July 29, 2003- Innodata to Report Second Quarter 2003 Results

Investors are also invited to access a live Webcast of the conference call at the Investor Relations section of www.innodata.com. Please note that the Webcast feature will be in listen-only mode.

Call-in or Webcast replay will be available for 30 days following the conference call.

Webcast replay is located at the Investor Relations section of www.innodata.com.

About Innodata

Innodata (www.innodata.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 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.