RICHMOND, CA – July 20, 2004 – QRS (Nasdaq: QRSI) announced today that its Board of Directors has received an unsolicited non-binding proposal from a group led by Avling Partners, LLC and GTCR Golder Rauner, LLC (the "Avling/GTCR Group") to acquire all outstanding shares of QRS common stock in exchange for $6.75 in cash per share, subject to satisfactory completion of due diligence and execution of definitive documentation.

The proposal was made pursuant to a letter from the Avling/GTCR Group to the Chairman of QRS' Board of Directors which was filed with the Securities and Exchange Commission as an exhibit to the Schedule TO filed by the Avling/GTCR Group and to the Amendment No. 1 to the Schedule 13D of Peter R. Johnson. At a special meeting of QRS' Board of Directors, the Board reviewed the proposal and determined that engaging in discussions with the Avling/GTCR Group was in compliance with the terms of the Agreement and Plan of Merger, dated as of June 17, 2004, by and among JDA Software Group, Inc., CVP2 Corp. and QRS (the "JDA Merger Agreement"). The Board of Directors authorized QRS to engage in discussions regarding a business combination with the Avling/GTCR Group in accordance with the terms of the JDA Merger Agreement.

QRS has also received an unsolicited non-binding proposal from an investment fund to acquire all outstanding shares of QRS common stock in exchange for $6.50 to $7.00 in cash per share, subject to satisfactory completion of due diligence and execution of definitive documentation. QRS' Board of Directors has determined that engaging in discussions with this investment fund is in compliance with the terms of the JDA Merger Agreement, and QRS has begun discussions with this investment fund.

About QRS

QRS (Nasdaq: QRSI) is a technology company that serves the global retail trading community. We offer collaborative commerce solutions that drive a new standard for global brand execution. At QRS, we manage the flow of critical commerce information and leverage our retail technology expertise to address fundamental industry challenges such as global data synchronization, mandate compliance, transaction management and global trade management. QRS solutions help approximately 9,800* customers expand into new markets and channels, improve operational efficiency and differentiate their brand. Learn more about QRS at www.qrs.com.

*Based on total, unique QRS corporate customers that purchased or licensed QRS products and services between July 1, 2003 and June 30,2004.