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Wednesday, May 20, 2009
CSI Receives Funding Approval for Its First ARRA Project

Easley, SC – (MARKET WIRE) – May 20, 2009 – CSI Technology Outfitters (Computer Software Innovations, Inc. OTCBB: CSWI.OB) announced today that it has been awarded the contract to provide its SmartFusion® accounting software to the Edgefield County Senior Citizen Council (ECSCC). This is the first CSI project that has been approved using funds from the American Recovery and Reinvestment Act (ARRA).

As part of its services, ECSCC coordinates with the South Carolina Department of Transportation (SCDOT) to provide public transportation for senior citizens in rural Edgefield County in order improve accessibility to jobs, medical services, shopping, education, and recreation. The existing accounting software used by ECSCC is not in compliance with SCDOT standards, so the organization is using ARRA funding from SCDOT to purchase CSI SmartFusion accounting software.

“This is the first of what we hope are many CSI projects to receive funding using ARRA funding,”, said Burt Lancaster, CSI VP of Software Sales. “CSI is focused on the education and local government markets and over the past several months we’ve been aggressively connecting with customers and prospects to discuss potential ARRA-funded projects. We have done a very good job of being ahead of the anticipated funding wave and have project quotes in the hands of organizations throughout the southeast.”

About Computer Software Innovations, Inc.

CSI provides software and technology solutions primarily to public sector markets with a substantial presence in southeast education and local government. CSI has more than doubled its revenue in the past two years to over $55 million through organic growth, acquisitions, and demand for its 21st Century School solution. The 21st Century School is a seamless integration of instruction, collaboration, and network solutions. Over 600 organizations have CSI solutions that encompass proprietary accounting software specialized for the public sector, network infrastructure and end devices, IP convergence applications, network management solutions and services, and interactive classroom technologies. More information about CSI (OTCBB: CSWI.OB) is available at www.csioutfitters.com.

Forward-Looking and Cautionary Statements

This release contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Among other things, these statements relate to our financial condition, results of operations and future business plans, operations, opportunities and prospects. In addition, we and our representatives may from time to time make written or oral forward-looking statements, including statements contained in filings with the Securities and Exchange Commission and in our reports to stockholders. These forward-looking statements are generally identified by the words or phrases “may,” “could,” “should,” “expect,” “anticipate,” “plan,” “believe,” “seek,” “estimate,” “predict,” “project” or words of similar import. These forward-looking statements are based upon our current knowledge and assumptions about future events and involve risks and uncertainties that could cause our actual results, performance or achievements to be materially different from any anticipated results, prospects, performance or achievements expressed or implied by such forward-looking statements. These forward-looking statements are not guarantees of future performance. Many factors are beyond our ability to control or predict. You are accordingly cautioned not to place undue reliance on such forward-looking statements, which speak only as of the date that we make them. We do not undertake to update any forward-looking statement that may be made from time to time by or on our behalf.

In our most recent Form 10-K, we have included risk factors and uncertainties that might cause differences between anticipated and actual future results. We have attempted to identify, in context, some of the factors that we currently believe may cause actual future experience and results to differ from our current expectations regarding the relevant matter or subject area. The operations and results of our software and systems integration businesses also may be subject to the effects of other risks and uncertainties, including, but not limited to:

  • a reduction in anticipated sales;
  • an inability to perform customer contracts at anticipated cost levels;
  • our ability to otherwise meet the operating goals established by our business plan;
  • market acceptance of our new software, technology and services offerings;
  • an economic downturn; and
  • changes in the competitive marketplace and/or customer requirements.

Contacts

Company Contact: David Dechant
Computer Software Innovations, Inc.
(864) 855-3900
Ddechant@csioutfitters.com

Investor Contact: Daniel Conway
DC Consulting, LLC
(407) 792-3332
daniel@dcconsultingllc.com

 

  

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