Leveraging My Insurance Center’s™ NexGen Custom Product Framework, in just 54 days, working closely with Alfa’s business stakeholders, the Cover-All team documented the requirements, developed and delivered the custom product which supports the entire policy lifecycle, including submission, rating, print, and all subsequent transactions.

 “The speed and accuracy of this process would not have been possible without Cover-All’s framework,” commented Ken Stephens, VP of Alfa’s Property & Casualty Systems Implementation.

“With our Church product now powered by NexGen, our agents will be more efficient and competitive in serving this vital market,” expressed Beth Chancey, VP of Property and Commercial Underwriting for Alfa. “We are also looking forward to leveraging the straight through processing capabilities of My Insurance Center to greatly enhance our underwriting workflow.”

This delivery represents a second installment for Alfa, which signed with Cover-All late in the fourth quarter of 2009.  The first installment, Commercial Package, Commercial Auto, and BOP, each in three states, was already delivered earlier in the year.

“We are excited at the opportunity to serve the Farm Bureau community,” explained Miguel Edwards, SVP of Business Development for Cover-All. “Given our strength in Commercial Lines and our ability to quickly deliver custom products designed specifically to meet the needs of our customers, we are uniquely positioned to help Farm Bureaus and Mutuals such as Alfa, grow their commercial and specialty book, while simplifying the underwriting process.”

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.

About Alfa Mutual Insurance Company

Headquartered in Montgomery, Ala., Alfa and its affiliates provide insurance and other financial services to more than 1 million customers in 12 states. For more information, visit www.AlfaInsurance.com or call 1-800-964-2532.  

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, 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

Investor Contact:

Hayden IR

Brett Maas, Principal

(646) 536-7331

brett@haydenir.com

Cover-All recently reported its 14th consecutive profitable quarter and Mr. Roblin will discuss the Company’s strong financial performance. He will also discuss the Company’s recent acquisition of Moore Stephens Business Solutions LLC (MSBS), a provider of business intelligence and advanced analytics solutions to the insurance industry based in New York. In addition, he will discuss the Company’s next generation of ISO® Commercial Automobile and Package software with expectations of a release late this year. The capabilities and business value of these products are already creating significant interest within the customer base, as well as the marketplace as a whole. Cover-All is also packaging these NexGen components with My Insurance Center to target specific market segments.

Investors and other interested parties may access the live presentation at http://www.rodm.com/conferences.

About Rodman & Renshaw

Rodman & Renshaw is a full-service investment bank dedicated to providing corporate finance, strategic advisory and related services to public and private companies across multiple sectors and regions. Rodman also provides research and sales and trading services to institutional investors. Rodman is the leader in the PIPE (private investment in public equity) and RD (registered direct offering) transaction markets. According to Sagient Research Systems, Rodman has been ranked the #1 Placement Agent in terms of the aggregate number of PIPE and RD financing transactions completed every year since 2005.

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®, 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, 2009, filed with the SEC on March 19, 2010, copies of which are available from the SEC or may be obtained upon request from the Company.

Source: Cover-All Technologies Inc.
Contact:
Cover-All Technologies Inc.
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

Operational Highlights:

• For the six months ended June 30, 2010 revenue was $8.4 million compared to $5.8 million for the first half of 2009, an increase of 45.8%.
• Continuing revenue (maintenance and ASP revenue from contracts) for the first six months of 2010 was $4.0 million, up 14% compared to $3.5 million for the same period in 2009.
• Total expenses (cost of revenue and operating expenses) for the first six months of 2010 grew slower than revenue, to $7.0 million (inclusive of $285,000 in one-time acquisition expense), which is up 34% compared to $5.2 million in the first half of 2009.
• Operating income for the six months ended June 30, 2010 was $1.5 million (inclusive of the $285,000 in one-time acquisition expense), up 145% compared to $598,000 in the first half of 2009, as operating income grew at a rate more than three times as fast as total revenue, demonstrating the leverage in the Company’s business model.
• The Company’s balance sheet remains strong with stockholders’ equity at a record $13.2 million as of June 30, 2010. The Company completed the first half of 2010 with $4.7 million in cash, $5.6 million in working capital and $200,000 of long term debt.
• During the quarter ended June 30, 2010, Cover-All acquired Moore Stephens Business Solutions LLC (MSBS) for $2.45 million in cash, 18-month notes and equity, with no assumed debt or liabilities. On a trailing 12 months basis, MSBS had generated approximately $6 million in revenue and the acquisition has been accretive to earnings in the second quarter of 2010.

