CVN Conversion Services International,

Replaces Laurus Master Fund line of credit EAST HANOVER, N.J., April 17 /PRNewswire-FirstCall/ -- Conversion Services International, Inc. (AMEX:CVN), 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 has executed a replacement revolving line of credit agreement in March 2008 with Access Capital, Inc. This replaces the Company's line of credit with Laurus Master Fund, Ltd. which expired on March 31, 2008. (Logo: http://www.newscom.com/cgi-bin/prnh/20060421/NYF015LOGO ) The Access Capital line of credit provides for borrowing based on the lesser of $3.5 million or a 90% advance rate against eligible accounts receivable, has a three-year term, and an interest rate of prime plus 2.75%. The Company must comply with a $400,000 minimum working capital covenant which is to be measured monthly and must maintain minimum monthly borrowing levels between $2.0 and $2.5 million during the three year term. Scott Newman, chairman and chief executive officer of CSI, stated, "We are very pleased to have closed on this deal with Access Capital. There is no requirement for the Company to issue stock or warrants to Access Capital under this arrangement. We anticipate a reduction in our average annual expense related to borrowing under the line of credit, taking into account both cash payments and equity issued with respect to the previous line of credit, by more than $500,000. We anticipate that this revolver will support our business needs as we continue to expand our services in our core markets. " 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: Porter, LeVay & Rose, Inc. Michael J. Porter, President Jeffrey Myhre, VP -- Editorial 212-564-4700 Media Contact: Tracee Lee Beebe Marketing & Communications Conversion Services International, Inc. 973-560-9400 http://www.newscom.com/cgi-bin/prnh/20060421/NYF015LOGO http://photoarchive.ap.org/ DATASOURCE: Conversion Services International, Inc. CONTACT: Investor Relations, 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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