Atlanta, GA May 4, 2001 T/R SYSTEMS, INC. (NASDAQ: TRSI), a leader in developing innovative software solutions for the management and production of digital communications, reported today that it anticipates lower than expected revenue in its first fiscal quarter ended April 30, 2001. T/R Systems announced that revenue for the first quarter that ended April 30, 2001 is expected to be between $5.8 million and $6.2 million, a decrease of 15 to 21 percent from the same quarter last year. Diluted loss per share for the quarter is expected to be in the range of about $0.10 to $0.13 as compared to diluted earnings of $0.06 per share in the first quarter of last year. "We have noted recently, like so many other technology companies, heightened restraint in the purchasing decisions of our end users, resellers and OEM partners," said Mike Kohlsdorf, President and CEO of T/R Systems. "Our fundamental business remains unchanged as we continue to focus on producing innovative software solutions for the management and production of digital documents, expanding our distribution worldwide, and providing the highest levels of customer support."