FOR IMMEDIATE RELEASE

For more information, contact:   David L. Simon, Treasurer & CFO
800-545-4274, ext. 10126 or dsimon@csiweb.com

                                                                                                                           
CSI Announces Cash Dividend

PADUCAH, Ky. – (March 6, 2008) – Computer Services, Inc. (CSI) (OTCQX: CSVI) announced that its Board of Directors declared a quarterly cash dividend of $0.16 per share, representing an indicated annual dividend rate of $0.64 per share. The cash dividend is payable on March 31, 2008, to shareholders of record as of the close of business on March 17, 2008.

“CSI’s dividend is an important part of our strategy to build long-term shareholder value,” stated Steven A. Powless, President and CEO of CSI.  “This dividend represents a 23% increase from the cash dividend paid in March of 2007 and highlights our strong financial condition and continued growth in revenues and earnings.”

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 3,500 financial institutions.  Technology planning, local account managers and world-class customer service explain why CSI has been known as the nation's premier provider of banking solutions for over 40 years.   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 the 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 otherwiseor for changes made to this document by wire services or Internet services.

 

Printer Friendly