Cover-All Technologies Inc. Reports Third Quarter Results.

    Business Editors

    FAIR LAWN, N.J.--(BUSINESS WIRE)--Nov. 13, 2002--Cover-All
Technologies Inc. (OTC Bulletin Board-COVR.OB) (the "Company") today
announced results for the quarter ended September 30, 2002.
    Net loss for the three-month period ended September 30, 2002 was
$(355,000), or $(0.02) per share, compared to net loss of $(495,000),
or $(0.03) per share, in the same quarter of 2001. Net income (loss)
for the nine months ended September 30, 2002 was $(421,000), or
$(0.03) per share, compared to $28,000, or $0.00 per share, in the
same period of 2001 inclusive of an extraordinary gain on the
extinguishment of debt of $804,000 (net of income taxes of $536,000),
or $.05 per share, in the same period of 2001.
    For the nine months ended September 30, 2002, the Company's
operating loss was $(303,000) compared to $(1,323,000) in the first
nine months of 2001.
    Total operating revenue for the three-month period ended September
30, 2002 was $1,465,000 compared to $1,528,000 in the same period in
2001. For the nine months ended September 30, 2002, total revenue was
$4,762,000 as compared to $4,720,000 in the same period of 2001.
    John Roblin, Chairman of the Board of Directors, President and
Chief Executive Officer of the Company, stated, "The Company
experienced a net loss in the three and nine months ended September
30, 2002 but showed significant improvement over the same periods in
2001. The Company has been able to maintain its expense reductions and
recurring revenue stream. Cover-All has also been able to
significantly grow its sales pipeline despite market conditions and
longer decision cycles.
    "During the third quarter of 2002, Cover-All continued to
reposition itself in the marketplace from a product-based company to a
solutions provider. We have been meeting with current and potential
customers to get the message out that our solutions offer significant
business benefits today, rich functionality and value over time. The
very positive response has resulted in significant growth in our sales
pipeline and we are optimistic that we will successfully close new
opportunities in the upcoming months. While the current economic
conditions remain challenging, Cover-All is continuing to invest in
our sales and marketing efforts as well as the development of new
capabilities that will be available in early 2003. I believe the
Company is well positioned for success in the current year and
beyond."
    Utilizing the latest thin client and relational database
technology, Cover-All Technologies Inc. specializes in providing
Internet-enabled, strategic, policy and premium software solutions in
the Property and Casualty insurance industry. Cover-All is based in
Fair Lawn, New Jersey. More information may be obtained from the
Company's web site at www.cover-all.com.
    Cover-All, My Insurance Center (MIC) and Insurance Policy Database
(IPD) are trademarks of Cover-All Technologies Inc.

    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, risk associated with increased
competition, customer decisions, delays in productivity programs and
new product introductions, 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, copies of which are available from the SEC or
may be obtained upon request from the Company.
-0-
*T
    The following is a summary of unaudited operating highlights for
the three and nine months ended September 30, 2002 and 2001.

             Cover-All Technologies Inc. and Subsidiaries
                         Operating Highlights

                     Three months ended         Nine months ended
                        September 30,               September 30,
                   ------------------------  ------------------------
                      2002          2001         2002          2001
                   -----------  -----------  -----------  -----------
Revenues:
  Licenses         $    72,000  $    30,000  $   409,000  $   236,000
  Maintenance        1,096,000    1,109,000    3,281,000    3,234,000
  Professional
   Services            164,000      258,000      692,000      984,000
  Application
   Service
   Provider
   ("ASP")
  Services             133,000      131,000      380,000      266,000
                   -----------  -----------  -----------  -----------
  Total Revenues     1,465,000    1,528,000    4,762,000    4,720,000
                   -----------  -----------  -----------  -----------
Cost and Expenses
  Cost of Sales      1,036,000    1,214,000    2,993,000    3,773,000
  Research and
   Development         205,000      106,000      445,000      312,000
  Sales and
   Marketing           186,000      307,000      697,000      978,000
  General and
   Administrative      349,000      334,000      931,000    1,038,000
  Allowance for
   Doubtful
   Accounts                 --       25,000           --      (58,000)
  Other Income              --           --           --     (225,000)
  Interest Expense,
   Net                  44,000       37,000      117,000      214,000
                   -----------  -----------  -----------  -----------
Total Costs and
 Expenses            1,820,000    2,023,000    5,183,000    6,032,000
                   -----------  -----------  -----------  -----------
  Loss Before
   Income Tax
   Benefit         $  (355,000) $  (495,000) $  (421,000) $(1,312,000)
                   -----------  -----------  -----------  -----------
  Income Tax
   (Expense)
   Benefit                  --           --           --      536,000
                   -----------  -----------  -----------  -----------
Loss Before
 Extraordinary
 Items             $  (355,000) $  (495,000) $  (421,000) $  (776,000)
                   -----------  -----------  -----------  -----------
Extraordinary
 Item - Gain on
 Extinguishment of
 Debt (Net of
 Income Tax of
 $536,000)                  --           --           --      804,000
                   -----------  -----------  -----------  -----------
  Net Income
   (Loss)          $  (355,000) $  (495,000) $  (421,000) $    28,000
                   ===========  ===========  ===========  ===========
Basic and Diluted
 Earnings (Loss)
 Per Common Share
 Before
 Extraordinary
 Items             $     (0.02) $     (0.03) $     (0.03) $     (0.05)
                   ===========  ===========  ===========  ===========
Basic and Diluted
 Earnings (Loss)
 Per Common Share  $     (0.02) $     (0.03) $     (0.03) $      0.00
*T                 ===========  ===========  ===========  ===========
    --30--ac/ny*

    CONTACT: For Cover-All:
             Ann Massey, 201/794-4894
             [e-mail]

    KEYWORD: NEW JERSEY
    INDUSTRY KEYWORD: COMPUTERS/ELECTRONICS SOFTWARE INSURANCE
INTERNET EARNINGS
    SOURCE: Cover-All Technologies Inc.