Product of the Year

INSCI CORP’S COINSERVÔ FOR WINDOWS NT NAMED PRODUCT OF THE YEAR

BY IMAGING AND DOCUMENT SOLUTIONS MAGAZINE

WESTBOROUGH, MA (December 17, 1998) . . . . INSCI Corp (Nasdaq:INSI), a leader in innovative digital storage, Internet and integrated electronic commerce solutions for managing and distributing high-value business transaction documents and reports, today announced that its COINSERVÔ for Windows NT software has been named Product of the Year in the COLD (Computer Output to Laser Disk)/ ERM (Enterprise Report Management) category by Imaging and Document Solutions magazine. The prestigious annual award was announced in the magazine’s January 1999 issue (currently in circulation) and was based on extensive review and evaluation of competing products from leading COLD/document management providers. Product evaluations were conducted by the magazine in consultation with Doculabs, an independent industry analyst firm, and various other independent consultants.

Based on the Microsoft® Windows NT server, COINSERV for Windows NT is an integrated suite of products. It includes electronic archival and retrieval, document and report management, workflow management, imaging, data mining and other functions that facilitate such pacesetting applications as processing electronic commerce transactions using Internet-enabled documents.

In making the announcement, INSCI Chairman and CEO E. Ted Prince, Ph.D. said the Company decided two years ago to make a significant strategic investment in the development of COINSERV for Windows NT. "This award clearly recognizes the technical and functional superiority of this suite of products," Prince said. "In addition, the increasing worldwide sales of COINSERV not only validate the investment we made in the product, but demonstrate growing market acceptance and greater reliance on this technology to drive a wide spectrum of Internet-enabled applications and business programs centered around electronic commerce. This can be seen as an expanding number of existing customers and partners are incorporating COINSERV with its Web-enabled capabilities into both their business operations and technology offerings."

Among INSCI’s strategic partners for COINSERV are Unisys, Xerox, Fuji/Xerox, Moore Corporation, Storage Technology Corporation, First Data Investor Services (FDIS), and edocs (bill presentment and payment).

Frank Palermo, INSCI Vice President of Engineering and Development, commented, "The Product of the Year award reflects the industry’s recognition of COINSERV as the leader in its class. This is an important honor and validates our on-going commitment to remain the leader in this marketplace with a proven, robust product portfolio that incorporates the most innovative technologies and functionality. As the newest addition to the COINSERV family of products, COINSERV for Windows NT incorporates the features and functionality that our customers have requested to streamline their business processes and give them competitive advantages."

"According to various industry analysts," Prince added," the market for Windows NT products is expected to grow at over 100 percent per year and digital document repository software in this area is expected to grow at an even faster rate. In order to maximize the potential market and sales for COINSERV, we continue to actively sign strategic marketing and licensing agreements with companies in a wide range of industries including banking, financial services, telecommunications, insurance, utilities, manufacturing, healthcare and government. Each of our customers and partners need to offer their customers Internet-enabled document solutions in order to keep up with the competition."

COINSERV for Windows NT capitalizes on INSCI’s extensive experience in developing document archival and retrieval systems. It supports multiprocessor, enterprise-class systems and employs magnetic disk, RAID storage and high-density, low-cost optical disks in a client-server environment. It has an easy to use administrative interface and takes full advantage of the Windows NT graphical user interface and monitoring capabilities.

Imaging and Document Solutions will be posting product award winners on their web site in the near future. They can be found at www.imagingmagazine.com.

COINSERV is a trademark of INSCI Corp. All other company or product names are trademarks or registered trademarks of their respective owners.

INSCI Corp is a leader in innovative digital storage, Internet and electronic commerce solutions for managing and distributing high-value business transaction documents and reports. The Company’s software solutions allow customers to implement more effective and cost-efficient means of managing and distributing high volumes of reports and value documents used to conduct business. INSCI solutions are designed to help customers become more competitive; streamline their business processes; improve the level of services they provide their clientele; realize a significant return on their technology investment and; create the digital document "back office" foundation that is required for all electronic commerce applications. For more information about INSCI Corp, visit its home page on the Internet at http://www.insci.com.