CVN Conversion Services International,

EAST HANOVER, N.J., April 23 /PRNewswire-FirstCall/ -- Conversion Services International, Inc. (AMEX:CVN) ("CSI"), a premier professional services firm focused on delivering business intelligence and business process optimization solutions to Global 2000 organizations and other businesses, today announced that it had converted $600,000 in debt to equity during March 2008. (Logo: http://www.newscom.com/cgi-bin/prnh/20060421/NYF015LOGO ) Bill Hendry, chief financial officer of CSI, stated, "In December 2007, we made the final payment of $250,000 to repay our debt to Sands Brothers Venture Capital LLC, and we converted $2.5 million of debt to equity. In March 2008, we converted another $600,000 of long-term debt to equity. We are very pleased to have completed this transaction as we continue to strengthen our balance sheet. Also, in March 2008, we replaced our previous line of credit with Laurus Master Fund Ltd. with a new line of credit with Access Capital, Inc." Hendry concluded, "We have made progress toward improving the Company's capital structure during the last few months and we expect to continue to make further improvements." Scott Newman, chairman and chief executive officer of CSI, stated, "This strengthening of our capital structure will allow us to pursue our business strategy with greater flexibility and enhance our ability to pursue acquisitions that are complementary to our business. Despite the economic climate, we are continuing to win new contracts and expand our customer base." About Conversion Services International, Inc. Conversion Services International, Inc. (CSI) is a provider of professional services focusing on strategic consulting, data warehousing, business intelligence, business process reengineering, as well as integration and information technology management solutions. CSI offers an array of products and services to help companies define, develop, and implement the warehousing and strategic use of both enterprise-wide and specific categories of strategic data. CSI's customers include ADP, Coach, Goldman Sachs, Liberty Mutual, Merck, Morgan Stanley, and Pfizer. Information about CSI can be found on the web at http://www.csiwhq.com/ or by calling its corporate headquarters at 888-CSI-5036. Note on Forward-Looking Statements Except for the historical information contained herein, this press release contains, among other things, certain forward-looking statements, within the meaning of the Private Securities Litigation Reform Act of 1995 that involve risks and uncertainties. Such statements may include, without limitation, statements with respect to CSI's plans, objectives, expectations and intentions and other statements identified by words such as "may," "could," "would," "should," "believes," "expects," "anticipates," "estimates," "intends," "plans" or similar expressions. Actual results may differ from those set forth in the forward-looking statements. These forward-looking statements involve certain risks and uncertainties that are subject to change based on various factors (many of which are beyond CSI's control). CSI undertakes no obligation to update publicly any forward-looking statements. Investor Relations: Media Contact: Porter, LeVay & Rose, Inc. Tracee Lee Beebe Michael J. Porter, President Marketing & Communications Jeffrey Myhre, VP -- Editorial Conversion Services International, Inc. 212-564-4700 973-560-9400 http://www.newscom.com/cgi-bin/prnh/20060421/NYF015LOGO http://photoarchive.ap.org/ DATASOURCE: Conversion Services International, Inc. CONTACT: Investors, Michael J. Porter, President, or Jeffrey Myhre, VP, Editorial, +1-212-564-4700, both of Porter, LeVay & Rose, Inc. for Conversion Services International, Inc.; or Media, Tracee Lee Beebe, Marketing & Communications of Conversion Services International, Inc., +1-973-560-9400, Web site: http://www.csiwhq.com/

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