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Sep 27 2011
0

Cover-All Technologies’ My Insurance Center NexGen achieves high marks among commercial lines policy administration vendors.

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FAIRFIELD, N.J.–(BUSINESS WIRE)– Cover-All Technologies Inc. (NYSE AMEX:COVR), a leading provider of comprehensive technology solutions for the property and casualty insurance industry, today announced the favorable review by the independent analyst firm Celent, in their recently published report, Policy Administration System Vendors North American Commercial P/C Insurance 2011. The Celent report describes My Insurance Center(MIC) NexGen as “one of the most advanced and configurable systems available in the market.”

Celent’s ABCD Vendor View is an evaluation framework that provides an easy-to-understand picture of a complex marketplace. The Celent report profiled over 50 policy administration systems in use for commercial lines, considering elements relative to core processes, advanced functionality, end-to-end components, usability & analytics, technology, and implementation. Other factors, including the number of clients in production and actual client testimonials, were also considered in the report.

In a crowded market space Cover-All’s My Insurance Center NexGen solution was highly recognized in the report in the areas of customer base, breadth of functionality, advanced technology and depth of service. The Cover-All profile concluded with the following statement by Celent analysts Ben Moreland and Donald Light: “By leveraging strong SOA design, adapter libraries, single code base, and a strong configuration approach, MIC NexGen is a must consideration for any commercial lines vendor considerations.”

“We are honored to be recognized in such high regard by one of the industry’s leading firms”, said John Roblin, Cover-All’s CEO. “Moreso, we are privileged and pleased to have received such excellent references from our customers, as they are the true reflection of our success.”

Manish Shah, Cover-All’s President & CTO, remarked, “Scoring high marks across all categories of functionality was not a surprise, as we have been diligent to make My Insurance Center NexGen what in our view is the most comprehensive solution available in the market. Utilizing our strong industry expertise and building the solution from the ground up with all modern technology — and free of any legacy code — we believe afford us a competitive advantage over those solutions that continue to build new façades on top of outdated technology as well as over those solutions that are based on modern technology but lack functionality depth and maturity.” Shah continues, “We are pleased with the recognition received in this report, however we view it as a lagging indicator as we have enhanced our solution significantly in the months since the review of My Insurance Center NexGen was undertaken. Our customers are enjoying dynamic growth while we continue to invest, innovate, and deliver outstanding products and services to our customers.”

The MIC NexGen business acquisition platform provides agility and flexibility to facilitate speed to market, increased channel reach through portal access, 3rd party services, and ease of use via its intuitive and highly configurable frontend. Furthermore, Cover-All offers the full complement of complete ready-built ISO and NCCI commercial lines products which should not be mistaken for starter templates or data feeds.

Click here to Download the XCelent Profile Report

About Cover-All Technologies Inc.

Cover-All Technologies Inc. is a leader in developing sophisticated software solutions for the property and casualty insurance industry. With our industry leading Business Acquisition Platform – My Insurance Center, and the recently announced Business Intelligence Solution Cover-All continues to expand its growing inventory of business focused, advanced technology solutions. The “New” Cover-all continues to innovate while leveraging its reputation for quality insurance solutions, knowledgeable people and outstanding customer service to enable our customers to achieve superior business results.

Pairing state-of-the-art functionality of My Insurance Center NexGen & the NexGen Business Intelligence Suite 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, 2010, filed with the SEC on March 24, 2011, and Post-Effective Amendment No. 3 to Form S-1 on Form S-3 (File No. 333-156397) filed with the SEC on July 26, 2011, copies of which are available from the SEC or may be obtained upon request from the Company.

 

Cover-All
Ann Massey, 973-461-5190
Chief Financial Officer
amassey@cover-all.com
or
Miguel A Edwards, 973-461-5211
SVP, Business Development
medwards@cover-all.com
or
Investor:
Hayden IR
Brett Maas, 646-536-7331
Principal
brett@haydenir.com

Source: Cover-All Technologies Inc.

Aug 11 2011
0

Cover-All Announces Revenue Growth of 20.6% and Earnings Growth of 46.7%, for YTD 2011

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FAIRFIELD, NEW JERSEY (August 11, 2011) – Cover-All Technologies Inc. (NYSE Amex: COVR), a Delaware corporation (“Cover-All” or the “Company”), today announced financial results for the quarter ended June 30, 2011.

