Precis, Inc. Wins Lawsuit Brought by Warrant and Option Holders

Precis, Inc. Wins Lawsuit Brought by Warrant and Option Holders



GRAND PRAIRIE, Texas, July 8  /PRNewswire-FirstCall/ -- A Tarrant County trial
court Thursday orally granted Precis, Inc's (NASDAQ:PCIS) motion for judgment
in its favor notwithstanding a previous jury's verdict and denied the
plaintiffs' motion for a judgment in their favor.  In making its ruling, the
court agreed with Precis that, because the jury found that there was no fraud
committed by Precis, the claims brought by the plaintiffs were not permitted
under Texas law.  A written order and judgment are expected to be issued in the
coming days.

In May 2005, in a lawsuit brought by a group of warrant and option holders led
by Robert Kirk, a jury in Tarrant County, Texas determined that Precis did not
act fraudulently or with malice in its dealings with the plaintiffs but did
award over $1.1 million in damages to the plaintiffs based on findings of
negligence. The plaintiffs were holders of Precis warrants and options who
alleged that they had attempted to exercise their securities in 2002.  The
ruling relieves Precis of any obligation to pay the jury's monetary award.

"We are very pleased with the court's ruling.  It's an important victory for
our company and our shareholders.  Obtaining this relief from old litigation is
much welcomed as we focus on the future and implement our new strategic plans
and introduce new products and services," said Frank Apodaca, President of
Precis.

According to Eliseo Ruiz III, Precis' Vice President and General Counsel, "We
always believed that the plaintiffs' claims were without merit.  We are
delighted that the court was able to honor the jury's findings of no fraud and
correctly hold that the plaintiffs' negligence claims were not valid under
Texas law."

The plaintiffs had alleged that Precis, through a former employee, agreed to
provide certain information deemed necessary by the plaintiffs for them to
exercise their warrants and options for the purchase of Precis Common Stock in
May, 2002, and then failed to timely provide the information.  The case was
heard in the 236th District Court of Tarrant County, Texas, Case No. 236 201
468 03.

Precis was represented by Roger Cowie and Brian Hamilton of Locke Liddell &
Sapp, L.L.P's Dallas office and by Charles Arnold of Cantey & Hanger in Fort
Worth

About Precis Inc.

Precis Inc. and its subsidiaries market non-insurance health care savings
programs, administer tax-favored reimbursement accounts, provide third party
administration services to self funded employer groups and offer a broad range
of financial solutions such as health and life insurance to individuals and
businesses. For more information on Precis, its subsidiaries Care 125, Care
Financial, LLC, and Access Administrators visit http://www.precis-pcis.com/,
http://www.care125.com/, and http://www.care-financial.com/,
http://www.ahs-access.com/ respectively.

   Contact:
   Eliseo Ruiz III       Joe Diaz
   General Counsel       The RCG Group
   Precis, Inc.          480-675-0400
   972-343-6500

   Annemarie Marek
   Marek & Company
   469-235-2166


DATASOURCE: Precis, Inc.



CONTACT:  Eliseo Ruiz III, General Counsel of Precis, Inc.,

[phone]; or Joe Diaz of The RCG Group, [phone]; or Annemarie

Marek of Marek & Company, [phone], both for Precis, Inc.



Web site:  http://www.precis-pcis.com/

http://www.care125.com/

http://www.care-financial.com/

http://www.ahs-access.com/ 

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