Helios and Matheson Awarded Multi-Year Engagement With Major Automotive Client

NEW YORK, Jan. 17, 2013 (GLOBE NEWSWIRE) -- Helios and Matheson Information Technology Inc (Nasdaq:HMNY) (the "Company"), a 30 year old IT services organization, has executed a 3-year engagement for managed services for a Fortune 500 automotive giant, who has been a client of Helios and Matheson for over 13 years. The services include creating IT strategy, developing business requirements, reviewing systems designs, executing QA and User Acceptance functions, Production trouble shooting, application development and comprehensive project management of a global team.

CONTACT: Umesh Ahuja
         703 691 0400 Ext 1046
         uahuja@hmna.com