Precis Notifies SEC of Late 10-K Filing; Expects to File Within Extension Period

Precis Notifies SEC of Late 10-K Filing; Expects to File Within
Extension Period 


GRAND PRAIRIE, Texas, April 1  /PRNewswire-FirstCall/ -- Precis, Inc.
(NASDAQ:PCIS) filed Form 12b-25 today with the Securities and Exchange
Commission requesting an extension for the filing of its annual report on Form
10-K for the year ended December 31, 2004 due March 31, 2005.

The Company experienced unanticipated delays in completing its financial
statements for the fiscal year.  Extraordinary demands on the Company's
personnel and resources resulting from the transition of leadership positions
within the Company's financial department, including the Company's Chief
Financial Officer and Controller, contributed to the unanticipated delays. The
Company expects to file its Form 10-K by April 15, 2005.

The Company expects that its earnings, when reported, will reflect a loss for
the fourth quarter and for the year ended December 31, 2004.  Management
currently estimates that the net loss for 2004 will exceed $2 million, but will
be less than $3 million ($(0.17) to $(0.25) per share).  The loss will result,
in large part, from recognition of impairment to the carrying amount of
goodwill associated with the Company's Foresight subsidiary, a non-core
business, as well as from impairment of capitalized software cost and providing
allowances for uncollectible receivables and notes.  The Company does expect,
however, to post positive cash flow from operations for the year ended December
31, 2004 and will report a solid cash position at year-end.

Precis, Inc. will schedule a conference call to discuss the financial results
for the year upon filing of its Form 10-K.  Management will also discuss
changes made by the Company to correct the revenue and expense trends that
resulted in its operating loss for the fourth quarter.  Once the date of the
call is determined the Company will issue a notification via press release.

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.accesshealthsource.com/ respectively.

   Contact:  Bob Bintliff                  Joe Diaz
             Chief Financial Officer       The RCG Group
             Precis, Inc.                  480-675-0400
             972-343-6501


DATASOURCE: Precis, Inc.



CONTACT:  Bob Bintliff, Chief Financial Officer of Precis, Inc.,

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

Inc.



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

http://www.care125.com/

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

http://www.accesshealthsource.com/ 

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