Integrated Spatial Information Solutions Posts a Net Profit for First Quarter After Loss in 2001; Revenue Climbs 29%

PARKER, Colo., Feb. 19, 2002—Integrated Spatial Information Solutions, Inc. (ISIS; OTC BB: ISSS), a designer and integrator of e-government solutions and spatially enabled information systems and data warehouses, reported net income of $37,934, or less than one cent per share, for its first quarter ended Dec. 31, 2001, compared with a net loss of $369,252, or two cents per share on fewer shares outstanding, a year earlier.

Revenue for the quarter rose 29% to $2.12 million from $1.65 million, reflecting previously reported increased contracts and assignments for the company's geographic information systems (GIS) solutions.

Total operating costs and expenses for the quarter increased by less than 2% despite the 29% jump in revenue.

In addition, ISIS reported that it raised nearly $2.7 million through a shareholder rights offering, which closed Feb. 1. Directors, officers and employees invested approximately $787,000 in the offering, shareholders $549,000, other qualified investors $1.35 million.

Gary Murray, Chairman, noted "This is a pivotal quarter for ISIS. The profitability demonstrates that we have right sized the company, the rights offering has provided valuable working capital, and we have moved beyond the many factors that have constrained our growth."

The company also announced that it had obtained a commitment from its bankers to an extension and increase of its line of credit.

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.

END

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