NSTC Ness Technologies, Inc. (MM)

Company to Develop and Maintain New System for Housing Assistance Programs Management TEL AVIV, Israel, January 24 /PRNewswire-FirstCall/ -- Ness Technologies, Inc. (NASDAQ:NSTC), a global provider of information technology services and solutions, today announced that it has won a contract with Israel's Ministry of Construction and Housing to develop, operate and maintain a new system for managing housing assistance programs. The new system will serve the main missions of the ministry's Housing Division, including determining the eligibility level of applicants for housing assistance and providing assistance to those deemed eligible. The system will handle about 250,000 people annually. The contract is valued at approximately $7 million. Within the context of the project, the ministry's old system, based on a mainframe platform, will be replaced. The new system will enable multiple online operations to be performed vis-a-vis housing companies and banks. In addition, the system will enable the public to perform various actions, from checking eligibility for housing assistance to checking on the progress of a query made to the ministry, as part of the e-government process. The new solution combines innovative mechanisms of business rules, processes, knowledge and document management. "Israel's Construction and Housing Ministry has been a client of Ness Technologies for the past several years," said Yafa Farber, manager of Ness Israel's Projects and Integration Group. "Ness is delighted to have the opportunity to use the extensive knowledge accrued by its staff to develop the system's next generation." The Ministry of Construction and Housing stated that "This project continues the successful cooperation between the ministry and Ness Technologies. The project combines the challenges of improving service to eligible applicants, developing innovative and advanced systems, preserving the business knowledge accrued by the existing staff for the last 15 years, and integrating it in the project. We are convinced that Ness will meet these challenges successfully." About Ness Technologies Ness Technologies (NASDAQ:NSTC) is a global provider of end-to-end IT services and solutions designed to help clients improve competitiveness and efficiency. Ness specializes in outsourcing and offshore, systems integration and application development, software and consulting, and quality assurance and training. With over 7,800 employees, Ness maintains operations in 18 countries, and partners with numerous software and hardware vendors worldwide. For more information about Ness Technologies, visit http://www.ness.com/. Forward Looking Statement This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements often are preceded by words such as "believes," "expects," "may," "anticipates," "plans," "intends," "assumes," "will" or similar expressions. Forward-looking statements reflect management's current expectations, as of the date of this press release, and involve certain risks and uncertainties. Ness' actual results could differ materially from those anticipated in these forward looking statements as a result of various factors. Some of the factors that could cause future results to materially differ from the recent results or those projected in forward-looking statements include the "Risk Factors" described in Ness' Annual Report of Form 10-K filed with the Securities and Exchange Commission on March 14, 2007. Ness is under no obligation to, and expressly disclaims any obligation to, update or alter its forward-looking statements, whether as a result of such changes, new information, subsequent events or otherwise. Ness Technologies media contact: David Kanaan, USA: 1-888-244-4919, Intl: +972-3-540-8188, Email: ; Ness Technologies investor contact: Drew Wright, USA: +1-201-488-3262, Email: . DATASOURCE: Ness Technologies Inc CONTACT: Ness Technologies media contact: David Kanaan, USA: +1-888-244-4919, Intl: +972-3-540-8188, Email: ; Ness Technologies investor contact: Drew Wright, USA: +1-201-488-3262, Email: .

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