Conversion Services International Secures $3.5 Million Revolving Line of Credit With Access Capital, Inc.

—Replaces Laurus Master Fund line of credit—

EAST HANOVER, N.J. (April 17, 2008)

Conversion Services International, Inc. (AMEX: CVN), a premier professional services firm focused on delivering business intelligence and business process optimization solutions  to Global 2000 organizations and other businesses, today announced that it has executed a replacement revolving line of credit agreement in March 2008 with Access Capital, Inc.  This replaces the Company’s line of credit with Laurus Master Fund, Ltd. which expired on March 31, 2008.

The Access Capital line of credit provides for borrowing based on the lesser of  $3.5 million or a 90% advance rate against eligible accounts receivable, has a three-year term, and an interest rate of prime plus 2.75%. The Company must comply with a $400,000 minimum working capital covenant which is to be measured monthly and must maintain minimum monthly borrowing levels between $2.0 and $2.5 million during the three year term.

Scott Newman, chairman and chief executive officer of CSI, stated, “We are very pleased to have closed on this deal with Access Capital.  There is no requirement for the Company to issue stock or warrants to Access Capital under this arrangement. We anticipate a reduction in our average annual expense related to borrowing under the line of credit, taking into account both cash payments and equity issued with respect to the previous line of credit, by more than $500,000. We anticipate that this revolver will support our business needs as we continue to expand our services in our core markets. ”

About Conversion Services International, Inc.

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