Operational Highlights:

  • Cover-All was listed on the NYSE Amex stock exchange on May 25, 2011.
  • For the six months ended June 30, 2011 revenue was $10.2 million compared to $8.4 million for the comparable period in 2010, an increase of 20.6%. The $10.2 million in revenue was the highest first-half revenue total in Cover-All’s history.
  • License revenue for the six months ended June 30, 2011 was $3.8 million, up 165.7% compared to $1.4 million for the same period in 2010.
  • Support Services revenue for the six months ended June 30, 2011 was $4.2 million, up 5.8% compared to $4.0 million in the same period in 2010. The Company combined two of its revenue categories, “Maintenance” and “Application Service Provider (“ASP”) services,” on the statements of operations in the first quarter of 2011 and 2010 and will be reporting these revenue categories as “Support Services” going forward.
  • Net Profit for the six months ended June 30, 2011 was $1.9 million, or $.07 per fully diluted share, up 46.7% compared to $1.3 million, or $.05 per fully diluted share in the comparable period in 2010.
  • Revenue for Q2, 2011 was $5.0 million, the third best quarter in Cover-All history, up 6.4% over Q2, 2010.
  • Net Profit for Q2, 2011 was $.7M, or $.03 per fully diluted share, up 20.4% over Q2, 2010
  • The Company’s balance sheet remains strong with stockholders’ equity at a record $17.4 million as of June 30, 2011. The Company completed the first half of 2011 with $4.0 million in cash, $5.6 million in working capital and no long-term debt.
  • Cover-All announced general availability and first customer delivery of its NexGen Business Intelligence Suite, which can be implemented either as an integrated component of My Insurance Center Business Acquisition Platform or as a stand-alone solution that can leverage data from virtually any insurance source system.
  • Cover-All delivered its new My Insurance Center NexGen Commercial Package Product as promised to the first two customers and is now available for general release.

John Roblin, Chairman of the Board of Directors and Chief Executive Officer of the Company, commented, “Cover-All continues to execute on our aggressive product rollout and growth strategy while delivering record revenues and operating income.  These year-to-date and quarterly results represent a very successful continuation of the strong start we reported in our first quarter of 2011. We remain focused on expanding our business profitably. The second quarter was our third best revenue quarter ever, and in the first six months of this year, we grew revenues 20.6% compared to last year’s first six months. We grew operating and net income by 30.5% and 46.7%, respectively, year-to-date over last year, which demonstrates the increasing flexibility in our business model. Year-to-date EPS of $0.07 per diluted share is a new record, exceeding any first six month period by 40%.”

Financial Results for the Six Months Ended June 30, 2011

Total revenues for the six months ended June 30, 2011 were $10.2 million compared to $8.4 million for the same period in 2010, an increase of 20.6%. License revenue was up 165.7% to $3.8 million compared to $1.4 million for the same period in 2010. Support Services (formerly Maintenance and ASP revenue, which together represent contracted continuing revenue), was $4.2 million for the six months ended June 30, 2011, up 5.8% from $4.0 million in the same period in 2010. Professional Services revenue for the six months ended June 30, 2011 was $2.1 million, down 29.3% compared to $3.0 million for the same period in 2010.

 

Total expenses (cost of revenue and operating expenses) for the six months ended June 30, 2011 were $8.3 million, up 18.6% compared to $7.0 million in the comparable period of 2010. Operating income for the six months ended June 30, 2011 was $1.9 million up 30.5% compared to $1.5 million in the comparable period in 2010. Net income for the six months ended June 30, 2011 was up 46.7% to $1.9 million, or $0.08 per basic and $0.07 per diluted share (based on 25.1 million basic and 26.4 million diluted weighted average shares, respectively), compared to $1.3 million, or $0.05 per basic and diluted share (based on 24.8 million basic and 25.6 million diluted weighted average shares, respectively), in the same period of 2010. The first quarter of 2010 included $285,000, or approximately $0.01 per share, in expenses related to the Business Intelligence asset acquisition.

Financial Results for the Three Months Ended June 30, 2011

Total revenues for the three months ended June 30, 2011 were $5.0 million compared to $4.7 million for the same period in 2010, an increase of 6.4%. License revenue was up 375.6% to $1.9 million compared to $396,000 for the same period in 2010. Support Services (formerly Maintenance and ASP revenue, which together represent contracted continuing revenue), was $2.1 million for the three months ended June 30, 2011, compared to $2.0 million in the same period in 2010. Professional Services revenue for the quarter was $1.0 million, down 55.6%, compared to $2.3 million for the same period in 2010.

 

Total expenses (cost of revenue and operating expenses) for the quarter ended June 30, 2011 were $4.3 million, up 7.4% compared to $4.0 million in the comparable period of 2010. Operating income for the quarter ended June 30, 2011 was $675,000 compared to $673,000 in the comparable period in 2010. Net income for the quarter ended June 30, 2011 was up 20.5% to $681,000, or $0.03 per basic and diluted share (based on 25.2 million basic and 26.6 million diluted weighted average shares, respectively), compared to $566,000, or $0.02 per basic and diluted share (based on 24.8 million basic and 25.8 million diluted weighted average shares, respectively), in the same period of 2010.

 

Mr. Roblin concluded, “We delivered our new NexGen Commercial Package product in the second quarter to two customers and announced general availability of our NexGen Business Intelligence Suite.  The latter is an important milestone as we have nearly completed transitioning the business model of our Business Intelligence acquisition in 2010 from a professional services-only sales model to a product and support model that can be broadly and quickly implemented, delivering value to customers quickly. Our new Business Intelligence product is fully integrated into our My Insurance Center Business Acquisition Platform and will also be sold as a stand-alone product. This product and the NexGen products are already being actively marketed and sold, and as a result our sales pipeline has reached the highest levels in our company’s history. We are better positioned than ever to meet our aggressive objectives in 2011 and beyond.”

