Cover-All Technologies, Inc.

FAIRFIELD, N.J.–(BUSINESS WIRE)–Cover-All Technologies Inc. (OTC Bulletin Board: COVR), a Delaware corporation (“Cover-All” or the “Company”), today announced it has signed a contract with a new customer for the My Insurance Center™ (MIC) suite of products. This multi-year contract will start to generate license revenue in Q4, 2009 and additional license, professional services and maintenance revenue in 2010 and beyond. With an initial focus on the customer’s commercial insurance business, this new implementation will feature Cover-All’s My Insurance Center, a 100% web-based solution that provides real-time management and support for both carriers and agencies..

John Roblin, Chairman of the Board of Directors and Chief Executive Officer of the Company, commented, “We are delighted to welcome our newest customer to Cover-All. They are a leader in their markets and we look forward to working closely with them. We are also confident that through the use of the My Insurance Center suite of products, they will be able to optimize their business leveraging the flexibility, scalability, usability, and consistency afforded by the product set.”

About the company, Mr. Roblin continued, “We have had a strong finish to 2009, due in no small part to the revolutionary capabilities of My Insurance Center and our reputation for delivering on our promises. As we continue to expand our marketing and sales efforts, we are encouraged by the positive response from the marketplace, looking forward to continued growth and success in 2010.”

About Cover-All Technologies Inc.
Cover-All Technologies Inc., since 1981, has been a leader in developing sophisticated software solutions for the property and casualty insurance industry. With My Insurance Center, a 100% web-based platform, Cover-All is building on its reputation for quality insurance solutions, knowledgeable people and outstanding customer service by creating new and innovative insurance solutions that leverage the latest technologies and bring our customers outstanding capabilities and business results.

Pairing state-of-the-art functionality of My Insurance Center with experienced service professionals, who after implementation ensure continued compliance with statutory, regulatory, and market differentiation needs, Cover-All continues its tradition of innovating technology solutions to revolutionize the way the property and casualty insurance business is conducted.

Additional information is available online at www.cover-all.com.

Cover-All®, My Insurance Center™ (MIC) and Insurance Policy Database™ (IPD) are trademarks or registered trademarks of Cover-All Technologies Inc. All other company and product names mentioned are trademarks or registered trademarks of their respective holders.

Forward-looking Statements
Statements in this press release, other than statements of historical information, are forward-looking statements that are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements involve known and unknown risks which may cause the Company’s actual results in future periods to differ materially from expected results. Those risks include, among others, risks associated with increased competition, customer decisions, the successful completion of continuing development of new products, the successful negotiations, execution and implementation of anticipated new software contracts, the successful addition of personnel in the marketing and technical areas, our ability to complete development and sell and license our products at prices which result in sufficient revenues to realize profits and other business factors beyond the Company’s control. Those and other risks are described in the Company’s filings with the Securities and Exchange Commission (“SEC”) over the last 12 months, including but not limited to the Company’s Annual Report on Form 10-K for the year ended December 31, 2008, filed with the SEC on March 30, 2009, and the Company’s Quarterly Report on Form 10-Q for the fiscal quarter ended June 30, 2009, filed with the SEC on August 13, 2009, copies of which are available from the SEC or may be obtained upon request from the Company.

FAIRFIELD, NEW JERSEY (December 9, 2009) – Cover-All Technologies Inc. (OTC Bulletin Board: COVR.OB), a Delaware corporation (“Cover-All” or the “Company”), today announced it has signed two license deals – one with an existing customer for the My Insurance Center™ (MIC) suite of products, including, NexGen Rating and Issuance and one with a former customer returning to Cover-All after several years. These two five-year contracts, in the aggregate, will generate meaningful license revenue in Q4, 2009 and license, professional services and maintenance revenue in 2010 and beyond.

The agreements are as follows:

• A comprehensive agreement with an existing customer which had undertaken a significant effort to replace Cover-All’s legacy product.  Implementation difficulties and delays with the alternative solutions, coupled with the very significant improvements in Cover-All’s MIC platform in the last few years, led the customer to drop plans to move the business and, instead, renew and expand its relationship with Cover-All. The customer is implementing Cover-All’s My Insurance Center for all its commercial business.
•  A large insurance carrier outside the continental United States which had left Cover-All in 2005 and, due to changing business needs, is returning its business to Cover-All.

