MicroStrategy Chosen Over Crystal Decisions and Hyperion

McLean, Va., (September 29, 2003) –

MicroStrategy® Incorporated (NASDAQ: MSTR), a leading worldwide provider of business intelligence software, today announced that Cascade Natural Gas Corporation has chosen the MicroStrategy Business Intelligence Platform(TM) as its business intelligence standard. Cascade Natural Gas Corporation, with headquarters in Seattle, Washington, has 440 employees in Washington and Oregon.

“After considering business intelligence solutions from Hyperion and Crystal Decisions, we have selected MicroStrategy due to its scalable architecture, Web-based user interface and extensive report formatting capabilities,” said JD Wessling, CFO at Cascade Natural Gas Corporation. “With 16 district offices across Washington and Oregon, we require a platform that provides up-to-date reports with minimal bandwidth and client software installation requirements.”

The first phase of MicroStrategy report development will enable the Finance and Accounting departments to perform period-end financial analysis against a Microsoft® data mart and reduce the reporting time to company management. End users will be able to view the core financial reports via the Web, and explore data by dimensions that were previously unavailable. Cascade intends to build several additional business intelligence applications on the MicroStrategy platform and roll them out over time to more than 200 users throughout the company.

“People underestimate the importance of choosing scalable business intelligence technology for their very first data warehouse project,” said MicroStrategy’s COO Sanju Bansal. “Smart, forward-thinking companies like Cascade Natural Gas Corporation are seeking MicroStrategy’s industrial-strength platform to meet initial business needs and accommodate future growth in users, applications and data — precluding the need to switch technologies down the road. MicroStrategy’s sophisticated capabilities — flexible and user-friendly reporting features, scalability, Web deployability to thousands or more users, and superior analytics — are well-suited for companies like Cascade Natural Gas Corporation whose business requirements will naturally grow in complexity and size over time.”

About Cascade Natural Gas Corporation

Since its incorporation in 1953, the Company has concentrated on distributing natural gas to residential, commercial, and industrial consumers in 91 Washington and Oregon communities. For the past 50 years, this singular focus has allowed Cascade to excel in this core business. Cascade Natural Gas Corporation is an investor-owned natural gas serving more than 210,000 customers and its service area encompasses about 32,000 square miles. Visit Cascade’s website at www.cngc.com for corporate, residential and commercial information. The Company’s stock is publicly traded on the New York Stock Exchange (NYSE:CGC).

About MicroStrategy Incorporated

Founded in 1989, MicroStrategy is a worldwide leader in the increasingly critical business intelligence software market. Leading Fortune 2000 companies are integrating MicroStrategy’s industrial-strength software into virtually all facets of their businesses. The MicroStrategy Business Intelligence Platform(TM) distills vast amounts of data into vital, probing insight to help drive cost-efficiency, productivity, customer relations and revenue-generation. MicroStrategy offers exceptional capabilities — excellent scalability, powerful analytics, user-friendly query and reporting features and an outstanding, easy-to-use Web interface. Top companies are using MicroStrategy to cost-effectively harness large, multi-terabyte databases; empower thousands of employees at all operational levels; and extend the benefits of business intelligence enterprise-wide and beyond to customers, partners and suppliers.

MicroStrategy has over 2,200 enterprise-class customers, including General Motors, Best Buy, Lowe’s Home Improvement Warehouse, Yahoo!, Visa International, Wells Fargo, Telecom Italia, AT&T Wireless Group and Aventis. MicroStrategy also has relationships with over 500 systems integrators and application development and platform partners, including IBM, PeopleSoft, Sun, and JD Edwards. MicroStrategy is listed on Nasdaq under the symbol MSTR. For more information or to purchase or demo MicroStrategy’s software, visit MicroStrategy’s Web site at www.microstrategy.com.

This press release may include statements that may constitute “forward-looking statements,” including its estimates of future business prospects or financial results and statements containing the words “believe,” “estimate,” “project,” “expect” or similar expressions. Forward-looking statements inherently involve risks and uncertainties that could cause actual results of MicroStrategy Incorporated and its subsidiaries (collectively, the “Company”) to differ materially from the forward-looking statements. Factors that could contribute to such differences include: the Company’s ability to secure financing for its current operations and long-term plans on acceptable terms; the ability of the Company to implement and achieve widespread customer acceptance of its MicroStrategy 7i software on a timely basis; the Company’s ability to recognize deferred revenue through delivery of products or satisfactory performance of services; continued acceptance of the Company’s products in the marketplace; the timing of significant orders; delays in the Company’s ability to develop or ship new products; market acceptance of new products; competitive factors; general economic conditions; currency fluctuations; and other risks detailed in the Company’s registration statements and periodic reports filed with the Securities and Exchange Commission. By making these forward-looking statements, the Company undertakes no obligation to update these statements for revisions or changes after the date of this release.

MicroStrategy is a registered trademark of MicroStrategy Incorporated in the United States and certain other countries. Other product and company names mentioned herein may be the trademarks of their respective owners.

Marc Brailov
MicroStrategy Incorporated
(703) 770-1670
mbrailov@microstrategy.com

Source: MicroStrategy