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MKS Announces First Quarter Results for Fiscal 2004

Waterloo ON - August 5, 2003: MKS Inc. (MKS) (TSX:MKX), a leading provider of tools to automate, secure, manage and control the software development process, today announced that it will report results for the first quarter fiscal 2004 after close of market on September 4, 2003. The Company will hold a conference call at 5:00 p.m. EDT to discuss its first quarter performance for fiscal 2004.

Waterloo ON - September 4, 2003: MKS Inc. (MKS) (TSX:MKX) today announced its financial results for the first quarter of fiscal 2004. 1

Total revenue for the quarter ended July 31, 2003 was $8.0 million; a 23.9 percent or $1.5 million increase from $6.5 million in the first quarter of fiscal 2003 and a decrease of 14.3 percent or $1.3 million over the fourth quarter of fiscal 2003. Net loss for the first quarter fiscal 2004 was $(0.1) million, or $(0.00) per share, an improvement of $1.4 million compared to a net loss of $(1.5) million or $(0.04) per share in the first quarter of fiscal 2003 and decline of $0.7 million over the fourth quarter of fiscal 2003.

First quarter enterprise software configuration management (SCM) revenues were $5.7 million, representing a 29.2 percent growth over SCM revenues of $4.4 million in the first quarter of fiscal 2003 and a 10.8 percent decrease over SCM revenues of $6.4 million in the fourth quarter of fiscal 2003. The Company’s cash position declined slightly from $7.7 million to $7.2 million during the quarter.

"We continue to reap the rewards from our plan to lead the Enterprise Software Configuration Management segment by delivering award winning products to the marketplace. This quarter we made significant new beachhead sales with Global 1000 customers and made substantial improvements in our sales pipeline," said Philip Deck, MKS chairman and CEO. "As expected, our new licensing activity showed the effects of the seasonally slow first quarter, but our sharply improved operating results over the first quarter of last year drove us to profitability on a trailing twelve month basis for the first time since our restructuring."

"MKS's year on year growth in revenue, fueled by a 35 percent growth in SCM license revenue, is a clear demonstration of the success of our enterprise SCM strategy," said Michael Harris, MKS chief operating officer. "Our customers continue to reward our focus on developing and implementing products and services that deliver immediate enterprise benefits and significant returns on investment. Our continued commitment to technical excellence in our customer centric field forces has allowed us to maximize the return on our product offering."

Based on the first quarter operating results, MKS re-affirmed its expectation for full fiscal year profitability.

Significant Customer Agreements
During the first quarter of fiscal 2004 MKS signed significant agreements with global enterprise customers including Boise Office Solutions, Continental Teves, Federated Investors, IBM, United States Social Security and Administration, Union Bank of California, and Toshiba Medical.

Conference Call Details
The Company will hold a conference call at 5:00 p.m. EDT after close of markets today to discuss its first quarter performance and results. Interested parties may access the call by dialing 416-695-9702 or Toll Free 1-888-280-8771. An operator-assisted playback of the call will be available for one (1) week from September 4, 2003 to September 11, 2003 and may be accessed by dialing 416-252-1143 or Toll Free 1-866-518-1010.

For details and numbers, please click here.

1 Reported in US dollars under US Generally Accepted Accounting Principles (US GAAP).

About MKS
MKS Inc. (MKS) (TSX:MKX) provides award-winning enterprise software configuration management (SCM) and interoperability software solutions enabling Global 1000 companies to better manage and control the complete process of software development. The Company's family of SCM products offers advanced technology with robust workflow, version control, and impact analysis capabilities. Under its widely known MKS Toolkit brand, MKS provides UNIX-Windows co-existence, and system administration that significantly cut development and administrative costs and reduce time to market while enabling enhanced performance. Founded in 1984 with over 10,000 customers worldwide, MKS has built its brand on the foundation of advanced technology, superior quality and extraordinary customer service. More information about MKS can be found at http://www.mks.com, or by calling 1-800-265-2797 (US & Canada), +49-711-351775-0 (Germany), and +44-1483-733900 (United Kingdom).

MKS and MKS Toolkit are trademarks of MKS Inc. All other trademarks mentioned in this release are the property of their respective owners.

This news release contains forward-looking statements that involve risks and uncertainties, which may cause actual results to differ materially from the statements made. When used in this document, the words "may", "would", "could", "will", "intend", "plan", "anticipate", "believe", "estimate", "expect" and similar expressions are intended to identify forward-looking statements. Such statements reflect the Company’s current views with respect to future events and are subject to such risks and uncertainties. Many factors could cause our actual results to differ materially from the statements made including those factors detailed from time to time in filings made by the Company with Canadian securities regulatory authorities. Should one or more of these risks or uncertainties materialize, or should assumptions underlying the forward looking statements prove incorrect, actual results may vary materially from those described herein as intended, planned, anticipated or expected. The Company does not intend and does not assume any obligation to update these forward-looking statements.

Investor Contact:
Douglas Sawatzky, CFO
519-883-3252
Email: dsawatzky@mks.com



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