MNS Msc.Software Corp

MSC.Software Announces the Initiation of Suspension Procedures by the New York Stock Exchange SANTA ANA, Calif., Feb. 8 /PRNewswire-FirstCall/ -- MSC.Software Corp. (NYSE:MNS) today announced that the New York Stock Exchange (the "Exchange") has informed the Company that, because of the ongoing delay in the filing of its annual report on Form 10-K with the Securities and Exchange Commission ("SEC") for the fiscal year ended December 31, 2003, the Exchange will suspend trading in MSC.Software's stock on the NYSE before the opening of the market on March 11, 2005. After the suspension, the Company anticipates that its stock will trade on the Pink Sheets electronic quotation system. The Exchange also stated that trading could be suspended earlier if there is a material adverse development. As reported in a press release on January 4, 2005, the Exchange has been reviewing the Company's continued listing status because of the Company's failure to file its Annual Report on Form 10-K for the year ended December 31, 2003. The Exchange's policy as it pertains to the monitoring of late Form 10-K filers has been to initiate suspension procedures if a company has not filed its Annual Report on Form 10-K with the SEC within nine months after its due date. The Exchange's policy also allows for it to consider up to a three-month extension if warranted, subject to certain conditions. Because the Company is not expected to meet the March 31, 2005 deadline imposed by the Exchange, the Exchange has moved forward with the initiation of suspension procedures. "We are disappointed that we may not be able to complete the filing within the Exchange's three-month extension period," said Frank Perna, chairman and CEO, MSC.Software. "Our suspension from the NYSE in no way reflects a lack of financial viability of the Company. We are confident that when the restatements are finalized and we complete our SEC filings, the market will see that MSC.Software's business is strong and growing. Our market leadership position continues to be supported by our global product offering, our dedicated workforce and a strong cash position on the balance sheet." About MSC.Software Corporation MSC.Software (NYSE:MNS) is the leading global provider of virtual product development (VPD) products including simulation software and services that help companies make money, save time and reduce costs associated with designing and testing manufactured products. MSC.Software works with thousands of companies in hundreds of industries to develop better products faster by utilizing information technology, software and services. MSC.Software employs more than 1300 people in 22 countries. For additional information about MSC.Software's products and services, please visit http://www.mscsoftware.com/. DATASOURCE: MSC.Software Corp. CONTACT: investors, Joanne Keates, Vice President, Investor Relations, +1-714-444-8551, , or media, Todd Evans, Corporate Communications, +1-714-445-3066, , both of MSC.Software Corp. Web site: http://www.mscsoftware.com/

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