Progressive Software Files Consensual Reorganization Plan

The United States Bankruptcy Court issued approval of Progressive Software's Disclosure Statement and set the hearing date for confirmation plan of reorganization.

Charlotte, North Carolina -- June 20, 2002 -- Progressive Software, and its parent, Tridex Corporation (OTC Bulletin Board: TRDQE.OB), announced today that the United States Bankruptcy Court for the District Of Connecticut, Bridgeport Division issued an order approving Progressives Disclosure Statement and setting the hearing for confirmation of their plan of reorganization for July 9th, 2002.

We are delighted to have reached an amicable agreement with our senior lender, which also has the support of the Official Committee of Unsecured Creditors, and look forward to emerging from the proceeding with a sound balance sheet and a strong business plan that will, once again, position the company as the leading provider of solutions for the quick-service, line-service and fast casual markets" commented Christopher Sebes the current COO, who, upon confirmation of the plan, will become the reorganized companys Chief Executive Officer.

We continue to set standards of excellence in food service technology and we are eager to focus on the exciting opportunities that we have ahead of us" said Tom Saari, Progressives Senior Vice President Sales and Marketing.

About Progressive Software
Progressive Software is a leading provider of application software for the specialized needs of the restaurant industry. The company provides a broad range of high-performance technology solutions and services designed to optimize productivity and profitability. Progressive Software is the solution of choice for Jack In The Box, Starbucks, Steak 'n Shake, Golden Corral, Boddie Noell (dba Hardees), Ryans Steak Houses and many others, and is currently installed in more than 14,000 restaurant and retail outlets in the United States, Canada, UK and the Far East.

The statements contained in this release which are not historical facts may be deemed to contain forward-looking statements with respect to events, the occurrence of which involve risks and uncertainties, including, without limitation, the uncertainties detailed in Trades Securities and Exchange Commission filings.
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