 

Balance Sheet

Stockholders’ equity was $17.4 million as of June 30, 2011 compared to $15.2 million as of December 31, 2010. Total assets increased to almost $21.0 million as of June 30, 2011 compared to $19.5 million as of December 31, 2010. As of June 30, 2011, the Company had $4.0 million in cash, $5.6 million in working capital, up from $5.0 million at December 31, 2010, and up sequentially from $5.5 million at March 31, 2011, and no long term debt.

Conference Call

Management will conduct a live teleconference to discuss its 2011 second quarter financial results at 4:30 p.m. ET on Thursday, August 11, 2011. Anyone interested in participating should call 1-877-941-4775 if calling from the United States, or 1-480-629-9761 if dialing internationally. A replay will be available until August 18, 2011, which can be accessed by dialing 1-877-870-5176 within the United States and 1-858-384-5517 if dialing internationally. Please use passcode 4464112 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=00008B20.

About Cover-All Technologies Inc.

Cover-All Technologies Inc. is a leader in developing sophisticated software solutions for the property and casualty insurance industry. With our industry leading Business Acquisition Platform – My Insurance Center, and the recently announced Business Intelligence Solution Cover-All continues to expand its growing inventory of business focused, advanced technology solutions. The “New” Cover-all continues to innovate while leveraging its reputation for quality insurance solutions, knowledgeable people and outstanding customer service to enable our customers to achieve superior business results.

Pairing state-of-the-art functionality of My Insurance Center NexGen and the NexGen Business Intelligence Suite 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.

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, 2010, filed with the SEC on March 24, 2011, and Post-Effective Amendment No. 3 on Form S-3 (File No. 333-156397) filed with the SEC on July 26, 2011 copies of which are available from the SEC or may be obtained upon request from the Company.

Click here for the full press release

 

For information on Cover-All, contact:

Ann Massey

Chief Financial Officer

973/461-5190

amassey@cover-all.com

 

Investor Contact:

Hayden IR

Brett Maas, Principal

(646) 536-7331

Aug 05 2011
0

Cover-All to Report Q2 2011 Financial Results

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FAIRFIELD, NJ—August 5, 2011–Cover-All Technologies Inc. (NYSE-Amex: COVR), a Delaware corporation (“Cover-All” or the “Company”), today announced that management will report its 2011 second quarter financial results after the market close on Thursday, August 11, 2011.

Management will conduct a live teleconference to discuss its 2011 second quarter financial results at 4:30 p.m. ET on Thursday, August 11, 2011. Anyone interested in participating should call 1-877-941-4775 if calling from the United States, or 1-480-629-9761 if dialing internationally. A replay will be available until August 18, 2011, which can be accessed by dialing 1-877-870-5176 within the United States and 1-858-384-5517 if dialing internationally. Please use passcode 4464112 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=00008B20.

About Cover-All Technologies Inc.

Cover-All Technologies Inc. is a leader in developing sophisticated software solutions for the property and casualty insurance industry. With our industry leading Business Acquisition Platform – My Insurance Center, and the recently announced Business Intelligence Solution Cover-All continues to expand its growing inventory of business focused, advanced technology solutions. The “New” Cover-all continues to innovate while leveraging its reputation for quality insurance solutions, knowledgeable people and outstanding customer service to enable our customers to achieve superior business results.

Pairing state-of-the-art functionality of My Insurance Center NexGen & the NexGen Business Intelligence Suite 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.

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

Jul 19 2011
0

Cover-All to Ring the NYSE Opening Bell

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FAIRFIELD, NEW JERSEY (July 19, 2011) – Cover-All Technologies Inc. (NYSE-Amex: COVR), a Delaware corporation (“Cover-All” or the “Company”), announced today that it has been invited to ring The New York Stock Exchange Stock Market Opening Bell on Wednesday, July 20, 2011. John Roblin, Chairman and CEO, Cover-All Technologies, as well as other members of senior management and the Board of Directors will participate in this special event. This event highlights Cover-All’s successful approval for listing on the NYSE Amex stock exchange. Cover-All began trading on the NYSE Amex under the trading symbol ‘COVR’ on May 25, 2011.

“Ringing the bell for the NYSE Stock Exchange is a huge honor for us and allows us to highlight our relationship with the world’s preeminent stock exchange,” said Mr. Roblin. “It reflects the culmination of significant efforts made by our employees and board of directors to transform our company over the last several years so that we could make the move to this prestigious exchange. This is a great opportunity to recognize our employees, board of directors, customers and investors for their support.”

Photos and a recording of the Opening BellSM will be available on the NYSE web site at www.nyse.com or on Cover-All’s web site, http://www.cover-all.com/openingbell several hours after the open.

