Cover-All Technologies Inc. Announces Second Quarter 2009 Financial Results.

Company Reports 10(th) Consecutive Profitable Quarter

Continuing Revenue Increases 18.6% Year-To-Date

FAIRFIELD, N.J. -- Cover-All Technologies Inc. (OTC Bulletin Board: COVR.OB), a Delaware corporation ("Cover-All" or the "Company"), today announced financial results for the quarter ended June 30, 2009.

Operational Highlights:

* Year-to-Date revenue increased 5.2% to $5.8 million compared to $5.5 million for the same period in 2008. Second quarter revenue was $2.7 million, compared to $2.5 million for the same period in 2008, an increase of 9.1%.

* Continuing revenue (maintenance and ASP revenue from contracts) for the first six months of 2009 was $3.5 million, up 18.6% compared to the $3.0 million in the prior-year period. Continuing revenue for the second quarter of 2009 was $1.8 million, up 16.9% from $1.5 million in the same period in 2008.

* Professional services revenue for the first six months of 2009 was $2.0 million, up 17.9% compared to $1.7 million in the same period in 2008. Professional services revenue for the second quarter of 2009 was $891,000, up 7.4% compared to $829,000 for the same period in 2008.

* Total expenses (cost of revenue and operating expenses) for the first six months of 2009 was $5.2 million, up from $4.7 million in the same period in 2008.

* Net income for the six months ended June 30, 2009 was $629,000, or $0.03 per share, compared to $872,000, or $0.04 per share, in the same period of 2008. Net income for the three months ended June 30, 2009 was $194,000, or $0.01 per share, compared to $292,000, or $0.01 per share, in the same quarter of 2008.

* The Company's balance sheet remains strong with stockholders' equity at $7.9 million as of June 30, 2009. The Company completed the second quarter of 2009 with $4.4 million in cash, $5.0 million in working capital and no debt.

John Roblin, Chairman of the Board of Directors and Chief Executive Officer of the Company, commented, "Cover-All continues to ramp its continuing, or recurring, revenue base, increasing our long-term revenue visibility and resulting in our tenth consecutive quarter of profitability. Simultaneously, we are utilizing our strong financial position and profitability to increase investments in research and development to broaden our product offering and ultimately expand the Company's earnings power. Our R&D initiatives have enabled us to launch our new Workers' Compensation product as part of our My Insurance Center[TM] (MIC) NexGen suite, as well as our Massachusetts Commercial Automobile Rating & Policy Issuance product. Our Workers' Compensation product is already in production at one major carrier and went live with a second customer in July, 2009.. Our Massachusetts Commercial Automobile Rating & Policy Issuance product was launched after developing and testing this product for an existing customer. These two products are a clear example of Cover-All's ability to respond to our customers' business needs with proven technology, and we expect to announce additional product launches during the second half of the year to further augment our MIC platform."

Year-to-Date Financial Results

Total revenues for the six months ended June 30, 2009 were $5.8 million, compared to $5.5 million for the same period in 2008, an increase of 5.2%. License revenue was $306,000, compared to $869,000 for the same period in 2008. In aggregate, maintenance and ASP revenue, which together represent continuing revenue, was $3.5 million for the first six months of 2009, up 18.6% from $3.0 million in the same period in 2008. Professional services revenue for the first six months of 2009 was $2.0 million, up 17.9% compared to $1.7 million for the same period in 2008.

Total expenses (cost of revenue and operating expenses) for the first six months of 2009 increased 11.9% to $5.2 million from $4.7 million for the same period in 2008. Net income for the six months ended June 30, 2009 was $629,000, or $0.03 per share (based on 24.9 million weighted average diluted shares), compared to $872,000, or $0.04 per share (based on 24.0 million weighted average diluted shares), in the same period of 2008.

