Helios and Matheson Awarded Multi-Year Engagement with Major Automotive Client
NEW YORK, New York, January 16, 2013 - Helios and Matheson Information Technology Inc (NASDAQ:HMNY) (the "Company"), a 30 year old IT services organization, has executed a 3-year engagement for managed services for a Fortune 500 automotive giant, who has been a client of Helios and Matheson for over 13 years. The services include creating IT strategy, developing business requirements, reviewing systems designs, executing QA and User Acceptance functions, Production trouble shooting, application development and comprehensive project management of a global team.
Contact: Umesh Ahuja
703 691 0400 Ext 1046 uahuja@hmny.com
Forward Looking Statements
This release includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements regarding our expected future financial position, results of operations, cash flows, financing plans, business strategy, products and services, competitive positions, growth opportunities, plans and objectives of management for future operations, as well as statements that include words such as "anticipate," "if," "believe," "plan," "estimate," "expect," "intend," "may," "could," "should," and other similar expressions are forward-looking statements. All forward-looking statements involve risks, uncertainties and contingencies, many of which are beyond our control, which may cause actual results, performance, or achievements to differ materially from anticipated results, performance, or achievements. Factors that may cause actual results to differ materially from those in the forward-looking statements include those set forth in the Helios and Matheson Information Technology Inc. Annual Report on Form
10-K for the year ended December 31, 2012 and more recent reports and registration statements filed with the SEC. Helios and Matheson Information Technology Inc. is under no obligation
(and expressly disclaims any such obligation) to update or alter such forward-looking statements, whether as a result of new information, future events or otherwise.

distributed by