John Roblin, Chairman of the Board of Directors and Chief Executive Officer of the Company, commented, “We are delighted to have these two important customers – customers we have known for many years — renew and expand their relationship with Cover-All by licensing MIC.  These contracts underscore a period of tremendous activity for Cover-All, and further validate the progress we have been making in improving our product offerings and expanding our market presence. I am particularly gratified that these wins are for customers who had already tried competing solutions but, in both cases, decided to renew and expand their relationship with Cover-All.”

Mr. Roblin continued, “Our entire team is working diligently to implement a portion of these projects during the fourth quarter, which would result in our recognizing a portion of the license fees before the end of 2009.  We expect to complete the implementations during 2010, resulting in additional license, professional services and maintenance revenue.”

About Cover-All Technologies Inc.
Cover-All Technologies Inc., since 1981, has been a leader in developing sophisticated software solutions for the property and casualty insurance industry. With My Insurance Center, a 100% web-based platform, Cover-All is building on its reputation for quality insurance solutions, knowledgeable people and outstanding customer service by creating new and innovative insurance solutions that leverage the latest technologies and bring our customers outstanding capabilities and business results.

Pairing state-of-the-art functionality of My Insurance Center with experienced service professionals, who after implementation ensure continued compliance with statutory, regulatory, and market differentiation needs, Cover-All continues its tradition of innovating technology solutions to revolutionize the way the property and casualty insurance business is conducted.

Additional information is available online at www.cover-all.com.

Cover-All®, My Insurance Center™ (MIC) and Insurance Policy Database™ (IPD) are trademarks or registered trademarks of Cover-All Technologies Inc. All other company and product names mentioned are trademarks or registered trademarks of their respective holders.

Forward-looking Statements
Statements in this press release, other than statements of historical information, are forward-looking statements that are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995.  Forward-looking statements involve known and unknown risks which may cause the Company’s actual results in future periods to differ materially from expected results.  Those risks include, among others, risks associated with increased competition, customer decisions, the successful completion of continuing development of new products, the successful negotiations, execution and implementation of anticipated new software contracts, the successful addition of personnel in the marketing and technical areas, our ability to complete development and sell and license our products at prices which result in sufficient revenues to realize profits and other business factors beyond the Company’s control.  Those and other risks are described in the Company’s filings with the Securities and Exchange Commission (“SEC”) over the last 12 months, including but not limited to the Company’s Annual Report on Form 10-K for the year ended December 31, 2008, filed with the SEC on March 30, 2009, and the Company’s Quarterly Report on Form 10-Q for the fiscal quarter ended June 30, 2009, filed with the SEC on August 13, 2009, copies of which are available from the SEC or may be obtained upon request from the Company.
For information on Cover-All, contact:
Ann Massey
Chief Financial Officer
973/461-5190
amassey@cover-all.com

Cover-All Technologies Inc. Announces Third Quarter 2009 Financial Results
 
Company Release – 11/12/2009 16:01

 
Company Reports 11th Consecutive Profitable Quarter

Continuing Revenue Increases 15.7% Year-to-Date

FAIRFIELD, N.J.–(BUSINESS WIRE)– Cover-All Technologies Inc. (OTC Bulletin Board: COVR.OB), a Delaware corporation (”Cover-All” or the “Company”), today announced financial results for the third quarter ended September 30, 2009.

Operational Highlights:

    –  Continuing revenue (maintenance and ASP revenue from contracts) for the
        first nine months of 2009 was $5.3 million, up 15.7% compared to the
        $4.6 million in the prior-year period. Continuing revenue for the third
        quarter of 2009 was $1.8 million, up 10.5% from $1.6 million in the same
        period in 2008.
    –  Professional services revenue for the first nine months of 2009 was $2.6
        million, up 16.5% compared to $2.2 million in the same period in 2008.
        Professional services revenue for the third quarter of 2009 was
        $599,000, down 5.6% compared to $635,000 for the same period in 2008.
    –  Total expenses (cost of revenue and operating expenses) for the first
        nine months of 2009 were flat at $7.7 million, compared to $7.7 million
        in the same period in 2008.
    –  Net income for the nine months ended September 30, 2009 was $650,000, or
        $0.03 per share, compared to $2.6 million, or $0.11 per share, in the
        same period of 2008. Net income for the three months ended September 30,
        2009 was $21,000, or $0.00 per share, compared to $1.7 million, or $0.07
        per share, in the same quarter of 2008.
    –  The Company’s balance sheet remains strong with stockholders’ equity at
        a record $8.0 million as of September 30, 2009. The Company completed
        the third quarter of 2009 with $3.7 million in cash, $4.8 million in
        working capital and no debt.
John Roblin, Chairman of the Board of Directors and Chief Executive Officer of the Company, commented, “Cover-All maintained its profitability and expanded its continuing, or recurring, revenue base, setting the stage for continued success. The third quarter of 2008 was particularly strong, with $2.6 million in non-recurring license revenues booked, creating a challenging comparison for both the quarterly and year-to-date periods this year. However, we remain confident that we are on the right path.”