John Roblin, Chairman of the Board of Directors and Chief Executive Officer of the Company, commented, “Our financial results for the first half of 2010 reflect our focus on revenue growth and sustained profitability. Our fourteen consecutive quarters of profitability demonstrate our ability to deliver consistent results even in uncertain financial times. Our demonstrated ability is built upon a solid services model and a strong customer base. All facets of our growth strategy, which includes delivery of exciting new products and services, strategic (and accretive) acquisitions and expanded marketing efforts, contributed to our results. The strategic acquisition of Moore Stephens Business Solutions (MSBS), completed on April 12, 2010, expanded our services offerings into the exciting Business Intelligence marketplace and contributed to both revenue and profits in Q2.

“This acquisition combined with continuing strong demand for our products and services led to record revenues for the first six months of 2010. All four of our revenue classes exceeded previous year quarter over quarter and YTD led by License (up over 375% for both the quarter and YTD) and Professional Services (up 154% for the quarter and 51.6% YTD). The Professional Services increase is a result of increased demand for new software capabilities and customizations from our current customer base and our recent acquisition of Moore Stephens Business Solutions (MSBS). In addition, we are clearly leveraging our infrastructure as we again grew our operating income significantly faster than we grew our revenue, resulting in 2010 six month profitability more than doubling our profitability compared to the same period in 2009.”

Financial Results for the Six Months Ended June 30, 2010

Total revenues for the six months ended June 30, 2010 were a record $8.4 million, compared to $5.8 million for the same period in 2009, an increase of 45.8%. License revenue was $1.4 million, compared to $306,000 for the same period in 2009. In aggregate, maintenance and ASP revenue, which together represent continuing revenue, was $4.0 million for the six months ended June 30, 2010, up 14% from $3.5 million in the same period in 2009. Professional services revenue for the six months ended June 30, 2010 was $3.0 million, up 51.6% compared to $2.0 million for the same period in 2009.

Total expenses (cost of revenue and operating expenses) for the six months ended June 30, 2010 were $7.0 million (inclusive of $285,000 in one-time acquisition expense), up 34.4% compared to $5.2 million in the first half of 2009. Net income for the six months ended June 30, 2010 was $1.3 million, or $0.05 per share, compared to $629,000, or $0.03 per share, in the same period of 2009.

“The integration of the MSBS acquisition is progressing as planned, and we are aggressively working to ‘productize’ our business intelligence technology as a standalone component as well as integrating it into our My Insurance Center platform,” continued Mr. Roblin. “Simultaneously, we are completing the next generation of our Commercial Automobile and Package software with expectations of a release late this year. The capabilities and business value of these products are already creating significant interest in our customer base, as well as the marketplace as a whole. We are also packaging these NextGen components with My Insurance Center to target specific market segments. By taking advantage of our rapid implementation capabilities and pricing alternatives, we are also designing innovative solutions to help customers create, implement and distribute new insurance products quickly. “

Financial Results for the Second Quarter 2010

Total revenues for the three months ended June 30, 2010 were $4.7 million, compared to $2.7 million for the same period in 2009, an increase of 71.4%. License revenue for the quarter was up 375% to $396,000, compared to $83,000 for the same period in 2009. In aggregate, maintenance and ASP revenue, which together represent continuing revenue, was $2.0 million for the second quarter of 2010, up 15.3% from $1.8 million in the same period in 2009. Professional services revenue for the second quarter of 2010 was $2.3 million, up 154% compared to $891,000 for the same quarter in 2009.

