CSI To Buy Back Up to 166,666 Shares At $30.00 Per Share in Redemption Offer.

Business Editors/Technology Writers

PADUCAH, Ky.--(BUSINESS WIRE)--Nov. 3, 2000

Computer Services, Inc. (Stock Symbol: CSVI) announced today that it plans to buy back up to 166,666 shares of its common stock at $30.00 per share in an offer to redeem that was mailed to shareholders today. The last reported trade in CSI common stock was at $22.00 per share.

"The redemption offer of $30.00 per share reflects our belief that CSI's stock is currently undervalued by the market," stated CSI President & CEO Steven A. Powless. "Our Board of Directors determined that shareholders could directly benefit from a portion of CSI's accumulated cash surplus through the cash tender offer.

"The Board believes that this redemption price of $30.00 per share is below the fair value of CSI's common stock. No member of CSI's Board of Directors intends to redeem any of his shares in the this redemption process.

"We remain very positive about the future for CSI. Our operations continue to generate significant cash flow and our core operations continue to grow. We also believe CSI has opportunities to expand by leveraging our cash and strong financial condition through complementary acquisitions," concluded Mr. Powless.

The redemption offer is limited to the repurchase of up to 166,666 shares of the Company's common stock at a price of $30.00 per share. If the offer is oversubscribed, redemptions will be made on a pro rata basis for shareholders who tender more than 200 shares. The Company expects to fully redeem shareholder positions of 200 or fewer shares that are proposed for redemption. CSI shareholders, or their nominees in the case of shares held in nominee names, must complete and return a Notification Form so that it is received by CSI no later than the close of business on December 18, 2000 to participate in the redemption. The cash proceeds of the redemption will be payable to shareholders in January 2001.

About Computer Services, Inc.

CSI provides data processing services to nearly 700 banks in 20 states. Products range from core banking products with the best general accounting services in the industry, to the CSI Passport(TM) family of products including Desktop for account inquiries and maintenance, Teller, Account Reconciliation, Platform for new accounts, and Balancer to streamline internal balancing. CSI also provides a complete line of Imaging and EFT services. The Company's dedication to the rapidly growing Internet market is reflected not only in secure Internet access and Internet Banking, but also in CSIweb@work(TM), CSI's new Intranet product that is revolutionizing internal communications in banks as well as other businesses.

For more information on CSI visit our web site at www.csiweb.com.

All statements except historical statements contained herein constitute "forward-looking statements." These forward-looking statements rely on a number of assumptions concerning future events and are subject to a number of uncertainties and other factors, many of which are outside of CSI's control, which may cause actual results to differ materially from such statements. Such risks and uncertainties include, but are not limited to, economic, competitive, technological and governmental factors affecting the Company's operations, markets, services, products, prices and other factors.