Year-to-Date Financial Results

Total revenues for the nine months ended September 30, 2009 were $8.4 million, compared to $10.3 million for the same period in 2008, a decrease of 19%. License revenue was $484,000, compared to $3.5 million for the same period in 2008. In aggregate, maintenance and ASP revenue, which together represent continuing revenue, was $5.3 million for the first nine months of 2009, up 15.7% from $4.6 million in the same period in 2008. Professional services revenue for the first nine months of 2009 was $2.6 million, up 16.5% compared to $2.2 million for the same period in 2008.

Total expenses (cost of revenue and operating expenses) for the first nine months of 2009 were flat at $7.7 million compared to $7.7 million for the same period in 2008. Net income for the nine months ended September 30, 2009 was $650,000, or $0.03 per share (based on 25.0 million weighted average diluted shares), compared to $2.6 million, or $0.11 per share (based on 24.3 million weighted average diluted shares), in the same period of 2008.

Third Quarter Financial Results

Total revenues for the three months ended September 30, 2009 were $2.6 million, compared to $4.8 million for the same period in 2008, a decrease of 46.8%. License revenue was $178,000, compared to $2.6 million for the same period in 2008. In aggregate, maintenance and ASP revenue, which together represent continuing revenue, was $1.8 million for the third quarter of 2009, up 10.5% from $1.6 million in the same period in 2008. Professional services revenue for the third quarter of 2009 was $599,000, down 5.6% compared to $635,000 for the same period in 2008.

Total expenses (cost of revenue and operating expenses) for the three months ended September 30, 2009 decreased 19.6% to $2.5 million from $3.1 million for the three months ended September 30, 2008. Net income for the three months ended September 30, 2009 was $21,000, or $0.00 per share (based on 25.2 million weighted average diluted shares), compared to $1.7 million, or $0.07 per share (based on 25.1 million weighted average diluted shares), in the same quarter of 2008.

“We continue to execute our strategic plan and increase the long-term earnings power of the Company,” added Mr. Roblin, “Simultaneously, we are leveraging our strong financial position and consistent profitability to continue investments in research and development with the goal of broadening our product offering. As a result of our efforts, the independent analyst firm, Celent, gave our My Insurance Center(TM) product an extremely positive review in a recent report widely circulated within the insurance industry. This industry acclaim is helping our marketing efforts and has resulted in a notable increase of inquiries from potential customers, validating our confidence going forward.”

Balance Sheet

Stockholders’ equity was $8.0 million as of September 30, 2009 compared to $7.8 million as of December 31, 2008. Total assets decreased to $10.5 million as of September 30, 2009 compared to $11.0 million as of December 31, 2008. As of September 30, 2009, the Company had $3.7 million in cash, $4.8 million in working capital and no debt.

Conference Call Information

Management will conduct a live teleconference to discuss its third quarter 2009 financial results at 4:30 p.m. ET on Thursday, November 12, 2009. Anyone interested in participating should call 877-941-8418 if calling from the United States, or 480-629-9809 if dialing internationally. A replay will be available until November 19, 2009, which can be accessed by dialing 800-406-7325 within the United States and 303-590-3030 if dialing internationally. Please use passcode 4181228 to access the replay. In addition, the call will be webcast and will be available on the Company’s website at www.cover-all.com or by visiting http://viavid.net/dce.aspx?sid=00006CBF.

About Cover-All Technologies Inc.

Cover-All Technologies Inc., since 1981, has been a leader in developing sophisticated software solutions for the property and casualty insurance industry – first to deliver PC-based commercial insurance rating and policy issuance software. Currently, Cover-All is building on its reputation for quality insurance solutions, knowledgeable people and outstanding customer service by creating new and innovative insurance solutions that leverage the latest technologies and bring our customers outstanding capabilities and value.

With extensive insurance knowledge, experience and commitment to quality, Cover-All continues its tradition of developing technology solutions designed to revolutionize the way the property and casualty insurance business is conducted. Additional information is available online at www.cover-all.com.

Cover-All(R), My Insurance Center(TM) (MIC) and Insurance Policy Database(TM) (IPD) are trademarks or registered trademarks of Cover-All Technologies Inc. All other company and product names mentioned are trademarks or registered trademarks of their respective holders.