Total expenses (cost of revenue and operating expenses) for the three months ended June 30, 2010 increased 56.9% to $4.0 million from $2.6 million in the same quarter last year. Net income for the three months ended June 30, 2010 was up 191.7% to $566,000, or $0.02 per share, compared to $194,000, or $0.01 per share, in the same quarter of 2009.

Balance Sheet

Stockholders’ equity was $13.2 million as of June 30, 2010 compared to $11.5 million as of December 31, 2009. Total assets increased to $17.4 million as of June 30, 2010 compared to $15.0 million as of December 31, 2009. As of June 30, 2010, the Company had $4.7 million in cash, $5.6 million in working capital and $200,000 in long term debt.

Mr. Roblin concluded, “Our strong balance sheet positions us to pursue other accretive acquisitions. We continue to expand our marketing presence, leveraging greater industry recognition and an ever-increasing sales pipeline. We have completed the integration of the administration and back-office functions of MSBS and are making progress in product upgrades and the technological integration of the business intelligence functions. In sum, we believe we delivered a solid quarter and have shown great year-to-date progress while pursuing these important initiatives.”

Conference Call Information

Management will conduct a live teleconference to discuss its 2010 second quarter financial results at 4:30 p.m. ET on Tuesday, August 10, 2010. Anyone interested in participating should call 1-877-941-2068 if calling from the United States, or 1-480-629-9712 if dialing internationally. A replay will be available until August 17, 2010, 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 4344001 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=00007926.

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.

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, 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.

Source: Cover-All Technologies Inc.
Contact:Cover-All Technologies Inc.
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

Management will conduct a live teleconference to discuss its 2010 second quarter financial results at 4:30 p.m. ET on Tuesday, August 10, 2010. Anyone interested in participating should call 1-877-941-2068 if calling from the United States, or 1-480-629-9712 if dialing internationally. A replay will be available until August 17, 2010, 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 4344001 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=00007926.

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.

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.

Source: Cover-All Technologies Inc.
Contact:
Cover-All Technologies Inc.
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

FAIRFIELD, NEW JERSEY (May 25, 2010) – Cover-All Technologies Inc. (OTC Bulletin Board: COVR.OB), a Delaware corporation (“Cover-All” or the “Company”), today announced that John Roblin, Chairman of the Board of Directors and Chief Executive Officer of the Company, will present at the Noble Financial Sixth Annual Equity Conference at 8:30 a.m. ET on June 7, 2010. This by-invitation-only conference will be held June 7-8, 2010 at the Seminole Hard Rock Hotel, Hollywood, Fla. Registered conference attendees may request 1-on-1 meetings with Cover-All management who will be available during the day on June 7. Please contact your Noble Financial representative to schedule a meeting.

Cover-All recently reported its 13th consecutive profitable quarter and Mr. Roblin will discuss the Company’s strong financial performance. He will also discuss the Company’s recent acquisition of Moore Stephens Business Solutions LLC (MSBS), a provider of business intelligence and advanced analytics solutions to the insurance industry based in New York. This acquisition allows Cover-All to expand into the business intelligence marketplace, adding approximately $6 million in annualized revenue, and will fuel Cover-All’s organic growth, giving it new solutions to sell to a much larger installed base. The Company is also expanding its My Insurance Center™ offering with exciting new capabilities that will further accelerate organic growth.

The presentation will be webcast – audio / video / PowerPoint – live, and available for viewing at www.cover-all.com (click on the “Company” tab, then “Investor Relations”) or through the Noble Financial websites at www.ontrack10.com or www.nobleresearch.com. Cover-All recommends registering at least 10 minutes prior to the start of the presentation to ensure timely access. Participants will need the SilverLight viewer (a free download from the presentation link) to participate. In addition, the webcast, transcript and written materials will be archived on the Company’s website for 90 days following the event.

