Integrated Spatial Information Solutions Raises $2.7 Million through Rights Offering

PARKER, Colo., Feb. 14, 2002—Integrated Spatial Information Solutions, Inc. (ISIS; OTC BB: ISSS), a designer and supplier of e-government solutions and spatially enabled data warehouses, announced today that it raised $2.7 million through its shareholder rights offering, which closed Feb. 1.

Directors and officers of the company invested approximately $720,000 in the offering; shareholders $549,000, and other qualified investors $1.35 million. ISIS employees invested an additional $67,000.

"As a result of the offering, ISIS is now properly capitalized," said John Antenucci, the company's president. "We have a clean balance sheet, with cash and no significant debt, the 'going concern' statement in the auditor's opinion has been removed, and all litigation matters have been resolved." He added: "I view the strong interest in the offering, in a difficult environment for raising capital, as an indication of the bright future of the company, particularly in the rapidly expanding e-government solutions market."

About Integrated Spatial Information Solutions

Integrated Spatial Information Solutions is a systems integration and implementation company which specializes in leveraging the location-based information assets of its clients, and bringing economies of operation and enhanced performance through the development of e-service capabilities. ISIS has offices in Colorado, Kentucky, New York, New Jersey, Maryland, Rhode Island and California.

The company's Web sites are www.isis.cc and www.plangraphics.com.

The foregoing contains forward-looking statements which are subject to contingencies and uncertainties. Such forward-looking statements are not guarantees of future performance, and are based on numerous assumptions about transactions or results which may differ materially from anticipated events, transactions or results described in such statements.

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SOURCE: Integrated Spatial Information Solutions, Inc.
CONTACT: Bruce Haun of B. Edward Haun and Company, 303-595-4667.