Screen Actors Guild Producers Pension Plan Selects Covansys to Implement New Retirement System.

Business Editors/High-Tech Writers

FARMINGTON HILLS, Mich.--(BUSINESS WIRE)--June 7, 2004

New Clarety System Designed to Improve Pension Administration Services for Entertainment Industry Plan

Covansys Corporation (Nasdaq: CVNS), a global consulting and technology services company, today announced that the Screen Actors Guild - Producers Pension Plan (SAG-PP) has selected it to implement a new pension administration system designed to provide some of the biggest names in the entertainment industry with improved retirement services.

SAG-PP was established in 1960 as a result of a collective bargaining agreement between producers in the motion picture and television industry and the Screen Actors Guild. The company is committed to addressing the needs of the plan participants by providing a comprehensive pension benefit program, in a prudent and fiscally responsible manner.

Under the terms of the contract, Covansys will replace SAG-PP's legacy system with its cutting-edge, browser-based pension administration product, Clarety. Scheduled to be fully implemented by March 2005, the new retirement system will allow the Plan to improve member services and decrease administrative costs by automating many of the routine processing tasks.

Actors and actresses using the new system will also enjoy new features and improved self-service functionality, including more robust and accurate pension calculators and online functionality that facilitates changes of address and/or beneficiaries.

"SAG-PP's current pension administration system just didn't have the bandwidth to keep up with our member needs and increasingly complex pension administration requirements," said Nader Karimi, Chief Information Officer, SAG-PP. "We chose Covansys for this implementation because of their long and successful track record implementing retirement systems nationwide, and because of their state-of-the-art Clarety product."

Based on retirement industry best practices, Covansys' easy-to-use, web-based Clarety product combines functionality with flexibility, allowing SAG-PP to provide its members with a highly customized paradigm of service. The new system will accommodate, for instance, the needs of members who use a different professional name, as well as those whose fame allows them to be identified by only a first name or a stage name.

The Clarety product, which is easily adaptable to multiple technical platforms, also features the following core functionality:

-- Electronic document management

-- Automation of paper and manual processes

-- Improved pension reporting capabilities

-- Enhanced customer service functions

-- Improved data quality

-- Reduced processing times for requested services

"SAG-PP is to be commended for leveraging retirement industry best practices and state-of-the-art technology to provide improved pension administration services to its membership," said Martin C. Clague, Covansys president and CEO. "Covansys looks forward to providing our customer-centric Clarety solution to the many talented people who have devoted their lives to keeping the rest of us entertained."

Serving a wide range of private and public sector clients, Covansys helps its clients achieve rapid deployment, world-class quality and reduced costs by successfully delivering industry-specific solutions, strategic outsourcing and integration services using an on-site, offsite, offshore delivery model. In the retirement sector, Covansys has emerged as a technology leader, providing retirement solutions and services for 21 different public retirement funds.

About Covansys

Headquartered in Michigan, Covansys Corporation (Nasdaq: CVNS) is a global consulting and technology services company specializing in industry-specific solutions, strategic outsourcing and integration services. Clients gain competitive advantage by leveraging our unique on-site, offsite, offshore delivery capability to achieve rapid deployment, world-class quality and reduced costs. A leader in the public sector market, Covansys is also known for application maintenance and development outsourcing in the healthcare, financial services, retail and distribution, manufacturing, telecommunications, and high-tech industries. Founded in 1985, with over 5,100 employees worldwide, Covansys was one of the first U.S.-based IT services companies to establish offshore facilities in India, and is a pioneer in seamlessly integrating offshore capabilities into its offerings. Two of the company's three wholly owned development centers in India are assessed at Level 5 in SEI CMM(R). All three are ISO 9001:2000 certified and assessed at Level 5 in PCMM(R). Covansys was named one of the leading IT companies for state and local governments in 2002, 2003 and 2004 by Washington Technology magazine, and one of the top 500 solution providers in 2002 and 2003 by VARBusiness magazine. Visit our web site: www.covansys.com.