Exhibit 99.1

TenFold Announces Q4 2004 and Year 2004 Financial Results

SALT LAKE CITY, Utah – February 1, 2005 – TenFold® Corporation (OTC BB: TENF.OB), provider of the EnterpriseTenFold^™ platform for building and implementing enterprise applications, today announced its financial results for the fourth quarter and year ended December 31, 2004.

For the fourth quarter, TenFold reported revenues of $1.8 million, an operating loss of $1.4 million, a net loss of $992,000, and diluted loss per share of $0.02. For calendar year 2004, revenues were $17.6 million, operating income was $2.8 million, net income was $3.4 million, and diluted earnings per share were $0.06. TenFold’s net cash outflow for Q4 was $1.8 million and the ending cash balance at the end of 2004 was $5.2 million.

“2004 was a solid, foundation year for TenFold,” said Dr. Nancy Harvey, TenFold’s President and CEO. “We made significant progress on our 2004 goals of creating greater awareness and interest in TenFold, establishing our new sales organization and creating a repeatable sales process, and preparing TenFold to absorb growth”.

“We expect that our auditors will qualify their opinion on our 2004 financial statements for going concern reasons, since at our recent cash burn levels we would exhaust our cash balances within a few quarters. We are cognizant of their concerns and appreciate that we must generate cash from operations, business transactions, or capital raising to ensure sufficient liquidity for the coming year and to support our growth. We are focusing on selling new, larger license deals with current customers who have experienced TenFold’s value proposition, exploring distribution agreements, and continuing discussions with investment bankers about the possibility of raising capital,” continued Dr. Harvey.”

Quarter Highlights

Q4 of 2004 was notable for a number of additional reasons:

TenFold Conference call

The conference call will begin at 4:30 p.m. EST on Tuesday, February 1, 2005, and is available by dialing 888-989-0722 or 210-234-8636 for international calls.

The conference title is “TenFold Q4 Results,” the passcode is “TenFold,” and the call leader is “Dr. Nancy Harvey.” To access the press release on-line on Tuesday, February 1, 2005, after 4 p.m. EST, go to the Press Releases section of the TenFold Web site at www.tenfold.com. Telephone replays of the conference call will be available from four hours after the call through March 1, 2005. To access the telephone replay, dial 866-422-8143 or 203-369-0831 for international calls.

About TenFold

TenFold (OTC Bulletin Board: TENF) licenses its patented technology for applications development, EnterpriseTenFold^™, to organizations that face the daunting task of replacing obsolete applications or building complex applications systems. Unlike traditional approaches, where business and technology requirements create difficult IT bottlenecks, EnterpriseTenFold technology lets a small team of business people and IT professionals design, build, deploy, maintain, and upgrade new or replacement applications with extraordinary speed, superior applications quality and power features. For more information, call (800) TENFOLD or visit www.tenfold.com.

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This release contains forward-looking statements that involve risks and uncertainties that may cause actual future events or results to differ materially from those described in the forward-looking statements. Forward-looking statements in this release include that TenFold expects its auditors to qualify their opinion on the company’s 2004 financial statements for going concern reasons and that EnterpriseTenFold technology lets a small team build, and maintain applications with extraordinary speed and quality and with limited demand on IT resources. Factors that could cause actual results regarding product and technology assertions to differ materially from those in forward-looking statements include inadequate training, incorrect installation, use of unsupported hardware and software versions or combinations thereof, and inadequate consultation with TenFold Support. Additional information concerning factors that could cause actual results to differ materially from those in the forward-looking statements is contained from time to time in documents filed by TenFold Corporation with the Securities and Exchange Commission, including but not limited to, the most recent reports on Forms 10-Q and 10-K.

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TenFold and EnterpriseTenFold are trademarks of TenFold Corporation. All other trademarks and registered trademarks are the property of their respective owners.

Press Contacts:

Ann Norman

Coltrin & Associates

212-221-1616

ann_norman@coltrin.com

Benoit Rungeard

Coltrin & Associates

650-373-2005

benoit_rungeard@coltrin.com

Brad Thatcher

Coltrin & Associates

212-221-1616

brad_thatcher@coltrin.com

Sally N. White

TenFold Corporation

801-619-8232

swhite@tenfold.com

TENFOLD CORPORATION

CONSOLIDATED BALANCE SHEETS

(in thousands, except share data)

TENFOLD CORPORATION

CONSOLIDATED STATEMENTS OF OPERATIONS

(in thousands, except per share data)

COMPUTATION OF BASIC AND DILUTED EARNINGS (LOSS) PER SHARE

The following table sets forth the computation of basic and diluted earnings (loss) per share (in thousands except, per share data):