December 1, 2000 - Innodata to Demo XML Content Factory At Online Information 2000 Tradeshow

NEW YORK--(BUSINESS WIRE)--Dec. 1, 2000--

Plant Specially Designed to Meet Increasing Demand for Large-Scale,

High Value-Added XML Digital Content

INNODATA CORPORATION (NASDAQ: INOD), a leading provider of digital content outsourcing services, today announced that it will demonstrate the capabilities of its new XML Content Factory(TM) located in Mandaue, the Philippines, at Online Information 2000 to be held in London December 5-7.

The plant, which Innodata officially inaugurated this past June, is designed to feature approximately 2,500 state-of-the-art workstations and a wide array of proprietary and third party XML editing and content management tools. It is designed to be an international center of excellence for creating large volume, high quality XML-compliant information resources.

Innodata's senior consultants and information architects will conduct a series of scheduled presentations showcasing the unique structured approach utilized by Innodata at the XML Content Factory(TM) to create XML content.

The XML Content Factory(TM) is home to many of Innodata's information encoders, editorial specialists, and XML information architects. It is dedicated to serving the needs of electronic information providers, publishers, and owners of e-commerce content who need to create and manage large-scale XML information repositories.

Jack S. Abuhoff, President and CEO of Innodata, commented, "With our new XML Content Factory fully up and running, Innodata is uniquely suited to partner with content owners and disseminators to build and maintain mission critical XML resources delivered on the Internet. We view this as particularly strategic: in the Internet Age, XML is quickly becoming the differentiating form of content value-add for preeminent digital asset management solutions."

Abuhoff continued, "Until now, we used PCs to access static HTML web pages delivered page-by-page within a largely presentation-based protocol. Contrast this with Web-based services of the future: a new generation of XML-based repository architectures is emerging that feature dynamic data exchange, enabling people to use a variety of devices to extract the exact information they require from a wider variety of sources. It is our vision at Innodata to be a key enabling agent for this transformation. We will make it possible for the largest information repositories to take their presentation-based data and transform it into highly dynamic, flexible, content-defined information. We'll do this using a combination of high-level conversion and tagging tools, much of which we have developed, and our highly-trained technical resources.

"There is incredible momentum around XML in the market today. As a recent example, in a June 5 speech delivered at Tech Ed 2000, Microsoft (Nasdaq: MSFT) Chairman Bill Gates described XML as one of the 'key elements' that will enable the 'move to the Internet as the [computing] platform' of the future, and Gates underscored Microsoft's high financial commitment to XML application development."

Industry experts believe that XML, otherwise known as the World Wide Web Consortium (W3C)'s Extensible Markup Language, is destined to become the standard format for Web applications. Unlike HTML, XML inserts descriptions, often referred to as schemas, into documents in ways that support data exchange. This enables applications to exchange information among multiple XML-coded documents, making XML e-commerce transactions on the Web more efficient and significantly revolutionizing searchability and retrievability of content.

Innodata's XML Content Factory(TM) features the latest in fiber-optic based, multiply redundant network infrastructure in 54,000 square feet of configured project space. The Mandaue XML Content Factory is Innodata's sixth production facility, joining the ranks of the other Innodata production facilities strategically located in Manila, Cebu, and Legaspi, the Philippines; Colombo, Sri Lanka; and New Delhi, India. In addition, Innodata provides project support and professional services from its North American Solutions Center located in New Jersey and its European Solutions Center located in London.

Online Information 2000 is the largest and most comprehensive information industry event in the world. It brings electronic information content, delivery and usage into focus for thousands of information users and providers. Eighteen thousand attendees visited the Online Information Exhibition last year. Showcasing the most extensive range of global information products and services, the exhibition offers an unrivalled opportunity to visit over 300 exhibiting companies: major content providers and publishers, service and technology suppliers as well as those companies offering e-business and knowledge management solutions.

Innodata is the premier provider of digital content outsourcing services. The company offers a "single solution" for companies needing to create high-value, large-scale Web content. This approach empowers companies to become market leaders by focusing on product development and marketing while partnering with Innodata to build content. Innodata's digital content outsourcing services include strategic and technical consulting for content initiatives across multiple digital channels; content architecture services; data conversion; metadata creation; and digital content management. Through its XML Content Factory(TM), it builds large-scale XML-compliant information resources. Innodata's clients range from leading Global 1000 companies to new media companies, and include some of the largest, most prestigious publishers of digital content. Its web site is http://www.innodata.com.

This release contains certain forward-looking statements made pursuant to the sage harbor provisions of the Private Securities Litigation Reform Act of 1995, including, without limitation, forward-looking statements concerning the strategic alliance agreement referred to herein. The words "believe," "expect," "anticipate," "predict" and other similar expressions generally identify forward-looking statements, which speak only as of their dates. These forward-looking statements are based largely on the Company's current expectations and are subject to a number of risks and uncertainties, including without limitation, changes in external market factors, changes in the Company's business or growth strategy, changes in client requirements, the ability of the Company and the client company to perform their respective obligations under the strategic alliance agreement referred to herein or an inability to execute their respective strategies due to changes in their industries or the economy generally, and various other risks and uncertainties indicated from time to time in the Company's filings with the Securities and Exchange Commission. 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 in fact occur.

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