Conversion Services International Announces Alliance with IDOM

- Alliance Supports Data Warehousing Initiatives for Financial Regulatory Reporting Industry - 


EAST HANOVER, N.J., May 15  /PRNewswire-FirstCall/ -- Conversion Services International, Inc. (AMEX:CVN), a premier professional services firm focused on delivering the value in business intelligence, data warehousing and data management solutions to Global 2000 organizations and other businesses, today announced an alliance with IDOM, Inc., a Newark, NJ-based industry leader in providing scaleable, reliable software and services that reflects its expertise in banking and regulatory compliance solutions.

(Logo: http://www.newscom.com/cgi-bin/prnh/20060421/NYF015LOGO )

In continuing to expand its vertical solution delivery capability, CSI has formed an alliance with IDOM, Inc. IDOM's REG-Reporter is the industry standard for automating financial institutions' regulatory reporting needs, mitigating risk and increasing the effectiveness of bank personnel. REG-Reporter addresses financial reporting requirements of both domestic and international banks by automating compliance with mandated reports to regulatory authorities, senior management and head offices, and helps ensure accuracy and integrity of financial reports while increasing efficiency of the reporting process.

CSI will leverage its extensive banking and business process improvement capabilities resident in their wholly-owned subsidiary, DeLeeuw Associates, and incorporate IDOM's leading banking solutions to deliver significant total cost of ownership reductions to clients having to manage their business in a highly regulated space.  CSI will blend its substantial knowledge and expertise in business intelligence and data warehousing with IDOM's banking solution projects in order to facilitate the required data profiling and data quality activities which occur during these engagements.

Bryan Carey, CSI's SVP of Strategic Consulting and managing director of DeLeeuw Associates, commented, "CSI continues to leverage the strength of our entire suite of service delivery capabilities by combining our strengths in business process improvement, Six Sigma and business intelligence.  When we incorporate our delivery capacity with specific industry vertical solutions such as those offered by IDOM, we are able present our client with substantial value propositions that have measurable impacts on their financial and competitive well being."

About IDOM, Inc.

Headquartered in Newark, N.J., IDOM, Inc. has been helping its customers solve their regulatory and compliance concerns since 1988 and is considered an industry leader in providing scaleable, reliable solutions and services that reflects its expertise in the areas of banking, compliance and technology. IDOM's principals and co-founders, Chairman and CEO Stephen Codignotto and President and CFO Vincent Raniere are recognized for their banking systems and technology expertise in both the United States and overseas.  The company's software products include its industry-leading REG-Reporter(R), an automated regulatory reporting solution, and DOC-Tracker(R), a documentation and compliance management software application.

For more information on IDOM(R) products and services please call 973.648.0900, email  or visit http://www.idomusa.com/ .

IDOM, REG-Reporter and DOC-Tracker are registered trademarks of IDOM, Inc. All other products are the properties of their respective owners.

About DeLeeuw Associates

DeLeeuw Associates, a wholly owned subsidiary of Conversion Services International, Inc. (AMEX:CVN), is a management consulting organization specializing in integration, reengineering, and project management. Their associates have significant experience delivering value in large-scale, fast-paced projects within all financial services sectors and financial areas. DeLeeuw has managed and supported some of the largest merger projects in the history of the financial services industry. DeLeeuw's Lean and Six Sigma practice provides its clients with rapid, quality results, leveraging Lean to combine process speed and deployment benefits with increased customer satisfaction, reduced costs and improved revenues and profits.

About Conversion Services International, Inc.

Conversion Services International, Inc. (CSI) is a leading provider of professional services focusing on strategic consulting, data warehousing, business intelligence, business process reengineering, as well as integration and information technology management solutions. CSI offers an array of products and services to help companies define, develop, and implement the warehousing and strategic use of both enterprise-wide and specific categories of strategic data. CSI's current customers include ADP, Coach, Goldman Sachs, Liberty Mutual, Merck, Morgan Stanley, and Pfizer. Information about CSI can be found on the web at http://www.csiwhq.com/ or by calling its corporate headquarters at 888-CSI-5036.

Note on Forward-Looking Statements

Except for the historical information contained herein, this press release contains, among other things, certain forward-looking statements, within the meaning of the Private Securities Litigation Reform Act of 1995 that involve risks and uncertainties. Such statements may include, without limitation, statements with respect to CSI's plans, objectives, expectations and intentions and other statements identified by words such as "may," "could," "would," "should," "believes," "expects," "anticipates," "estimates," "intends," "plans" or similar expressions. These statements are based upon the current beliefs and expectations of CSI's management and are subject to significant risks and uncertainties, including the ability of CSI to be in compliance with all applicable American Stock Exchange continued listing requirements, the ability to maintain revenue growth, the ability to locate and acquire other businesses and to successfully integrate such acquisitions, the ability to decrease operating expenses, and those detailed in CSI's filings with the Securities and Exchange Commission. Actual results may differ from those set forth in the forward-looking statements. These forward-looking statements involve certain risks and uncertainties that are subject to change based on various factors (many of which are beyond CSI's control). CSI undertakes no obligation to update publicly any forward-looking statements.

  Contact:
  Tracee Lee Beebe
  Marketing & Communications
  Conversion Services International, Inc.
  973-560-9400
  

http://www.newscom.com/cgi-bin/prnh/20060421/NYF015LOGODATASOURCE: Conversion Services International, Inc.



Contact:  Tracee Lee Beebe, Marketing & Communications of Conversion

Services International, Inc., [phone],  



Web site:  http://www.csiwhq.com/

http://www.idomusa.com/ 

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