June 17, 2003 - Innodata Signs Major New Content Services Agreement with Leading International Corporation

NEW YORK--(BUSINESS WIRE)--Innodata Corporation (Nasdaq:INOD) Expected to Generate Revenues in Excess of $2 Million in 2003, Based upon Present Customer Requirements

INNODATA CORPORATION (Nasdaq:INOD), a leading global provider of outsourced content services, today announced that it has reached an agreement with a category-leading international corporation to supply a range of digital content services.

Innodata estimates that the agreement should generate revenues in excess of $2 million in 2003, based upon the client's presently stated requirements. Pursuant to the terms of a non-disclosure agreement, the details of the engagement were not disclosed.

Innodata helps its clients - blue-chip publishers and Global 2000 enterprises, large archives and research libraries, government agencies and other information-intensive organizations - collect, convert and digitize content, structure and transform it into XML and other formats, and enhance and re-purpose it for electronic and print distribution.

The company's high-value content services provide a complete solution for content owners, aggregators and publishers looking to cut costs, focus on core competencies and gain competitive advantage. These services include:

    --  Data Conversion Services

    --  Digitization & Imaging Services

    --  XML Services and Training

    --  Systems Integration and Professional Services

    --  Outsourced Editorial Services

    About Innodata

Innodata (www.innodata.com / www.isogen.com) is a leading provider of digital content services and solutions. Innodata, based in the New York metro area, delivers content manufacturing, content conversion, XML transformation, systems engineering, and education in XML and related standards to leading companies in fields as diverse as publishing, telecommunications, healthcare and defense. Innodata's six content manufacturing centers based in Asia provide peerless outsourced support to companies worldwide, and its ISOGEN unit offers advanced systems engineering and education at four U.S.-based solutions centers. In 2001, Fortune and Business Week each rated Innodata as one of the 100 top-performing public companies in the U.S.

This release contains certain forward-looking statements, including without limitation, statements concerning the Company's operations, economic performance, and financial condition. These forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. The words "believe," "expect," "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 the Company's current expectations, and are subject to a number of risks and uncertainties, including without limitation, continuation or worsening of present depressed market conditions, changes in external market factors, the ability and willingness of the Company's clients and prospective clients 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 Innodata acquires, changes in the Company's 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 the Company's 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.

CONTACT: Innodata Corporation
Al Girardi, 201/488-1200, ext. 5392
al_girardi@inod.com SOURCE: Innodata Corporation