CIS TECHNOLOGIES ANNOUNCES ACQUISITION OF PROFESSIONAL MANAGEMENT SYSTEMS, INC. AND PURCHASE OF CONTRACTS FROM ADMINISTRATIVE SERVICES OF KANSAS, INC.; TRANSACTIONS INCREASE COMPANY'S FOOTHOLD IN PHYSICIAN PRACTICE MANAGEMENT SYSTEMS.

TULSA, Okla.--(BUSINESS WIRE)--Nov. 8, 1995--CIS Technologies, Inc. (Nasdaq/NM:CISI) today announced that it has reached an agreement in principal to acquire 100% of the privately held stock of Chicago area-based Professional Management Systems, Inc. (PMSI), the largest dealer of The Medical Manager(R) physician practice management software in Northern Illinois. The transaction, which is subject to negotiation of a definitive agreement and other conditions, will be accounted for as a pooling of interests. As a result, PMSI is expected to contribute additional revenues of approximately $2 million to CIS for the twelve months ending December 31, 1995. CIS also anticipates that PMSI will contribute positively to CIS' 1995 earnings. CIS will issue 250,000 "restricted" shares of its stock in the transaction.

In another Medical Manager transaction, the Company also announced that its subsidiary, AMSC, Inc., has concluded an agreement with Administrative Services of Kansas, Inc. (ASK), a subsidiary of Blue Cross of Kansas, to immediately assume all support contracts for ASK's Logical Choice private label software version of The Medical Manager. The agreement also provides that AMSC will offer to convert all current Logical Choice customers to a new version of The Medical Manager.

Philip D. Kurtz, chairman and chief executive officer of CIS Technologies, said, "These two large customer franchises will add over 200 physician offices to the AMSC client base. When we acquired AMSC one year ago, one of our strategic initiatives was to pursue the physician market, particularly the developing medical service organization, or MSO, market. These transactions will give CIS the ability to keep a finger on the pulse of this developing marketplace and to capitalize on this strategic play."

John Indrigo, general manager of AMSC, added, "Geographically, these transactions not only give AMSC a stronger foothold in The Medical Manager arena and strengthen our market presence in the Midwest, but also help AMSC establish a beachhead with respect to several MSOs currently being formed in that area of the country."

Don Schneider, president and sole stockholder of PMSI, stated, "We decided to join forces with CIS and AMSC because of CIS' strength in healthcare information and AMSC's overwhelming presence in The Medical Manager and MSO markets. The combination of our organizations marks a decidedly strong future for our companies and the welfare of our clients."

Scott Vondemkamp, Director of ASK, echoed Schneider's comments and added, "When we canvassed the universe of companies to which we would consider transferring this business, of primary importance was selecting a company that would have the best interests of our clients at heart. In addition to possessing that quality, we observed early on that AMSC's superior support capabilities would both provide a smooth transition and strong ongoing support for our clients. We transfer these contracts to AMSC knowing our clients will be in very good hands."

CIS Technologies, Inc., a full-service healthcare reimbursement and business office management company, is a leading source of technology-based products and services that enable healthcare organizations to streamline their business office operations. Through proven methods to enhance business office efficiency, creative financing alternatives, state-of-the-art clinical practice management systems, and EDI tools to reduce paperwork and administrative costs, all participants in a healthcare delivery system realize benefits. Currently, CIS products and services are delivering value to over 220 third-party payers and 900 healthcare organizations in 38 states.

CONTACT: CIS Technologies, Inc., Tulsa

Richard A. Evans, 918/496-2451