Forward-looking Statements

Statements in this press release, other than statements of historical information, are forward-looking statements that are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements involve known and unknown risks which may cause the Company’s actual results in future periods to differ materially from expected results. Those risks include, among others, risks associated with increased competition, customer decisions, the successful completion of continuing development of new products, the successful negotiations, execution and implementation of anticipated new software contracts, the successful addition of personnel in the marketing and technical areas, our ability to complete development and sell and license our products at prices which result in sufficient revenues to realize profits and other business factors beyond the Company’s control. Those and other risks are described in the Company’s filings with the Securities and Exchange Commission (”SEC”) over the last 12 months, including but not limited to the Company’s Annual Report on Form 10-K for the year ended December 31, 2008, filed with the SEC on March 30, 2009, and the Company’s Quarterly Report on Form 10-Q for the fiscal quarter ended June 30, 2009, filed with the SEC on August 13, 2009, copies of which are available from the SEC or may be obtained upon request from the Company.

Click Here for a full version of the Press Release

Company Release – 09/28/2009 09:35

FAIRFIELD, N.J.–(BUSINESS WIRE)– Cover-All Technologies Inc. (OTC Bulletin Board: COVR), a leading provider of comprehensive business solutions and services for the property and casualty insurance industry, today unveiled the results of a rebranding initiative that has culminated in an exciting new look and a powerful web presence.

“The overhaul of our storefront was a major component of our messaging strategy,” says Miguel Edwards, Senior Vice-President of Business Development. “Communicating with our audience is an evolutionary process and our new site, like our products, includes technology that allows us to be flexible and nimble in how we chose to reach the market.”

The streamlined site boasts a new esthetic that is emblematic of Cover-All’s image of contemporary expertise, while communicating strong messaging that describes the company’s powerful capabilities. Also in the works to compliment the website (www.cover-all.com) is a blog where Cover-All’s “thought leaders” will share insights and perspectives with their user community and the overall industry.

About Cover-All Technologies Inc.

Cover-All Technologies Inc., since 1981, has been a leader in developing sophisticated software solutions for the property and casualty insurance industry. With My Insurance Center, a 100% web-based platform, Cover-All is building on its reputation for quality insurance solutions, knowledgeable people and outstanding customer service by creating new and innovative insurance solutions that leverage the latest technologies and bring our customers outstanding capabilities and business results.

Pairing state-of-the-art functionality of My Insurance Center with experienced service professionals, who after implementation ensure continued compliance with statutory, regulatory, and market differentiation needs, Cover-All continues its tradition of innovating technology solutions to revolutionize the way the property and casualty insurance business is conducted.

Additional information is available online at www.cover-all.com.

Cover-All(R), My Insurance Center(TM) (MIC) and Insurance Policy Database(TM) (IPD) are trademarks or registered trademarks of Cover-All Technologies Inc. All other company and product names mentioned are trademarks or registered trademarks of their respective holders.

Company Release – 08/04/2009 13:36
FAIRFIELD, N.J.–(BUSINESS WIRE)– Cover-All Technologies Inc. (OTC Bulletin Board: COVR.OB), a provider of comprehensive business solutions for the property and casualty insurance industry, today announced that management will conduct a live teleconference to discuss its second quarter 2009 financial results. The call is scheduled for 4:30 p.m. ET on Thursday, August 13, 2009. Management expects to issue its financial results after the market closes on Thursday, August 13, 2009.

Anyone interested in participating should call 1-877-941-1465 if calling from the United States, or 1-480-629-9678 if dialing internationally. A replay will be available until August 20, 2009, which can be accessed by dialing 1-800-406-7325 within the United States and 1-303-590-3030 if dialing internationally. Please use passcode 4134625 to access the replay. In addition, the call will be webcast and will be available on the Company’s website at www.cover-all.com or by visiting http://viavid.net/dce.aspx?sid=0000689B.

With our extensive insurance knowledge, our experience and our commitment to quality, Cover-All continues its tradition of developing technology solutions designed to revolutionize the way the property and casualty insurance business is conducted.

Additional information is available online at www.cover-all.com.

Cover-All(R), My Insurance Center(TM) (MIC) and Insurance Policy Database(TM) (IPD) are trademarks or registered trademarks of Cover-All Technologies Inc. All other company and product names mentioned are trademarks or registered trademarks of their respective holders.

Contact: Cover-All Technologies Inc. Ann Massey Chief Financial Officer 973-461-5190 amassey@cover-all.com or Investor: Hayden IR Brett Maas, Principal 646-536-7331 brett@haydenir.com