Conversion Services International Awarded Data Warehouse Strategy and Proof of Concept Contract for Financial Services Giant

Revenue to Exceed $300,000 


EAST HANOVER, N.J., Dec. 3  /PRNewswire-FirstCall/ -- Conversion Services International, Inc. (AMEX:CVN), a premier professional services firm focused on delivering business intelligence and business process optimization solutions to Global 2000 organizations and other businesses, today announced a data warehousing strategy and proof of concept engagement for a financial services giant. CSI will earn approximately $300,000 for this engagement with the potential for significant additional revenue over the next few years, as the client looks to engage us to assist them in implementing the strategy.

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This client's underwriting divisions are world leaders in insurance and financial services with global operations. Over-arching project goals include providing insight into a global view of corporate information across its many business lines. This will deliver more value to the management team and users, while reducing overall costs and complexity. The client wishes to improve executive reporting, financial reporting, risk management, customer intimacy, and regulatory reporting as well as get a consistent, global view of the business.

CSI will deliver to the client a business needs assessment, an associated business requirements document, a detailed multi-phased strategic plan for architecting and implementing a comprehensive data warehouse solution, as well as the recommendation and implementation of an initial Proof of Concept. The client selected CSI to conduct this strategic engagement providing them with a scalable and flexible architecture as well as a road map of short-, mid- and long-range goals for developing an enterprise data warehouse.

CSI will utilize its Best Practices Site Assessment, Strategy and Planning Service Offering for this engagement. This is our proven approach and methodology for analyzing client needs and providing expert advice and guidance across the process, people, and technology dimensions. The result is a comprehensive road map that outlines vision, approach, and architecture requirements, along with a phased implementation approach based on the client's business and technology environment.

According to Glenn Peipert, chief operations officer for CSI, "Our long history and keen focus on leveraging information as a strategic asset, along with our senior staff of strategists ensures our clients have access to the most comprehensive solutions for their information management needs. Our approach enables organizations to use the 'enterprise information asset' for strategic analysis, customer-centricity, performance and productivity analytics, and personalization, supporting the transition of an organization from operational and line-of-business oriented to an intelligent, learning, and agile global enterprise, in full leverage of one of their most important assets - information."

Scott Newman, chairman and chief executive officer of CSI, stated, "We are seeing more corporate activity, more opportunities to bid for business, and increased success in our bids. As a general rule, our data warehousing strategy and proof of concept engagements result in further engagements with our clients, securing revenue both in the immediate term as well as in coming years."

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.

  Investor Relations:
  Porter, LeVay & Rose, Inc.
  Andrew Berlin, Account Executive
  Jeffrey Myhre, VP -- Editorial
  212-564-4700

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

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DATASOURCE: Conversion Services International, Inc.



CONTACT:  Tracee Lee Beebe, Marketing & Communications of Conversion

Services International, Inc., [phone], ; Investor

Relations: Andrew Berlin, Account Executive, or Jeffrey Myhre, VP of

Editorial, both of Porter, LeVay & Rose, Inc., [phone]



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

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