DALLAS,  TX: United Systems  Technology,  Inc. (OTC - USTI) announced today
that the Northern  District of Texas US Bankruptcy Court approved USTI's bis for
the  purchase of certain  assets of CPS  Systems,  Inc.  ("CPS") at a bankruptcy
auction held on March 24th. USTI  successfully  bid $200,000 in cash for the CPS
City Fund  Accounting  and Utility  Billing  source code,  software  support and
licensing  agreements  for  approximately  60  customers  located  in Texas  and
Oklahoma.  The assets purchased also included the accounts receivable related to
these customers as well as  substantially  all of the fixed assets of CPS in its
Dallas office.  The Company expects to close this  transaction by the end of the
month.

     This  Press  Release  contains  forward-looking   statements,   other  than
historical facts, which reflect the view of Company's management with respect to
future events. Such forward-looking  statements are based on assumptions made by
and  information  currently  available  to the  Company's  management.  Although
management  believes  that the  expectations  reflected in such  forward-looking
statements are reasonable,  it can give no assurance that such expectations will
prove to have been correct. Important factors that could cause actual results to
differ  materially  from such  expectations  include,  without  limitation,  the
ability of the Company i) to generate  levels of revenue and adequate cash flows
from its  operations to support and maintain its current cost  structure and ii)
to develop and deliver  products that are  competitive,  accepted by its markets
and are not  rendered  obsolete  by  changing  technology.  The  forward-looking
statements   contained  herein  reflect  the  current  views  of  the  Company's
management  with respect to future  events and are subject to these  factors and
other risks,  uncertainties and assumptions relating to the operations,  results
of operations  and  financial  position of the Company.  The Company  assumes no
obligation  to update the  forward-looking  statements  or to update the reasons
actual  results  could differ from those  contemplated  by such  forward-looking
statements.

     USTI  develops,   markets  and  supports  application  software  for  local
governments and rural water districts.  The software applications operate in IBM
midrange,   network  and  single  user  PC   platforms.   USTI  has  over  1,700
installations nationwide.