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FOR IMMEDIATE RELEASE

For more information, contact:
David Simon, Treasurer and CFO
800.545.4274 or dsimon@csiweb.com

   

CSI Authorizes $5 Million Addition to Share Repurchase Program 

PADUCAH, Ky. – (July 14, 2009) – Computer Services, Inc. (CSI) (OTCQX: CSVI) announced that its Board of Directors authorized a $5 million increase in the Company’s share repurchase program.  The share repurchase program may be carried out through open market purchases, block trades and in negotiated private transactions.

“The Board’s authorization to expand our buyback program of CSI’s shares highlights our confidence in the future of our Company,” stated Steven A. Powless, President and CEO of CSI.  “We believe CSI’s stock represents an excellent value at recent prices.  We plan to use our existing cash reserves and strong cash flow from operations to fund the repurchase program. We believe the share repurchase program also provides the opportunity to leverage future earnings per share by reducing the shares outstanding.”

About Computer Services, Inc.
Computer Services, Inc. (CSI) delivers core banking, payments processing, Internet, card services, risk assessment, fraud prevention, network management, and regulatory compliance solutions to over 4,600 financial institutions and corporate entities.  Technology planning, local account managers and world-class customer service explain why CSI has come to be known as one of the nation's premier providers of banking solutions.  CSI’s stock is traded on the OTCQX under the symbol CSVI.  For more information about CSI, visit www.csiweb.com.

This news release contains "forward-looking statements" as that term is defined in the Private Securities Litigation Reform Act of 1995. All statements except historical statements contained herein constitute “forward-looking statements.” Forward-looking statements are inherently uncertain and are based only on current expectations and assumptions that are subject to future developments that may cause results to differ materially. Readers should carefully consider: (i) economic, competitive, technological and governmental factors affecting CSI’s operations, customers, markets, services, products and prices; and (ii) other factors discussed in CSI's Information and Disclosure Statements and other documents posted from time to time on the OTCQX website, including without limitation, the description of the nature of CSI's business and its management discussion and analysis of financial condition and results of operations for reported periods.  CSI undertakes no obligation to update, and is not responsible for updating, the information contained in this release beyond the publication date, whether as a result of new information or future events, or to conform the statement to actual results or changes in CSI's expectations, or otherwise or for changes made to this document by wire services or Internet services.

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