The reputation and expertise of the firm in investor and other class action litigation has been repeatedly recognized by the courts, which have appointed the firm to major positions in complex class action litigations. For more information about Wechsler Harwood Halebian & Feffer LLP, please visit our website at http://www.whhf.com/.

If you are a member of the Class described above, and if you meet certain other legal requirements, you may, no later than March 30, 2001, move the Court to serve as a lead plaintiff. A lead plaintiff is a representative party that acts on behalf of other class members in directing the litigation. In order to be appointed lead plaintiff, the Court must determine that the class member's claim is typical of the claims of other class members, and that the class member will adequately represent the class. Under certain circumstances, one or more class members may together serve as "lead plaintiff."

If you would like to discuss this action or have any questions concerning this notice or your rights or interests with respect to this matter, please contact the following:

  Wechsler Harwood Halebian & Feffer LLP
  488 Madison Avenue, New York, New York 10022
  Telephone: 877-935-7400 (toll free)
  Patricia Guiteau, Shareholder Relations Department:  pguiteau@whhf.com

SOURCE: Wechsler Harwood Halebian & Feffer LLP

Contact: Patricia Guiteau, Shareholder Relations Department, Wechsler
Harwood Halebian & Feffer LLP, 877-935-7400, pguiteau@whhf.com

Website: http://www.whhf.com/