About Noble Financial
Noble Financial Capital Markets was established in 1984 and is an equity research driven, full-service investment banking boutique focused on small-cap, emerging growth companies. The company has offices in New York, Boston, New Jersey, St Louis and Boca Raton.

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®, 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, 2009, filed with the SEC on March 19, 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

Acquisition Highlights:

• Cover-All, through its wholly owned subsidiary, Cover-All Systems, Inc., has acquired substantially all of MSBS’s assets (excluding working capital) for an aggregate purchase price of $2,450,000, with no assumed indebtedness.
• Approximately 96% of the purchase price consists of cash and a promissory note, and the remaining approximately 4% consists of Cover-All’s common stock.
• The acquired business is expected to be immediately accretive to Cover-All’s 2010 earnings with an operating margin comparable with Cover-All’s historic operating margin.
• On a trailing 12 months basis, MSBS generated over $6 million in revenue.
• The combined organization will total more than 55 customers, all of which are part of the same target market.  
• Seth Rachlin, currently CEO of MSBS, will join Cover-All’s management as an executive vice president and serve as Managing Director of Cover-All’s new Business Intelligence unit. The unit, including the outstanding staff of MSBS, will continue to be based in their New York City office.

MSBS serves the insurance industry exclusively, providing Business Intelligence and advanced analytics solutions.  Leveraging their Insurance Analytic Framework (IAF), which delivers accurate, available and actionable key metrics and dimensions specific to the insurance industry, MSBS has established a dominant presence in an otherwise underserved market. With the integration of these capabilities into the Cover-All portfolio, the combined company will be well positioned to deliver additional value to the existing customers of both companies, as well as benefit from an unrivaled and unique competitive advantage in its combined offerings.

While delivering three consecutive years of record revenues and profits, Cover-All has also been focused on building an innovative insurance information platform (My Insurance Center) utilizing leading-edge technologies and an information-centric architecture.  These capabilities combined with exciting new offerings to My Insurance Center expected to be completed in late 2010, have positioned the Company for continued strong growth and profitability.  

The acquisition of MSBS represents an additional pillar of the Company’s broader growth strategy as it looks to expand its customer base by offering additional leading-edge capabilities.  Cover-All’s strategy includes continued focus on identifying immediately accretive opportunities that fit within its strategic vision.

“Thanks to our innovative strategy, customer focus, and talented results-oriented staff, I believe Cover-All has reached the point where we are ready for break-out growth, and this acquisition is evidence of that fact,” commented John Roblin, Chairman and CEO of Cover-All. “With our strong balance sheet and cash position, we are now able to shift our focus from stabilization to cultivation, and execute on the second part of our carefully planned growth strategy – a strategy which includes immediately accretive acquisitions which in turn, serve to fuel our organic growth and expanded offerings.”

“This acquisition presents an excellent opportunity for MSBS to move to the next level as we join the Cover-All family,” said Seth Rachlin, CEO of MSBS. “Building on our hard work over the past four years, we will now have additional resources to expand capabilities and our footprint.”

The acquisition creates a new opportunity for existing, as well as potential customers of both companies to leverage the power of an integrated solution that merges highly-focused Insurance Business Analytics with My Insurance Center, Cover-All’s revolutionary Policy Life-Cycle Management solution set. Additionally, the combined entity will look to leverage Cover-All’s proven business model of generating recurring revenue with a flexible cost structure, to drive further improvements to MSBS’s margins.

Cover-All continues to expand its reputation as a leader in developing innovative solutions for the insurance industry by focusing on the value of information. Following a philosophy of information-centric technology, Cover-All’s My Insurance Center has been built around the notion of leveraging the availability of data to drive business value. Similarly, MSBS has established an equally dominant position in their niche, focusing on a likeminded philosophy, developing the tools and know-how to assimilate data into powerful Business Intelligence. Further, both Cover-All and MSBS have established meaningful relationships within a similar market segment (but without any overlap) which will give rise to tremendous cross-selling opportunities.

