WESTBOROUGH, Mass., Nov. 29 /PRNewswire-FirstCall/ -- ClearStory Systems(TM) (OTC:CSYS) (BULLETIN BOARD: CSYS) , a leading provider of digital asset management (DAM) solutions, and Harvard Business School have won a first-place Process Innovation Award. The international award recognizes an innovative application of ClearStory's ActiveMedia, a richly functional, enterprise-class software application for managing the digital media communications supply chain -- from creation to delivery. Steve Weissman, president of Kinetic Information LLC, which organizes the annual Process Innovation Awards, explained that they were created in 1996 and are designed to honor superior applications for their business effectiveness. Winners were selected by an independent panel of industry experts based on process improvements that lead to gains in at least one of the following areas: productivity, profitability, ability to adapt to market conditions, or competitive standing/market share. The awards were co-sponsored by IMERGE Consulting. "Our awards are bestowed on organizations that not only use technology in a basic way, but apply it in an innovative fashion as well," said Weissman. "Harvard Business School was honored for deploying a cutting-edge rich media solution that enabled it to meet its business goals." Harvard Business School's award-winning application makes it easy for faculty to bring cases to life. Faculty and staff can embed video into online cases or assignments, build customer video libraries specific to their courses, and store video clips for use later in the classroom. Users can visit the video library from anywhere in the world to view video storyboards, play videos, and search online video (more than 7,000 videotapes) for spoken words or phrases. "Our application is deepening the learning experience by bringing marketing materials, location tours and original documentaries to our students," said Larry Bouthillier, Director of Educational and Multimedia Technology Development, Harvard Business School. "In the classroom, faculty access thousands of on-demand DVD-quality streaming video clips for use in their curriculum. Beyond academics, this application is helping to build our community by making the dozens of guest speakers, newsworthy events and special campus presentations available 24/7 to HBS students, faculty and alumni." "It's an honor to have our enterprise-wide business and rich media content solutions recognized for the considerable business benefits they bring our customers, including reduced costs, increased revenue and business innovation," said Henry F. Nelson, ClearStory president and CEO. "It is rewarding to all of our staff to see Harvard Business School receive recognition for a job well done." About ClearStory Systems ClearStory Systems is the leader in high-performance, content management solutions for digital media communications. ClearStory software manages the enterprise rich media supply chain -- from creation and collaboration, to lifecycle management and delivery -- to give companies a competitive advantage, marketing agility, cost avoidance, and maximum efficiency. Backed by premier customer support and service, ClearStory award-winning products are easy to use and readily align with our customers' business objectives for both a rapid return-on-investment and low total cost of ownership. Visit us at http://www.clearstorysystems.com/. There are statements in this news release that contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, including, for example, the expected benefits of ClearStory's in-house hosting model, the anticipated customer demand for ClearStory's products and services (including its recently released ActiveMedia version 7 and its Enterprise Media Server), and the expected benefits to be derived from ClearStory's products and services. These forward-looking statements include all statements that are not statements of historical fact and relate to the intent, belief, plans or expectations of ClearStory Systems, their management, and their customers. Words like "plans," "intends," "believes," "signifies," "estimates," "anticipate," "will," "expect," and words of similar meaning are intended to identify forward-looking statements. Actual results may vary significantly from the forward-looking statements. For a detailed discussion of cautionary statements that may affect ClearStory's future results of operations and financial results, please refer to ClearStory's filings with the Securities and Exchange Commission, including its Annual Report on Form 10-KSB for the year-ended March 31, 2005, and its Quarterly Reports on Form 10-QSB. Actual results, events and performance may differ materially. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof. The Company undertakes no obligation to release publicly the result of any revisions to these forward-looking statements that may be made to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events. CONTACTS: ClearStory Systems Ripple Effect Communications Susan Worthy Valerie Harding (Media) (508) 870-4225 (617) 536-8887 DATASOURCE: ClearStory Systems CONTACT: Susan Worthy of ClearStory Systems, +1-508-870-4225, ; or Media, Valerie Harding of Ripple Effect Communications, +1-617-536-8887, , for ClearStory Systems Web site: http://www.clearstorysystems.com/

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