COVANSYS WILL FILE FOR EXTENSION TO COMPLETE REVIEW AND ANALYSIS OF CERTAIN PROPERTY AND EQUIPMENT

FARMINGTON HILLS, Mich., May 10 /PRNewswire-FirstCall/ -- Covansys Corporation (Nasdaq: CVNS - News), a worldwide provider of information technology services, will not be hosting its first quarter earnings announcement or filing its form 10Q on May 10, 2004. The Company, in connection with its ongoing efforts to further strengthen internal processes, has not completed its review of fixed asset adjustments resulting from an inventory and useful life analysis of certain property and equipment.

The Company is working to complete its analysis and reach a conclusion as to the non-cash charges as soon as possible.

Covansys will be filing for an extension on form 12b-25 today.

About Covansys
Covansys Corporation, (NASDAQ: CVNS), is a global consulting and technology services company specializing in industry-specific solutions, strategic outsourcing and integration services through a unique onsite, off-site, offshore delivery model that helps clients achieve rapid deployment, world-class quality and reduced costs. Founded in 1985, Covansys has successfully delivered an array of innovative and cost-effective business and technical solutions to leaders in the private and public sectors. With one of the largest offshore capabilities of any technology services provider based in the United States, Covansys has achieved the SEI’s CMM^® Level 5 quality ratings at two of its offshore development centers in India.

Safe Harbor Statement
With the exception of statements regarding historical matters and statements concerning our current status, certain matters discussed herein are forward-looking statements that involve substantial risks and uncertainties. Such forward-looking statements may be identified by the words "anticipate," "believe," "estimate," "expect" or "intend" and similar expressions. Our actual results, performance or achievements could differ materially from these forward-looking statements.

Factors that could cause or contribute to such material differences include general economic conditions and conditions in the IT industry such as the demand for IT services, public sector government budgetary constraints, potential cost overruns on fixed-price projects, effective application of the percentage of completion method of accounting for fixed priced contracts, risks related to merger, acquisition and strategic investment strategy, variability of operating results, government regulation of immigration, exposure to regulatory, political and economic conditions in India and Asia, competition in the IT services industry, the short-term nature and termination provisions of contracts, economic conditions unique to clients in specific industries and limited protection of intellectual property rights. These and other factors are described in the Company’s filings with the U.S. Securities and Exchange Commission.