Innodata Isogen Selected to Convert Johns Hopkins University Press and Project MUSE Journal Titles into XML Repository

INNODATA ISOGEN, INC., (NASDAQ: INOD), a leading provider of knowledge process outsourcing as well as publishing and related information technology services, announced today that it has reached an agreement with Project MUSE – one of the world’s largest collections of online scholarly journals in the humanities and social sciences – to convert both current and legacy journal issues into XML. Project MUSE is a joint collaboration of the Johns Hopkins University Press and the Milton S. Eisenhower Library at Johns Hopkins University. Under the terms of the agreement, Innodata Isogen will provide data conversion services, including XML encoding and enrichment, for most of Project MUSE’s journals. The company estimates that the total engagement will be worth approximately $600,000 in the first year, while the ongoing conversion of new journals could generate between $150,000 and $200,000 in annual revenue, depending on volumes. "One of our more important goals is to introduce more flexibility in the way we present MUSE journal content,” said Mary Rose Muccie, director, Project MUSE. "Innodata Isogen’s expertise in all aspects of data conversion and XML encoding has allowed us to look at our online content in new ways. We’ve also been impressed by their responsiveness and ability to meet or beat our deadlines for delivering electronic files.” Founded in 1993, Project MUSE is an online repository of humanities and social sciences journals that provides subscribing libraries with access to articles from more than 350 journals from 80 scholarly publishers. "We’ve already helped dozens of commercial publishers meet the increasing demands of their readers to access digital content,” said Bob Kidd, vice president of Innodata Isogen’s publishing practice. "We’re excited by the opportunity to translate the best practices we’ve developed for those publications to not-for-profit organizations like Project MUSE as we help them improve their ability to meet the needs of their subscribers.” ABOUT PROJECT MUSE MUSE began in 1993 as a pioneering joint project of the Johns Hopkins University Press and the Milton S. Eisenhower Library at JHU. Grants from the Mellon Foundation and the National Endowment for the Humanities allowed MUSE to go live with JHU Press journals in 1995. Journals from other publishers were first incorporated in 2000 and additional university press and scholarly society publishers have joined in each subsequent year. Today, MUSE is still a not-for-profit collaboration between the participating publishers and MSEL, with the goal of disseminating quality scholarship via a sustainable model that meets the needs of both libraries and publishers. Project MUSE subscriptions are available only to institutions. ABOUT INNODATA ISOGEN Innodata 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. Headquartered in Northern New Jersey, Innodata Isogen has offices and operations in the United States, the Philippines, India, Sri Lanka, China and France. This release contains forward-looking statements that are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. The words "project,” "head start,” "believe," "expect," "should,” "anticipate," "indicate," "point to" and other similar expressions generally identify forward-looking statements, which speak only as of their dates. These forward-looking statements are based largely on our current expectations, and are subject to a number of risks and uncertainties, including without limitation, the primarily at-will nature of the company's contracts with its customers and the ability of customers to reduce, delay or cancel projects, including projects that the company regards as recurring; continuing revenue concentration in a limited number of clients; continuing reliance on project-based work; inability to replace projects that are completed, cancelled or reduced; depressed market conditions; changes in external market factors; the ability and willingness of our customers and prospective customers to execute business plans which give rise to requirements for digital content and professional services in knowledge processing; difficulty in integrating and deriving synergies from acquisitions; potential undiscovered liabilities of companies that we acquire; changes in our business or growth strategy; the emergence of new or growing competitors; various other competitive and technological factors; and other risks and uncertainties indicated from time to time in our filings with the Securities and Exchange Commission. Actual results could differ materially from the results referred to in the forward-looking statements. In light of these risks and uncertainties, there can be no assurance that the results referred to in the forward-looking statements contained in this release will occur.