PADUCAH, Ky. – (December 29, 2008) – 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 additional authorization brings the total to $40.0 million since its share repurchase program was initially announced in March 2004.  CSI has repurchased approximately $33.0 million of the Company’s shares through the end of its third fiscal quarter ending November 30, 2008.  The share repurchase program may be carried out through open market purchases, block trades and in negotiated private transactions.

“We believe CSI’s stock represents an excellent value at recent prices and this increase in the share repurchase program highlights the Board’s confidence in our Company’s future,” stated Steven A. Powless, President and CEO of CSI.  “This is the third increase in the share repurchase program authorized by our Board this year.  We intend to fund the increase in our repurchase program from existing cash reserves and from our strong cash flow from operations.

“CSI recently reported record revenues and net income for our third fiscal quarter, our 19th consecutive quarter of improved revenues and net income.  Our excellent results have benefited from the companies we acquired over the past few years and from continued growth in our core processing business.  We remain positive about our future based on the prospects for our new products and services, diversified revenue mix and our long-term data processing contracts,” concluded Mr. Powless.

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 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 otherwise or for changes made to this document by wire services or Internet services.

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