About NYSE Euronext
NYSE Euronext (NYX) is a leading global operator of financial markets and provider of innovative trading technologies. The company’s exchanges in Europe and the United States trade equities, futures, options, fixed-income and exchange-traded products. With approximately 8,000 listed issues (excluding European Structured Products), NYSE Euronext’s equities markets – the New York Stock Exchange, NYSE Euronext, NYSE Amex, NYSE Alternext and NYSE Arca – represent one-third of the world’s equities trading, the most liquidity of any global exchange group. NYSE Euronext also operates NYSE Liffe, one of the leading European derivatives businesses and the world’s second-largest derivatives business by value of trading. The company offers comprehensive commercial technology, connectivity and market data products and services through NYSE Technologies. NYSE Euronext is in the S&P 500 index, and is the only exchange operator in the Fortune 500. For more information, please visit: http://www.nyx.com.

About Cover-All Technologies Inc.
Cover-All Technologies Inc. is a leader in developing sophisticated software solutions for the property and casualty insurance industry. With our industry leading Business Acquisition Platform – My Insurance Center, and the recently announced Business Intelligence Solution Cover-All continues to expand its growing inventory of business focused, advanced technology solutions. The “New” Cover-all continues to innovate while leveraging its reputation for quality insurance solutions, knowledgeable people and outstanding customer service to enable our customers to achieve superior business results.

Pairing state-of-the-art functionality of My Insurance Center NexGen & the NexGen Business Intelligence Suite 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, 2010, filed with the SEC on March 24, 2011, and Post-Effective Amendment No. 2 to Form S-1 (File No. 333-156397) filed with the SEC on May 10, 2011, 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

Investor Contact:
Hayden IR
Brett Maas, Principal
(646) 536-7331
brett@haydenir.com

Jun 29 2011
0

Cover-All Technologies Delivers NexGen Enterprise Business Intelligence Solution to Insurance Carrier

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FAIRFIELD, NEW JERSEY (June 29, 2011) – Cover-All Technologies Inc. (NYSE-Amex: COVR), a Delaware corporation, today announced that it has delivered its recently released NexGen Business Intelligence Suite to a customer –  the AIX Group, a member of the Hanover Insurance Group.

The NexGen Business Intelligence Suite provides a turnkey solution which brings data from various existing policy, claims and reinsurance source systems, and leverages pre-built logic to reconcile and populate a global data warehouse, global data mart and a multidimensional cube that delivers critical and timely business information via intuitive dashboards, reports and analytics tools to business leaders.   

AIX’s choice to leverage Cover-All’s NexGen BI solution was largely based on the comprehensiveness and speed with which they could deploy and implement this intuitive product. Two critical success factors include providing a singular view of business performance and delivering actionable information to all levels of the organization.

“The benefits of Business Intelligence technology have proven elusive until now for P&C organizations due mainly to the complexities of property & casualty data combined with multiple legacy systems,” commented Manish Shah, President and CTO of Cover-All.  “The industry has been searching for a turnkey solution supported by the latest information management practices, in-depth insurance processing knowledge, powered by modern and flexible technology. Cover-All accepted the challenge. Leveraging our extensive experience in insurance solutions, combined with an innovative design utilizing the latest technologies, we have created what we believe is the most advanced, comprehensive and ultra-configurable business intelligence solution available.  We are pleased that AIX, a valued business partner, will be among the first to implement and reap the rewards of our flexible and extensible product.”

“Most Business Intelligence initiatives start from a blank slate,” continued Mr. Shah. “Even with the most advanced BI tools in industry, overcoming the learning curve associated with insurance specific information often proves expensive, time consuming, and sometimes impossible.  By leveraging our off-the-shelf configurable solution, designed specifically for the Property & Casualty industry, customers will be able to realize a competitive edge very quickly.”

 Cover-All’s NexGen Business Intelligence Suite provides proven data models addressing core insurance subject areas, and supporting global and diverse insurance business needs with pre-built ETL between various data models for faster implementation. Leveraging OLAP technology and a product-based approach, NexGen Business Intelligence is delivered with 177 metrics, viewable across 134 dimensions – all pre-configured to support a rapid implementation.   Administratively elegant, the product provides analytical capabilities secured at the user level, allowing highly configurable dashboards and scorecards, while enabling a consistent enterprise view of information for analysis and planning.

About Cover-All Technologies Inc.

Cover-All Technologies Inc. is a leader in developing sophisticated software solutions for the property and casualty insurance industry. With our industry leading Business Acquisition Platform – My Insurance Center, and the recently announced Business Intelligence Solution Cover-All continues to expand its growing inventory of business focused, advanced technology solutions. The “New” Cover-all continues to innovate while leveraging its reputation for quality insurance solutions, knowledgeable people and outstanding customer service to enable our customers to achieve superior business results.

Pairing state-of-the-art functionality of My Insurance Center NexGen & the NexGen Business Intelligence Suite 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.

