A.D.A.M., Inc. Expects to Report an Increase in Revenue and Cash For The Fourth Quarter; Company Will Also Transfer to the Nasdaq SmallCap Market Effective January 31, 2003.

Business Editors

ATLANTA--(BUSINESS WIRE)--Jan. 27, 2003

A.D.A.M., Inc. (Nasdaq: ADAM) today announced that it expects to report revenues of approximately $2,400,000 for the fourth quarter ended December 31, 2002 as compared to revenues of $2,125,000 in the year-ago quarter, an increase of approximately 13%.

The Company expects to report a cash balance of approximately $2,500,000 at December 31, 2002 (including total restricted cash of approximately $290,000) compared to approximately $1,880,000 at September 30, 2002 (including total restricted cash of approximately $23,000), an increase of approximately $620,000.

In addition, the Company reported that the Nasdaq Stock Market has approved the Company's request to transfer the listing of its common stock from the Nasdaq National Market to the Nasdaq SmallCap Market, effective at the opening of trading on January 31, 2003. A.D.A.M. shares will continue to trade under the symbol ADAM. The Company expects no material difference in the trading of ADAM common stock as a result of the transfer.

A.D.A.M. will be announcing its fourth quarter and year-end earnings on February 27, 2003.

About A.D.A.M., Inc.

Headquartered in Atlanta, A.D.A.M., Inc. is a leading publisher of interactive, visually engaging health and medical information for healthcare organizations, medical professionals, consumers and students. A.D.A.M. products contain physician-reviewed text, graphics produced in-house by medically trained illustrators, and multimedia interactivity to create health information solutions that offer a unique ``visual learning'' experience in both the healthcare and education markets.

A.D.A.M. is a founding member of Hi-Ethics, a coalition of the most widely referenced health websites and information providers committed to developing industry standards for the quality of consumer health information.

Forward-Looking Statements

Except for historical information, all of the statements, expectations and assumptions contained in this press release are forward-looking statements. These statements, especially revenue, net income and cash flow forecasts, involve a number of risks and uncertainties that could cause actual results, performance or developments to differ materially. Factors that could affect the company's actual results, performance or developments include general economic conditions, development of the Internet as a source of health information, pricing actions taken by competitors, demand for the company's health information, regulatory changes, and other laws and events that impact how the company conducts its business. A.D.A.M. disclaims any obligation or duty to update or correct any of its forward-looking statements.