Innodata Isogen Authorizes $2 Million Stock Repurchase Program

NEW YORK, MAY 13, 2008, (PressReleasePoint) -- INNODATA ISOGEN, INC. (NASDAQ: INOD), a leading provider of knowledge process outsourcing services, as well as publishing and related information technology services, today announced that its board of directors has authorized the repurchase of up to $2 million of its common stock in open market transactions. The timing and nature of repurchases are subject to market and business conditions and applicable securities laws.The buyback authorization replaces a $1 million authorization made in August, 2006, under which the company purchased approximately 182,000 shares for approximately $319,000.The company intends to provide a buyback program update within the next two weeks.“The authorization underscores the board’s confidence both for the year and for the long-term,” said Jack Abuhoff, chairman and CEO of Innodata Isogen. “In 2007, we increased revenues 65%. We believe that in 2008 we will accomplish several things: delivering another year of record revenue with strong second-half performance; aggressively managing our cost structure; and making further investment in the business to significantly expand our knowledge process outsourcing services.“In terms of cost structure management, we have committed to take action in the second quarter that should reduce our existing annual fixed costs by approximately $1 million. Starting in the second quarter and continuing through the balance of the year, we will seek further operational efficiencies to regain some of the ground we lost due to foreign exchange, even as we begin to see signs that the U.S. dollar may be strengthening.”About Innodata IsogenInnodata Isogen, Inc. (NASDAQ: INOD) is a leading provider of knowledge process outsourcing (KPO) services, as well as publishing and related information technology (IT) services.We work as a product development partner to our clients, helping them meet their content creation and publishing challenges. We provide outsourcing services that draw upon onshore and offshore resources, proven project management and highly engineered processes and tools. We also help our clients improve their internal business operations with process and systems engineering.Our clients include leading enterprises in information-intensive industries such as media, publishing and information services, high technology, manufacturing, aerospace, defense, law, government and intelligence. Recent honors include EContent Magazine’s EContent 100, KMWorld Magazine’s 100 Companies That Matter in Knowledge Management, the International Association of Outsourcing Professionals’ (IAOP) Global Outsourcing Top 100, D&B India’s Leading ITeS and BPO Companies and the Black Book of Outsourcing’s Top List of Leading Outsourcing Providers to the Printing and Publishing Business.