For information on Cover-All, contact:

Miguel A Edwards
SVP, Business Development
973/461-5211
medwards@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, 2010, filed with the SEC on March 24, 2011, and Post-Effective Amendment No. 1 to Form S-1 (File No. 333-156397) filed with the SEC on May 10, 2011, 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

Investor Contact:
Hayden IR
Brett Maas, Principal
(646) 536-7331
brett@haydenir.com

Jun 27 2011
0

Cover-All Technologies Inc. Joins Russell Microcap Index

Added by admin

FAIRFIELD, NEW JERSEY (June 27, 2011) – Cover-All Technologies Inc. (NYSE-Amex: COVR), a Delaware corporation (“Cover-All” or the “Company”), announced today that it has been selected for inclusion in the Russell Microcap® Index according to the final list of additions posted June 27, 2011 on www.russell.com/indexes.

Membership in the Russell Microcap Index, which remains in place for one year, means automatic inclusion in the appropriate growth and value style indexes. Russell determines membership for its equity indexes primarily by objective, market-capitalization rankings and style attributes.

Russell indexes are widely used by investment managers and institutional investors for index funds and as benchmarks for both passive and active investment strategies. An industry-leading $3.9 trillion in institutional assets currently are benchmarked to them.

Annual reconstitution of Russell Indexes captures the 4,000 largest U.S. stocks as of the end of May, ranking them by total market capitalization to create the Russell 3000® Index and Russell Microcap. These investment tools originated from Russell’s multi-manager investment business in the early 1980s when the company saw the need for a more objective, market-driven set of benchmarks in order to evaluate outside investment managers.

More information on the Russell Microcap and other Russell Indexes, including daily returns, is available at http://www.russell.com/Indexes/data/default.asp. 

About Russell

Russell Investments provides strategic advice, world-class implementation, state-of-the-art performance benchmarks and a range of institutional-quality investment products. Russell has more than $161 billion in assets under management as of March 31 2011, and serves individual, institutional and advisor clients in more than 35 countries. Founded in 1936, Russell is a subsidiary of The Northwestern Mutual Life Insurance Company.  

About Cover-All Technologies Inc.

Cover-All Technologies Inc. is a leader in developing sophisticated software solutions for the property and casualty insurance industry. With our industry leading Business Acquisition Platform – My Insurance Center, and the recently announced Business Intelligence Solution Cover-All continues to expand its growing inventory of business focused, advanced technology solutions. The “New” Cover-all continues to innovate while leveraging its reputation for quality insurance solutions, knowledgeable people and outstanding customer service to enable our customers to achieve superior business results.

 Pairing state-of-the-art functionality of My Insurance Center NexGen & the NexGen Business Intelligence Suite 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, 2010, filed with the SEC on March 24, 2011, and Post-Effective Amendment No. 2 to Form S-1 (File No. 333-156397) filed with the SEC on May 10, 2011, 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

Investor Contact:

Hayden IR
Brett Maas, Principal
(646) 536-7331
brett@haydenir.com

Jun 06 2011
0

Cover-All unveils its new NexGen Business Intelligence Suite

Added by admin

A powerful and robust turnkey solution designed to integrate with My Insurance Center™ Business Acquisition Platform™ or exist as a stand-alone Business Intelligence solution – available today.

FAIRFIELD, NEW JERSEY (June 6, 2011) – Cover-All Technologies Inc. (NYSE-Amex: COVR), a Delaware corporation, today at the annual IASA Conference announced the general availability of its NexGen Business Intelligence Suite, which can be leveraged either as an integrated component of My Insurance Center Business Acquisition Platform or as a stand-alone solution that can leverage data from virtually any insurance source system.

“We believe the NexGen Business Intelligence Suite is the industry’s most advanced and in-depth end-to-end solution,” described Manish Shah, President and CTO of the Company. “The NexGen Business Intelligence Suite provides data models for pre-staging, staging, warehouse and data mart covering core insurance subject areas, supporting global and diverse insurance business needs. Leveraging OLAP technology, the NexGen Business Intelligence Suite delivers hundreds of insurance metrics and slicing capabilities through various dimensions. Additionally, the included data flows between data models are developed based on several years of experience working with numerous source systems and their associated limitations. Emanating from our extensible and proven data model, the solution is designed to unify data from multiple business units, operating on multiple administrative platforms, into a consistent enterprise view of information for analysis and planning. With built-in performance management and analytics capabilities, which leverage secure user-configurable dashboards and scorecards, ours is truly a differentiated solution for insurance organizations.”

Mr. Shah added, “We already have a customer signed up to take advantage of these capabilities before the end of the second quarter.”

Cover-All architected the NexGen Business Intelligence Suite to be entirely turn-key, yet flexible enough to accommodate the nuances of each property & casualty insurance organization, in addition to being extensible for future business needs.

Shailesh Mehrotra, Vice President of Business Intelligence, explained, “The need for Business Intelligence capabilities is largely unchallenged in the insurance marketplace. The NexGen Business Intelligence Suite delivers on the promise of these capabilities by shortening the time and cost of implementation through our solution combined with our in-depth knowledge of the insurance processing complexities. Already serving a range of carriers, from large multinationals to smaller national players, our data model, ready-built ETL library, and comprehensive presentation layer can be fully operational in a three to six month timeframe – and even faster when integrated with My Insurance Center.”

