PADUCAH, Ky., Dec. 27 /PRNewswire-FirstCall/ -- Computer Services, Inc. (CSI) (Pink Sheets: CSVI) announced today that its board of directors authorized an additional $5 million for its on-going stock repurchase program. This amount supplements the $5 million addition announced in March 2007. Approximately $1.5 million remains available under the March 2007 addition. To date, CSI has repurchased approximately $18.5 million of the Company's stock since its stock repurchase program was initially announced in March 2004. The stock repurchase program may be carried out through open market purchases, block trades and in negotiated private transactions.

Commenting on the new stock repurchase authorization, Steven A. Powless, President and CEO of CSI stated, 'We believe CSI's stock represents an excellent investment at recent values. The Board's authorization to purchase additional shares also highlights our confidence in the future of CSI. We plan to use our strong cash flow to fund the repurchase of additional CSI shares to leverage future earnings.'

The stock repurchase program will be conducted on a continuing basis and will be subject to availability of stock, market conditions, the trading price of the stock and the Company's financial performance. Repurchases will also depend on other factors including the legal, corporate and regulatory requirements and economic conditions. The stock repurchase program may be suspended or discontinued at any time.

About Computer Services, Inc.

Computer Services, Inc., is a leading provider of comprehensive technical service and software solutions to financial institutions, with over 3,000 clients throughout the United States. For community banks, CSI delivers core application and item processing services along with state-of-the-art, integrated Internet-based banking solutions. For financial institutions generally, CSI delivers software and services for risk assessment, e-security, fraud prevention, network management, and regulatory compliance related to privacy, Patriot Act, and financial crimes. Based in Paducah, Kentucky, CSI has annual revenue of over $125 million. Financial reports are available at www.otcqx.com. For more information about CSI, visit www.csiweb.com.

Forward-Looking Statement

All statements except historical statements contained herein constitute 'forward-looking statements.' These forward-looking statements rely on a number of assumptions concerning future events and are subject to a number of uncertainties and other factors, many of which are outside of CSI's control, which may cause actual results to differ materially from such statements. Such risks and uncertainties include, but are not limited to, economic, competitive, technological and governmental factors affecting the Company's operations, markets, services, products, prices and other factors. Computer Services, Inc. is not responsible for updating the information contained in this press release beyond the published date, or for changes made to this document by wire services or Internet services.

SOURCE Computer Services, Inc.

Source: PR Newswire (December 27, 2007 - 9:00 AM EST)

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