Computer Horizons Continues Growth.

MOUNTAIN LAKES, N.J.--(BUSINESS WIRE)--Oct. 24, 1997--

Company's Full-Service Strategy Begins to Take Hold

Computer Horizons (NASDAQ: CHRZ), which posted record revenues for its third quarter and first three quarters of 1997, attributes recent growth to the successful leveraging of its Year 2000 projects into other information technology solutions services for its top corporate customers.

In fact, 13 of Computer Horizons' top 20 Year 2000 clients rely on the company for services, including network management, legacy systems maintenance and client/server migration. Computer Horizons also offers applications development and outsourcing services.

"We are planning for the continued growth of our solutions-based services beyond the year 2000," said John Cassese, Chairman and President, Computer Horizons. "Our Year 2000 business provides us the opportunity to understand a client's system from the inside out which allows us to work on other areas of systems maintenance as well."

Computer Horizons has expanded its capacity with a recently opened Millennium Refurbishment Center in Toronto and another to be announced in the near future.

"We expect continued growth in all aspects of our business due to several recent offerings including our Distributed Desktop Year 2000 solution, our Year 2000 testing partnership with McCabe & Associates and our decision to license our Signature 2000(TM) Toolset," said Cassese. "Additionally, we are a preferred vendor for 90 major corporations."

For the first nine months ending Sept. 27, revenues advanced by 42% over the comparative 1996 third quarter, while net income was 127% higher, primarily due to continued margin improvements driven by the Company's Year 2000 Solutions business. Revenues were $81,383,000 compared to $57,275,000, while net income was $5,978,000 compared to $2,633,000. Earnings per share were $.23 compared to $.10 on average outstanding shares of 26,093,000 and 25,376,000, respectively.

For the nine months of 1997, net income was $14,903,000, up 85% compared to 1996. Revenues improved by 33% to $226,846,000 from $170,338,000 last year, while earnings per share increased to $.58 from $.32 in 1996.

Computer Horizons Corp., founded in 1969, is a diversified information technology services company with 3,200 employees. Through its international network of 45 offices, it provides clients with resource augmentation, advanced technology solutions to business problems through applications development, client/server migration, network management, emerging technologies, and legacy systems maintenance, including its industry-leading solution to the millennium date-change problem, Signature 2000(TM). For more information, visit the Computer Horizons website at http://www.chccorp.com.

CONTACT: David Reingold

Computer Horizons

[phone]

[e-mail]

or

Bob Zeitlinger

Ruder Finn 

[phone]

[e-mail]