“From our perspective, Business Intelligence initiatives for an organization should be strategically aligned with the business challenge,” continued Mr. Mehrotra. “Starting with a blank slate will risk the success of these initiatives very early on. Too often, these initiatives rush into delivery with only a limited understanding of the complexity of insurance data which places massive constraints on the extensibility of the solution. Further, these Business Intelligence systems are sometimes built for a specific user population and the accuracy of the information is often called into question.  Ultimately, the business quite simply isn’t being served.  A very attractive alternative is to leverage a turnkey solution which is the culmination of years of insurance experience, based on the latest information management practices, and most importantly, proven in the industry.”

“Today, more than ever before, insurance leaders need timely and accurate information to take advantage of opportunities and manage risk,” added John Roblin, Chairman and CEO. “Until now, the powerful capabilities of business intelligence technology have been elusive because of the complexities of property & casualty insurance and legacy systems.  Cover-All developed our revolutionary NexGen Business Intelligence Suite to not only be powerful but also capable of delivering results in very short time frames. Over the last four years we have combined the latest technologies with a data-centric design and our deep understanding of insurance. Now, we are essentially a new company with industry leading technology and a rich solution set that is legacy code free and leverages the latest in Web 2.0 technology.  Our NexGen Business Intelligence Suite is an exciting addition to our capabilities and is generating significant excitement with existing customers and prospects alike.”

About Cover-All Technologies Inc.

Cover-All Technologies Inc. is a leader in developing sophisticated software solutions for the property and casualty insurance industry. With our industry leading Business Acquisition Platform – My Insurance Center, and the recently announced Business Intelligence Solution Cover-All continues to expand its growing inventory of business focused, advanced technology solutions. The “New” Cover-all continues to innovate while leveraging its reputation for quality insurance solutions, knowledgeable people and outstanding customer service to enable our customers to achieve superior business results.

Pairing state-of-the-art functionality of My Insurance Center NexGen & the NexGen Business Intelligence Suite 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.

For information on Cover-All, contact:

Miguel A Edwards
SVP, Business Development
973/461-5211
medwards@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, 2010, filed with the SEC on March 24, 2011, and Post-Effective Amendment No. 1 to Form S-1 (File No. 333-156397) filed with the SEC on May 10, 2011, 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

Investor Contact:
Hayden IR
Brett Maas, Principal
(646) 536-7331
brett@haydenir.com

May 23 2011
0

Cover-All Receives Approval for Listing on NYSE Amex

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FAIRFIELD, N.J.–(BUSINESS WIRE)– Cover-All Technologies Inc. (OTCQB: COVR.PK), a Delaware corporation, today announced that it has received notification that its common stock has been approved for listing on the NYSE Amex stock exchange and has chosen Brendan E. Cryan & Co. LLC as its designated market maker. Cover-All Technologies expects its common stock to begin trading on the NYSE Amex under the trading symbol ‘COVR’ on May 25, 2011. Cover-All’s common stock will continue to trade on the OTCQB under its current symbol, “COVR.PK,” until such date.

“Our listing on the NYSE Amex marks a significant milestone in the transformation of our company,” said John Roblin, Chairman and Chief Executive Officer. “Over the past several years, in preparation for this important move, we have been consistent in our approach to strategic and corporate development, taking steps to strengthen our balance sheet, streamline our operations and maintain our profitable financial performance. We believe that this move to the NYSE Amex is in the best interests of our shareholders and we expect it to result in increased visibility within the investment community and additional liquidity in the capital markets for our common stock.”

In advance of the Company’s anticipated listing with the NYSE Amex and in order to comply fully with their listing requirements, the Company enhanced its corporate governance practices and procedures by reconstituting its Board of Directors Compensation Committee and by revising its Audit Committee Charter. The Compensation Committee is now comprised of directors Stephen Mulready and Earl Gallegos, each of whom is independent under NYSE Amex listing standards. A copy of the Amended and Restated Audit Committee Charter can be found on the Company’s website at www.cover-all.com.

“We welcome Cover-All Technologies to the NYSE Euronext family of listed companies and to NYSE Amex, ” said Scott Cutler, Executive Vice President, NYSE Euronext. “Cover-All and its shareholders will benefit from superior market quality and technology, a broad array of issuer and investor services, and a global brand association. We look forward to building a strong and lasting partnership with the Company and its shareholders.”

About NYSE Euronext

NYSE Euronext (NYX) is a leading global operator of financial markets and provider of innovative trading technologies. The company’s exchanges in Europe and the United States trade equities, futures, options, fixed-income and exchange-traded products. With approximately 8,000 listed issues (excluding European Structured Products), NYSE Euronext’s equities markets – the New York Stock Exchange, NYSE Euronext, NYSE Amex, NYSE Alternext and NYSE Arca – represent one-third of the world’s equities trading, the most liquidity of any global exchange group. NYSE Euronext also operates NYSE Liffe, one of the leading European derivatives businesses and the world’s second-largest derivatives business by value of trading. The company offers comprehensive commercial technology, connectivity and market data products and services through NYSE Technologies. NYSE Euronext is in the S&P 500 index, and is the only exchange operator in the Fortune 500. For more information, please visit: http://www.nyx.com.

