Canterbury Signs Letter of Intent to Acquire Assets of U.S. Communications, Inc. Pro Forma Revenues Would Increase by $10,000,000.

MEDFORD, N.J.--(BUSINESS WIRE)--Aug. 17, 1999--

Canterbury Information Technology, Inc. (NASDAQ:CITI) - announced today that a Letter of Intent had been signed to acquire certain assets and assume certain limited liabilities of U.S. Communications, Inc. ("USC") a wholly owned subsidiary of Condor Technology Solutions, Inc. (Nasdaq:CNDR), subject to due diligence and a definitive purchase agreement. USC contains three profit centers which blend with the existing business of CALC/Canterbury Corp.

These are: (1) technical computer training for network and Internet engineers - USC is a Microsoft (NASDAQ:MSFT) Solutions Provider and Certified Technical Education Center; (2) computer project consulting - USC supplies document imaging and management solutions; and (3) USC is a "Value Added Reseller" (VAR) of computer hardware for Hewlett Packard (NYSE:HWP), IBM (NYSE:IBM), and Compaq Computer (NYSE:CPQ).

Since no current Canterbury subsidiary operates as a VAR the possibility of cross marketing between USC and the three existing Canterbury subsidiaries is substantial. In addition, USC is based in Annapolis, Maryland which provides Canterbury physical access to a brand new market, extending our reach from our present locations in the states of New York and New Jersey.

Stanton M. Pikus, Canterbury's President, was quoted as saying, "This acquisition should increase our future revenues from more than $12,000,000 to more than $22,000,000, and add significant net income to our bottom line. It also adds an additional business segment to the information technology products and services that we can offer to our existing and future corporate, governmental and professional customers."

The Company's performance and financial results could differ materially from those reflected in the forward-looking statements due to general financial, economic, regulatory and political conditions or additional factors unknown to the Company at this time, as well as more specific risks and uncertainties such as those set forth in documents filed by the Company with the SEC (including, but not limited to, its most recent reports on Form 8-K, Form 10-Q and Form 10-K, copies of which are available upon request or over the Internet at www.sec.gov).

Given these risks and uncertainties, any or all of these forward-looking statements may prove to be incorrect.

The World Wide Web addresses for the Canterbury Companies are:

-- Corporate - www.canterburyciti.com. -- ATM/Canterbury Corp. - www.atmcan.com -- CALC/Canterbury Corp. - www.calc.com -- MSI/Canterbury Corp. - www.msitrain.com.