Continental Information Systems Corporation Appoints Two Members to Its Board of Directors.

Business Editors

NEW YORK--(BUSINESS WIRE)--Feb. 16, 2000

Continental Information Systems Corporation (NASDAQ:CISC) announced that its Board of Directors has appointed Michael Bruck and Mark Jaindl to an expanded Board, which now consists of six board members.

Mr. Bruck is the Chairman of Convey.com, an Internet-based application service provider, serving the needs of small businesses worldwide. Prior to that Mr. Bruck held several management positions at Intel including Technical Assistant to Dr. Andrew Grove, President and CEO of Intel. He also previously served as an observer on the board of Geocities.

Mr. Jaindl is the President and CEO of American Bank, an Internet bank (www.pcbanker.com) located in Pennsylvania. Previously he served as Chief Financial Officer of Jaindl Farms and Jaindl Land Company, a poultry operation and a real estate development company, respectively. He also serves on the Board of Directors of Pure World Botanicals, Inc., a botanical extract manufacturer.

James Hassett, Chairman of the Board of Directors commented, "With the focus of Continental now geared toward high technology projects, including the development of state of the art software for the securities industry, we are pleased and indeed fortunate to be able to attract these two individuals to our Board. Both have extensive hands on experience in high technology and Internet enabled businesses. They should provide our Company with guidance in developing our technology business."

At its board meeting, the board approved management's plan to focus the Company's resources on its previously announced program to develop and commercialize, through its T1Xpert.com Corp subsidiary (formerly called CIS Portal), of Internet-enabled software solutions to facilitate securities processing for institutional market participants.

In addition to T1Xpert.com Corp, Continental Information Systems is engaged via its CIS Corporation subsidiary in providing financing services, including technology and specialty financing, and through its CIS Air Corporation subsidiary in leasing, sales and management of commercial aircraft and aircraft engines.

This press release contains forward looking statements that involve risks and uncertainties. The actual results may differ significantly from those currently anticipated. Among the factors that could cause actual results to differ materially are those set forth above and the other risk factors described from time to time in the Company's reports filed with the SEC. The Company wishes to caution readers not to place undue reliance on any such forward looking statements, which statements are made pursuant to the Private Securities Litigation Reform Act of 1995 and, as such, speak only as of the date made.