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, 2010, filed with the SEC on March 24, 2011, and Post-Effective Amendment No. 1 to Form S-1 (File No. 333-156397) filed with the SEC on May 10, 2011, copies of which are available from the SEC or may be obtained upon request from the Company.

Contact:

For information on Cover-All, contact:
Ann Massey, Chief Financial Officer, 973/461-5190
amassey@cover-all.com
or
Investor Contact:
Hayden IR
Brett Maas, Principal, (646) 536-7331
brett@haydenir.com
May 12 2011
0

Cover-All Announces 38.5% Revenue Growth, $0.05 Earnings per Share, for First Quarter 2011

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FAIRFIELD, NEW JERSEY (May 12, 2011) – Cover-All Technologies Inc. (OTCQB: COVR.PK), a Delaware corporation (“Cover-All” or the “Company”), today announced financial results for the quarter ended March 31, 2011.

Operational Highlights:

  • For the quarter ended March 31, 2011 revenue was $5.2 million compared to $3.8 million for the comparable period in 2010, an increase of 38.5%. The $5.2 million in revenue was the second-highest quarterly level in Cover-All’s history.
  • Support Services for the quarter ended March 31, 2011 was $2.1 million, up 8.2% compared to $2.0 million for the same period in 2010. The Company combined two of its revenue categories, “Maintenance” and “Application Service Provider (“ASP”) services,” on the statements of operations for the first quarter of 2011 and 2010 and will be reporting these revenue categories as “Support Services” going forward.
  • Operating income for the quarter ended March 31, 2011 was $1.2 million compared to $792,000 in the comparable period in 2010.
  • The Company’s balance sheet remains strong with stockholders’ equity at a record $16.6 million as of March 31, 2011. The Company completed the first quarter of 2011 with $4.4 million in cash, $5.5 million in working capital and no long-term debt.
  • Announced the general availability of the new ISO®-based NexGen Commercial Automobile product for 50 US jurisdictions.
  • Expanded the sales and marketing team, consistent with strategic growth plans; Cover-All added a Director of Marketing, a Senior Account Executive, and a Director of New Markets, with over 30 years of combined industry experience.

John Roblin, Chairman of the Board of Directors and Chief Executive Officer of the Company, commented, “Our focus in 2011 is expansion and profitable growth. These first quarter results represent a very strong start to what we believe will be a great year.
“Quarterly revenues grew 38.5% from the year-ago period and operating income increased 56.2%, demonstrating that we are successfully leveraging our technology and human capital to create products that are creating excitement in the marketplace. Led by the release of the NexGen Commercial Automobile product in the first quarter and the impending release of our NexGen Commercial Package and NexGen Business Intelligence products in the second quarter, we are positioned to meet our aggressive objectives.
“We have nearly completed transitioning the business model of our Business Intelligence acquisition in 2010 from a professional services-only sales model to focus more on recurring revenue. As we near the completion of our new Business Intelligence product, our focus has shifted to our more traditional licensing, professional services and support model. Our new Business Intelligence product will be fully integrated into our My Insurance Center Business Acquisition platform and will also be sold as a stand-alone product. This product and the NexGen products are already being actively marketed and sold.”

Financial Results for the Quarter Ended March 31, 2011
Total revenues for the quarter ended March 31, 2011 were $5.2 million compared to $3.8 million for the same period in 2010, an increase of 38.5%. License revenue was up 86.6% to $2.0 million, compared to $1.1 million for the same period in 2010. Support Services (formerly Maintenance and ASP revenue, which together represent contracted continuing revenue), was $2.1 million for the year ended March 31, 2011, up 8.2% from $2.0 million in the same period in 2010. Professional Services revenue for the quarter ended March 31, 2011 was $1.1 million, up 49.9% compared to $749,000 for the same period in 2010.

Total expenses (cost of revenue and operating expenses) for the quarter ended March 31, 2011 were $4.0 million, up 33.7% compared to $3.0 million in the comparable period of 2010. Net income for the quarter ended March 31, 2011 was $1.2 million, or $0.05 per basic and diluted share (based on 25.1 million basic and 26.2 million diluted weighted average shares, respectively), compared to $720,000, or $0.03 per share (based on 24.7 million basic and 25.4 million diluted weighted average shares, respectively), in the same period of 2010. The first quarter of last year included $285,000, or approximately $0.01 per share, in expenses related to the Business Intelligence asset acquisition.