Cover-All was advised by LMC Capital LLC, a boutique investment banking firm dedicated exclusively to the insurance industry.

Conference Call Information

Management will conduct a live teleconference to discuss this acquisition at 4:30 p.m. EDT on April 12, 2010. Anyone interested in participating should call 877-941-2069 if calling from the United States, or 480-629-9713 if dialing internationally. A replay will be available until April 19, 2010, which can be accessed by dialing 800-406-7325 within the United States and 1-303-590-3030 if dialing internationally. Please use passcode 4282019 to access the replay. In addition, the call will be webcast and will be available on the Company’s website at http://www.cover-all.com/.

About Moore Stephens Business Solutions

Moore Stephens Business Solutions (MSBS) is committed to being the leading provider of performance and data management solutions to the global insurance industry. MSBS seeks to bring together deep industry knowledge and proven frameworks with technology expertise in the deployment of non-proprietary, commercial software solutions. MSBS strives, above all, to be thought leaders on how Enterprise Data Management and Business Intelligence capabilities can deliver value to insurance carriers, reinsurers, MGAs and brokers. The interest in performance and data management solutions within the insurance industry is growing rapidly as companies try to keep pace with competition, prepare for a softening market, and better understand the level of market penetration and service being provided to its customers and by its partners. MSBS has delivered over 140 performance and data management solutions that have enabled clients to make data accurate, available, and actionable.

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®, 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, 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

Approaching technology within a multi-year framework can also help you to manage enterprise-wide changes to your business processes more cost effectively. The instant benefits of even a partial implementation can be quite significant. You could see a substantial increase in speed to market, a decrease in administrative or maintenance costs, and efficiencies that translate into a visible improvement in your workflow within three months of a partial implementation.

Yet multi-year approaches, if not implemented properly or with the right solutions, can come with some serious issues. Will the plan you’ve committed to today be viable in  say three to five years when the project is complete? How will that technology grow and change with your business, and will it keep pace with emerging trends? Will those industry trends in thwart your plans because your solutions struggle to adapt to change?

These issues can be addressed with the right vendor. Examine the provider’s ability to deploy updates and enhancement, despite your specific customizations. Try to determine how “supportable” your specific environment will be over the long term. If the solution you choose is externally facing, understand the level of data security that’s included, as well as how scalable that solution is within your current framework. A good solution provider can integrate new technology within your current framework.

Also, a good solution provider will use the latest technology to maximize the effectiveness and productivity of what you current use. Their technology should be “future proof” – able to adapt to emerging technology and grow with your business. Finally, you should be able to implement in stages in order to spread out the costs and better afford the best technology for your business.

For example, if your current business writes in three states, but a recent acquisition expands your market to additional two states, a horizontally scalable solution would allow you to simply add those additional states to your existing core solution in a matter of weeks. Or, if your claims handling is moved from a legacy internal solution to a third party administrator, your horizontally scalable technology solution can be easily integrated to address those changes.

But why horizontal? Horizontally scalable architecture in your solution is typically more flexible than a vertical architecture, allowing for the addition of capacity or functionality on the fly. Further, such architecture provides the ability to integrate multiple solutions attaching to a single foundation, thus facilitating expansion that feeds from a single source of information. Conversely, vertical architecture most often requires costly and time intensive changes to the core.

So what does that mean for your business? It means the technology solution you choose for your business should work well today and just as well two years from now, even if your business then looks much different than it does today.  It also means that costs can be kept within reason. Because you can expand whenever you’re ready and able, you pay only for those components or modules you need now. Therefore, your budgets remain intact and you realize immediate business benefits from the pieces you purchase today.

Is your current system vertical? What limitations have you noticed? Do changes cost too much and take too long? Does your IT group tell you it just can’t be done? How would a horizontal structure benefit your business?