Mr. Roblin continued, "We have strategically increased our investment in sales and marketing, with the goal of expanding Cover-All's presence in the marketplace. Already, we have received a positive review by Celent, a leading independent analyst firm. This review, in the report 'Policy Administration Systems for Commercial Lines P/C Insurers US 2009,' is widely circulated in the insurance industry. In Celent's analysis of our technology, breadth of functionality, and size of our customer base, no other vendor ranked as high when considering these three factors together. This report has already been well-received in the marketplace and helps to provide Cover-All even greater creditability with new customers."

Second Quarter Financial Results

Total revenues for the three months ended June 30, 2009 were $2.7 million, compared to $2.5 million for the same period in 2008, an increase of 9.1%. License revenue was $83,000, compared to $171,000 for the same period in 2008. In aggregate, maintenance and ASP revenue, which together represent continuing revenue, was $1.8 million for the second quarter of 2009, up 16.9% from $1.5 million in the same period in 2008. Professional services revenue for the second quarter of 2009 was $891,000, up 7.4% compared to $829,000 for the same period in 2008.

Total expenses (cost of revenue and operating expenses) for the three months ended June 30, 2009 quarter increased 15.3% to $2.6 million from $2.2 million. Net income for the three months ended June 30, 2009 was $194,000, or $0.01 per share (based on 25.0 million weighted average diluted shares), compared to $292,000, or $0.01 per share (based on 24.1 million weighted average diluted shares), in the same quarter of 2008.

Stockholders' equity was $7.9 million as of June 30, 2009 compared to $7.8 million as of December 31, 2008. Total assets increased to $10.4 million as of June 30, 2009 compared to $11.0 million as of December 31, 2008. As of June 30, 2009, the Company had $4.4 million in cash, $5.0 million in working capital and no debt.

Conference Call Information

Management will conduct a live teleconference to discuss its second quarter 2009 financial results at 4:30 p.m. ET on Thursday, August 13, 2009. Anyone interested in participating should call 1-877-941-1465 if calling from the United States, or 1-480-629-9678 if dialing internationally. A replay will be available until August 20, 2009, which can be accessed by dialing 1-800-406-7325 within the United States and 1-303-590-3030 if dialing internationally. Please use passcode 4134625 to access the replay. In addition, the call will be webcast and will be available on the Company's website at www.cover-all.com or by visiting http://viavid.net/dce.aspx?sid=0000689B.

About Cover-All Technologies Inc.

Cover-All Technologies Inc., since 1981, has been a leader in developing sophisticated software solutions for the property and casualty insurance industry - first to deliver PC-based commercial insurance rating and policy issuance software. Currently, Cover-All is building on its reputation for quality insurance solutions, knowledgeable people and outstanding customer service by creating new and innovative insurance solutions that leverage the latest technologies and bring our customers outstanding capabilities and value.

With our extensive insurance knowledge, our experience and our commitment to quality, Cover-All continues its tradition of developing technology solutions designed to revolutionize the way the property and casualty insurance business is conducted.

Additional information is available online at www.cover-all.com.

Cover-All[R], My Insurance Center[TM] (MIC) and Insurance Policy Database[TM] (IPD) are trademarks or registered trademarks of Cover-All Technologies Inc. All other company and product names mentioned are trademarks or registered trademarks of their respective holders.

Forward-looking Statements

Statements in this press release, other than statements of historical information, are forward-looking statements that are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements involve known and unknown risks which may cause the Company's actual results in future periods to differ materially from expected results. Those risks include, among others, risks associated with increased competition, customer decisions, the successful completion of continuing development of new products, the successful negotiations, execution and implementation of anticipated new software contracts, the successful addition of personnel in the marketing and technical areas, our ability to complete development and sell and license our products at prices which result in sufficient revenues to realize profits and other business factors beyond the Company's control. Those and other risks are described in the Company's filings with the Securities and Exchange Commission ("SEC") over the last 12 months, including but not limited to the Company's Annual Report on Form 10-K for the year ended December 31, 2008, filed with the SEC on March 30, 2009, copies of which are available from the SEC or may be obtained upon request from the Company.

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