Mr. Roblin continued, “By the end of the first quarter of 2011, we rolled out the ISO®-based NexGen Commercial Automobile product for 50 US jurisdictions, which creates a significant competitive advantage. This technology offers the entire ISO®-based Commercial Auto product – with all coverages, vehicle types, forms, rating algorithms and statistical codes to various distribution channels such as retail agents, Brokers, Program Administrators and others – without the need for separate portal products. In addition to what we believe is unrivaled flexibility, the product is both robust and efficient for the carriers’ business operations. We also have our new NexGen Commercial Package (Property, General Liability, Crime & Inland Marine) product for 20 states release already delivered and we expect that all 50 states will be delivered by the end of July. We demonstrated all our new NexGen products as well as our new Business Intelligence solution to rave reviews at our recent Customer Conference. The availability of these new products was also a driving factor in the recent significant expansion of our sales and marketing team. These key individuals represent a wealth of industry contacts, domain knowledge, and demonstrated success selling solutions in the complex world of property and casualty insurance.”

Mr. Roblin concluded, “We already have signed contracts for all three of our new products with some of our customers. We are also in various stages of discussion with additional new and current customers for these products and our pipeline of interest is very strong. Based on early feedback from existing customers, prospects and industry consultants, we believe that our NexGen products and our new Business Intelligence product, combined with our My Insurance Center Business Acquisition platform, are ahead of the curve relative to competitive solutions. We look forward to leveraging this front-leading position in the marketplace and demonstrating our platform capabilities aggressively to take advantage of what we see as significant growth in technology investments in 2011 and 2012.”

Balance Sheet
Stockholders’ equity was $16.6 million as of March 31, 2011 compared to $15.2 million as of December 31, 2010. Total assets increased to $20.0 million as of March 31, 2011 compared to $19.5 million as of December 31, 2010. As of March 31, 2011, the Company had $4.4 million in cash, $5.5 million in working capital and no long term debt.

Conference Call
Management will conduct a live teleconference to discuss its 2011 first quarter financial results at 10:00 a.m. ET on Thursday, May 12, 2011. Anyone interested in participating should call 1-877-941-1428 if calling from the United States, or 1-480-629-9665 if dialing internationally. A replay will be available until May 19, 2011, which can be accessed by dialing 1-877-870-5176 within the United States and 1-858-384-5517 if dialing internationally. Please use passcode 4438893 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=000085E3.

Click here for the full press release.

About Cover-All Technologies Inc.
Cover-All Technologies Inc. is a leader in development of innovative and sophisticated software solutions for the property and casualty insurance industry. Cover-All’s My Insurance Center product suite is a functionally rich, technology advanced Business Acquisition Platform currently in use at leading insurance companies, Brokers, Agents and Managing General Agents (MGAs). Special areas of expertise include Business Intelligence Solution, Policy Administration including full rating and policy issuance, workflow, and underwriting tools.

Today, Cover-All is continuing to build 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. Recent product developments include NexGen Commercial Automobile, NexGen Commercial Package and a revolutionary Business Intelligence product that will be available as a component of My Insurance Center or as a stand-alone offering.

With our extensive insurance knowledge, our revolutionary technology, our experience and our commitment to quality, Cover-All continues its tradition of developing innovative 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®, 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, 2010, filed with the SEC on March 24, 2011, and Post-Effective Amendment No. 2 to Form S-1 (File No. 333-156397) filed with the SEC on May 10, 2011 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

Investor Contact:
Hayden IR
Brett Maas, Principal
(646) 536-7331
brett@haydenir.com

May 10 2011
0

Cover-All to Present at the 12th Annual B. Riley & Co. Investor Conference

Added by admin

– Leader in Developing Sophisticated Software Solutions for the Property and Casualty Insurance Industry to Present on May 25, 2011 –

FAIRFIELD, NEW JERSEY (May 10, 2011) – Cover-All Technologies Inc. (OTCQB: COVR.PK), a Delaware corporation today announced that John Roblin, Chairman and CEO of the Company, will be presenting at the 12th Annual B. Riley & Co. Investor Conference, which is being held May 23 – 25, 2011 at Loews Santa Monica Beach Hotel, 1700 Ocean Avenue, Santa Monica, Calif. The Company will be presenting on Wednesday, May 25 at 1:30 p.m. PDT in Palisade D. Cover-All Technologies management will be available throughout the day for one-on-one meetings. To schedule a one-on-one meeting, please contact your B. Riley representative.
Cover-All Technologies group presentation will be available for the public to access via the Investor Relations section of the Company’s corporate website, www.cover-all.com or at http://www.webcastregister.com/brileyco2011/briley-2011-annual-investor-conference-covr-cover-all-systems-inc-p-27.html. This webcast will be archived for 90 days following the live presentation.
About the 12th Annual B. Riley & Co. Investor Conference
This prestigious two-day, invitation-only annual event, brings together a targeted audience of leading institutional investors, financial services professionals and other qualified investors. The conference will feature presentations by over 140 companies in a broad range of sectors, including: technology, consumer, retail, and financials. One-on-one meetings with company management teams will be available for all client investors.
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 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.

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.

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

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, 2009, filed with the SEC on March 19, 2010, and Post-Effective Amendment No. 1 to Form S-1 (File No. 333-156397) filed with the SEC on May 7, 2010, 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

Investor Contact:
Hayden IR
Brett Maas, Principal
(646) 536-7331
brett@haydenir.com