Integrated Information Systems Issues Letter to Shareholders

Business Wire, Jan 9, 2003

For additional information on Integrated Information Systems, please visit our Web site at www.iis.com.

Cautionary Statement

This press release includes forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Words such as "expect," "may," "anticipate," "intend," "would," "will," "plan," "believe," "estimate," "should," and similar expressions identify forward-looking statements. Forward-looking statements in this press release include statements concerning the company's ability to grow revenues, limit expenditures, increase margins, improve utilization of billable professionals, survive current market conditions and achieve profitability in future periods. These forward-looking statements involve a number of risks and uncertainties which could cause actual events to differ materially from those indicated by such forward-looking statements and cause the company's stock price to decline. Such factors include, without limitation, the ability to complete additional acquisitions, obtain financing, comply with all requirements for continued listing on The Nasdaq SmallCap Market, renegotiate, settle or enter into new facilities leases on favorable terms, the expected impact of, and the ability of the company to execute, its business plan and the introduction of new national service offerings, lower demand for the company's services, downward pricing pressure, the inability of customers to pay their invoices when due, the incurrence of unexpected costs, unfavorable outcome of litigation, expenses and liabilities incurred by IIS in recent and future transactions acquisitions of like-minded peer consulting practices, including debt service and the ability of the company to stay at the forefront of technological changes. Other factors identified in documents filed by IIS with the Securities and Exchange Commission and in other public statements, including those set forth under the caption "Factors That May Affect Future Results and Our Stock Price" in the company's Form 10-K for the year ended 12/31/01 and its Form 10-Q for the period ended 9/30/02, as well as future economic and other conditions both generally and in our specific geographic and vertical services markets, could negatively impact its results of operations and financial condition and cause actual results to vary from those expressed by the forward-looking statements in this press release.