Berman DeValerio & Pease, LLP Announces Securities Class Action Against SCB Computer Technology, Inc.

Business/Technology Editors

MEMPHIS, Tenn.--(BUSINESS WIRE)--May 30, 2000

Berman, DeValerio & Pease LLP

a law firm specializing in representing

shareholders in class action lawsuits,

issues the following press release:

A shareholder of SCB Computer Technology, Inc. (Nasdaq:SCBI) has filed a class action lawsuit in the United States for the Western District of Tennessee, Western Division at Memphis. The action seeks damages for violations of the federal securities laws on behalf of all investors who purchased the common stock of SCB Computer Technology between August 19, 1997 and April 13, 2000 (the "Class Period").

The lawsuit charges SCB Computer Technology and certain of its directors and officers with issuing a series of false and misleading financial statements and press releases concerning the Company's publicly reported revenues and earnings. Specifically, the complaint alleges that the Company's financial statements issued during the Class Period overstated its revenues, income and earnings through improper accounting in violation of GAAP. SCB Computer Technology's outside auditors have resigned and SCB's financial statements will be restated as a result. Due to these false and misleading statements, the Company's stock traded at artificially inflated prices during the Class Period.

If you purchased the common stock of SCB Computer Technology during the Class Period and suffered a loss on your investment, you may wish to contact the lawyers at Berman, DeValerio & Pease LLP, or the Law Offices of P.K. Bramlett, to discuss your rights and interests:

Patrick Egan, Esq.                      Bramlett Law Offices
Michael Sullivan, Esq.                  P.O. Box 150734
Jeffrey Block, Esq.                     Nashville, TN  37215-0734
Berman, DeValerio & Pease LLP           [phone]
One Liberty Square, Boston, MA 02109    Fax: [phone]
E-Mail: [e-mail]
[phone]

To learn more about this action, other cases or class actions in general, you can also visit our website at www.bermanesq.com.

You have 20 days remaining if you wish to apply to be Lead Plaintiff in this action. A motion must be filed on your behalf with the court no later than June 19, 2000. To be a member of the class you need not take any action at this time. To serve as lead plaintiff, however, you must meet certain legal requirements and you may retain counsel of your own choice. You may contact the attorneys at Berman, DeValerio & Pease LLP to discuss your rights regarding the appointment of lead plaintiff and your interest in the class action.

With offices in Boston and San Francisco, Berman, DeValerio & Pease LLP has extensive experience prosecuting shareholder class actions. The firm has been appointed lead counsel in numerous actions involving companies that have issued false and misleading statements, has successfully litigated these actions, and has been singled out for its excellence by many courts. The firm prides itself on its responsiveness to shareholders and their needs in particular cases.