Cover-All Technologies Inc. Reports Strong First Quarter 2008 Operating Results.

Revenues Up 55%, Net Income Up 314%

FAIRFIELD, N.J. -- Cover-All Technologies Inc. (OTC Bulletin Board: COVR), a Delaware corporation ("Cover-All" or the "Company"), today announced results of operations for the quarter ended March 31, 2008.

Net income for the three months ended March 31, 2008 increased 314% to $580,000 compared to $140,000 for the same period in 2007. Diluted earnings per share doubled to $0.02 for the first quarter of 2008 from $0.01 for the first quarter of 2007. Revenues for the three months ended March 31, 2008 were $2,996,000 as compared to $1,931,000 in the same period in 2007, representing a 55% increase.

First quarter 2008 shareholder equity increased to $3,160,000 as of March 31, 2008 from $2,285,000 as of December 31, 2007. Total assets increased to $6,109,000 as of March 31, 2008 compared to $5,864,000 as of December 31, 2007.

John Roblin, Chairman of the Board of Directors, President and Chief Executive Officer of the Company, stated: "We are extremely pleased with our first quarter 2008 financial results. This performance reflects the continued adoption by our customers of our My Insurance Center([TM]) platform. We are expanding our delivery bandwidth while maintaining our costs in line with our revenues through improved productivity and technology in order to meet increased demand.

"In the first quarter 2008, revenues increased significantly from existing customers as they continued to expand their use of My Insurance Center. All our revenue categories increased in the first quarter of 2008 compared to the same period in 2007. Our license revenue for the three months ended March 31, 2008 was up 244% compared to the three months ended March 31, 2007. Services revenues, consisting of maintenance, professional services and ASP in the aggregate, were up 33% in the three months ended March 31, 2008 compared to the same period in 2007.

"Our balance sheet continues to show significant growth in assets and shareholder equity.

"We believe that we are well positioned to continue our growth and profitability in 2008. Our strong customer base has increased interest in our products and capabilities. The continuing development in 2008 of new My Insurance Center components and services enables us to expand our inventory of offerings available to existing and prospective customers.

"We are focused on building upon and leveraging our capabilities to bring value to our existing and prospective customers. We remain committed to bringing outstanding value to our customers, shareholders and employees. We are excited, energized and challenged by the opportunities we continue to see in 2008 and are optimistic about our 2008 annual financial results."

Conference Call Information

The Company has scheduled a conference call for 2:00 p.m. EDT on Friday, May 2, 2008, at which time it will review results for the quarter ended March 31, 2008.

Teleconference Information: To participate in the Friday teleconference, dial 877-669-3047 (domestic) and 706-634-1767 (international). The conference ID # is 45877446.

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, 2007, filed with the SEC on March 28, 2008, copies of which are available from the SEC or may be obtained upon request from the Company.

The following is a summary of operating highlights for the three months ended March 31, 2008 and 2007 and the consolidated balance sheet as of March 31, 2008 and December 31, 2007:

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