Potential NASDAQ Delisting of Information Management Associates, Inc

Business Wire, April 20, 2000

Business Editors

SHELTON, Conn.--(BUSINESS WIRE)--April 20, 2000

Information Management Associates, Inc. (NASDAQ:IMAA) today reported the Company has been notified by Nasdaq of a potential delisting of the Company's common stock from the Nasdaq Stock Market.

Nasdaq's notice stated that the Company's common stock will be delisted at the opening of business on April 27, 2000 unless the Company files its Form 10-K with the Securities and Exchange Commission by April 25, 2000. The Company announced on April 10, 2000 that it would not file its Form 10-K by the required filing date of April 14, 2000. The Company intends to request a hearing to appeal the proposed delisting. A hearing request will stay the delisting of the Company's common stock pending Nasdaq's decision. The symbol for the Company's common stock has been changed from "IMAA" to "IMAAE" commencing on April 20, 2000.

ABOUT IMA

IMA, (http://www.imaedge.com) a leader in Customer Relationship Management (CRM) products and services for over sixteen years, today provides market leading CRM/eCRM products, services, delivery channels, and pricing for bricks-and-clicks businesses. IMA products, services and business models are all designed to help companies create integrated solutions that enable interaction intensive organizations to help their customers shop, buy, and problem-solve through any interaction channel. IMA is dedicated to creating customer-centric products and services for CRM/eCRM that uniquely complete the full scope of front-office Demand Chain Management functions. Gartner Group ranks IMA as a leader in customer service and support systems and as a visionary in sales applications. Over 400 global organizations including Bose, Humana, ICT Group, Lloyds TSB, TXU, U.S. Cellular Corp., iSKY and Xerox depend on IMA products and services to help grow their business. IMA subsidiaries include Buyersedge.com inc. an open market bidding system that enables savvy online buyers to save time and money making purchases on high value, considered merchandise, and freefire inc. the eCRM industry's first and only marketplace for free-license, component-based software. IMA is headquartered in Shelton, Connecticut and has offices and representatives worldwide. Additional information about IMA's products, services and subsidiaries can be found on the World Wide Web at http://www.imaedge.com requested via email at ima@imaedge.com or by calling 1-203-925-6800.

NOTE: IMA is a registered trademark of Information Management Associates, Inc. Buyersedge.com and freefire are trademarks of Information Management Associates, Inc. All other product and company names are trademarks of their respective companies.

Except for the historical information contained in this announcement, the matters discussed in this announcement are "forward-looking statements" (as that term is used in the Private Securities Litigation Reform Act of 1995) that involve risks and uncertainties detailed from time to time in the Company's filings with the Securities and Exchange Commission (the SEC). In particular, IMA draws the reader's attention to the "Risk Factors" stated in the Company's Registration Statement on Form S-1 dated July 30, 1997 and its accompanying Prospectus, the Company's Quarterly Reports on Form 10-Q dated August 14, 1997, November 14, 1997, May 15, 1998, August 14, 1998, November 14, 1998, May 17, 1999, August 16, 1999, and November 22, 1999 the Company's Annual Report on Form 10-K dated March 30, 1998 and March 31, 1999, as well as to the Company's periodic and current reports as they are filed with the SEC.