Latin America Becomes Growth Market for Ovid as Regional Sales Rise.

NEW YORK--(BUSINESS WIRE)--July 7, 1998--Ovid Technologies, Inc. [NASDAQ NM: OVID] today announced several major sales in Latin America, evidence that Ovid software and information products are meeting with increased recognition from medical institutions in the region.

Ovid made a commitment to this market in 1997 with the appointment of Adriana Acosta as sales manager for Latin America, and the effort has resulted in a number of significant sales in Mexico, Peru and Chile. Ovid recently signed contracts with the following customers:

-- Bristol-Myers-Squibb, Mexico. The pharmaceutical firm ordered

several Ovid databases including the upcoming Evidence Based Medicine Reviews.

-- Janssen-Cilag, Mexico. Janssen-Cilag, a pharmaceutical company,

purchased subscriptions to all six Ovid Full Text Collections via Ovid Online.

-- ISSSTE, Mexico. Government health network ISSSTE subscribed to

five Ovid Full Text Collections and MEDLINE via Ovid Online.

-- Instituto Nacional de Perinatologia, Mexico. This government

hospital was the first to order four Full Text Collections on CD-ROM.

-- Instituto Mexicano del Seguro Social, Mexico. IMSS, a major

health system, chose Ovid MEDLINE for 90 of their hospitals.

-- Escuela Nacional de Estudios Superiores- Iztacala, Mexico. Part

of the prestigious National University of Mexico, ENEP Iztacala purchased Ovid Online access to five Ovid Full Text Collections, MEDLINE, PsycLIT, and Wilson Library Literature.

-- Laboratorios Recalcine, Chile. Recalcine purchased Online

subscriptions to four Ovid Full Text Collections and MEDLINE.

-- Universidad Iberoamericana de Ciencias y Tecnologia, Chile.

UNICIT installed MEDLINE, AGRICOLA, PAIS International, and Wilson Applied Science and Technology Abstracts in its new library.

-- Clinica Alemana de Santiago, Chile. This hospital purchased an

Online subscription to the Ovid Core Biomedical Collection.

-- Instituto Peruano de Seguridad Social, Peru. This Peruvian Health

Institute was the first in the country to order online access to Ovid's Core Biomedical Collection.

"Ovid Full Text allows us to put electronic journals at our users' fingertips," said Dr. Juan Manuel Garibay, director of information services at Janssen-Cilag in Mexico. "Ovid search software is a powerful tool, and when combined with the Ovid Full Text databases you get a tremendous information resource. It is exceeding our expectations."

"The message has reached Latin America that Ovid is the premier source for medical and academic information products," said Mark Nelson, Ovid's president and CEO. "With improvements in technology and better Internet access in Latin American hospitals, medical schools and research organizations, there is a demand for more advanced search systems. Ovid is taking customers to the next level of search sophistication. We look forward to continued success in this market."

Ovid Technologies, Inc. is a leading provider of electronic information to the scientific, technical and medical markets. Headquartered in New York, Ovid develops sophisticated search software for research-intensive institutions and bundles this technology with full text and bibliographic databases. Ovid software is used by thousands of prominent institutions around the world, including private and public universities, library consortia, pharmaceutical firms and governmental organizations.

For more information, call [phone] in the U.S. or contact your nearest Ovid office or distributor. Or, visit Ovid's Web site at http://www.ovid.com.

All product, company or organizational names are the property of their respective owners.

    CONTACT: Ilyssa Greene
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