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To: reikjavic who wrote (80694)	6/25/1999 2:38:00 PM
From: reikjavic	Respond to of 119973

Tier Technologies Announces Finalization of $31.7 Million Contract WALNUT CREEK, Calif.--(BUSINESS WIRE)--June 25, 1999--Tier Technologies, Inc. (Nasdaq: TIER - news) today announced that it has finalized its new agreement with a governmental entity that selected the Company to upgrade its child support enforcement system. As prime vendor under the 5-year contract, which has a value of approximately $31.7 million, Tier's project responsibilities will encompass design and development of enhancements to the system as well as installation, operation and maintenance of the system. The Company announced its receipt of a Letter of Intent for this contract in a release dated April 29, 1999. Work on the project has begun. As announced June 18, 1999, Tier acquired the ownership rights to a project management system the Company will use to ensure the quality and timely delivery of its services and to monitor this project's progress. ''We acquired the intellectual property rights to our project management system to facilitate our ability to complete projects of precisely this scope and magnitude. The system will be a key tool for ensuring that we optimize the quality of our world-class systems solutions,'' said James L. Bildner, Chairman and Chief Executive Officer. ''This contract represents an excellent opportunity for Tier to leverage our large-scale systems integration capability, which is particularly strong in the health and human services marketplace.'' ''This award, one of the largest Tier has ever won, extends our U.S. presence to 28 states and the District of Columbia and continues our trend toward winning larger, more complex full system projects,'' Mr. Bildner continued. ''We are pleased to have this opportunity to deepen our relationship with this Government Services Division client, and we look forward to playing a role in its efforts to modernize its child support enforcement system and to ensure the system's ongoing federal compliance.'' Tier Technologies provides information technology consulting, application development and software engineering services that facilitate the migration of clients' enterprise-wide systems and applications to leading edge technologies. Tier serves Fortune 1000 companies and government entities through its offices located in the United States, Australia and the United Kingdom. Certain statements contained herein, including statements regarding the award of contracts related to notices of intent to award and the development of the Company's services, markets and future demand for the Company's services and other statements regarding matters that are not historical facts, are forward- looking statements (as defined in the Private Securities Litigation Reform Act of 1995). Such forward-looking statements include risks and uncertainties; consequently, actual results may differ materially from those expressed or thereby. Factors that could cause actual results to differ materially from those set forth herein include, but are not limited to, the failure to obtain formal contracts based on notices to award; the possible termination of projects by major clients or strategic partners; variations in the timing, initiation or completion of client assignments; the Company's ability to recruit, train and retain IT professionals and key personnel; the Company's dependence on a limited number of large clients; the Company's ability to effectively manage growth and acquisitions; risks associated with rapid technological advances; risks associated with international operations; and other risk factors listed from time to time in the Company's filings and reports with the Securities and Exchange Commission, including but not limited to the Company's Form 10-K filed on December 21, 1998. Tier Technologies.taking the risk out of change.(SM) Contact: Tier Technologies, Inc. George K. Ross Executive Vice President & Chief Financial Officer 925-937-3950 (ext. 167) or Morgen-Walke Associates Michele Katz/Connie Bienfait/Ian Hirsch Press: Rob Ingram, Amy Sikorski 212-850-5600 e-mail: cbienfait@morgenwalke.com