Forensic Technologies International CorporationReports Record EPS and Announces...

ANNAPOLIS, MD--(BUSINESS WIRE)--April 28, 1998 --

- Posts Record Net Income and EPS in First Quarter 1998 - - Announces Intent to Acquire The Center for Forensic Economic

Studies, Ltd. -

- Proposes Change of Name to FTI Consulting, Inc.

Forensic Technologies International Corporation (Nasdaq: FTIC), a leader in litigation and claims management consulting, today reported its results for the first quarter ended March 31, 1998.

For the quarter, revenues increased 47.9% to $14.1 million, compared with $9.5 million in the first quarter of 1997. Net income increased 72.2% to a record $1.1 million, compared with $640,000 in the prior year's period. Diluted earnings per share for the quarter were a record $0.22 versus $0.14 in the comparable 1997 period.

Jack Dunn, President and Chief Executive Officer, said, "In the first quarter, FTI once again posted strong internal revenue growth of 27%, reflecting continued strength in all areas of our business, particularly in litigation support and intellectual property consulting, where the demand for our services continues to be strong. We also enjoyed a significant increase in operating margin to 13.2% versus 10.8% in the first quarter of 1997, owing to improved efficiencies in selling, general and administrative expenses as we continue to control our overhead costs while growing the Company. Our record earnings in the quarter and consistently strong internal growth clearly demonstrate our ability to execute our strategy of growth via acquisition while maintaining profitability, furthering our efforts to position FTI as the major player in our industry."

Separately, the Company announced that it has signed a letter of intent to acquire The Center for Forensic Economic Studies, Ltd. ("Center"), based in Philadelphia, Pennsylvania, with service offices in New York City and Rockville, Maryland. While terms were not disclosed, the acquisition is expected to be completed during the second quarter of 1998.

The Center employs twenty professionals including nine senior level economists and statisticians, who FTI believes can support annual revenues in excess of $6 million at attractive margins that should be immediately accretive to FTI's operating results. The Center specializes in economic analysis in support of litigation, including assessment of employment damages and liability, commercial damages, business appraisals and personal- injury/wrongful-death damages. The Center's clients include attorneys, government agencies and corporations throughout the United States.

Mr. Dunn commented, "We are extremely excited about the opportunity to acquire the Center, as it is in line with our strategy to broaden FTI's service offerings via acquisition. The Center is a highly regarded name in economic consulting, which is an essential component of the litigation support industry. We believe FTI's entrance into this area represents a natural and necessary progression as we continue to expand the services offered to our clients in response to their needs."

Additionally, the Company announced its proposal to change its name to FTI Consulting, Inc. The change is subject to shareholder approval at the Company's Annual Meeting of Shareholders, to be held on May 20, 1998.

Mr. Dunn said, "We believe that the name FTI Consulting, Inc. will better reflect our service offerings and mix of business. While the Company is already known in the marketplace as `FTI', we believe that it is important and beneficial from an investment standpoint to be clearly identified as a consulting company, which more appropriately describes the services we provide."

FTI is a leading provider of litigation and claims management consulting services to major corporations, law firms, and insurance companies in the United States. Through a unique integrated approach to strategic consulting, FTI's services include visual communications and trial consulting, engineering and scientific services, and assessment and expert testimony regarding intellectual property rights and claims management outsourcing services, from assessment to restoration. The Company is headquartered in Annapolis, Maryland, and has 25 offices located throughout the United States and Canada.

Except for historical information contained herein, the matters discussed are forward-looking statements (as such term is defined in the Securities Act of 1933, as amended) and because such statements include risks and uncertainties, actual results may differ materially from those forward-looking statements.

        FORENSIC TECHNOLOGIES INTERNATIONAL CORPORATION
                CONDENSED STATEMENT OF OPERATIONS
         FOR THE QUARTERS ENDED MARCH 31, 1998 AND 1997
          (thousands of dollars, except per share data)

                               Quarter Ended
                            3/31/98   3/31/97
                               (Unaudited)

Revenues                   $14,109   $ 9,539

Direct cost of revenues      7,580     5,162

Selling, general and
 administrative expenses     4,662     3,349

Total costs and expenses    12,242     8,511

Income from operations       1,867     1,028

Other, net                      (3)       56

Income from operations
  before income taxes        1,864     1,084

Income taxes                   759       444

Net income                  $1,105    $  640

Earnings Per Share Data:
  Diluted                   $ 0.22    $ 0.14

Weighted average shares
  and share equivalents
   outstanding           5,072,000  4,624,500


           FORENSIC TECHNOLOGIES INTERNATIONAL CORPORATION
                     CONDENSED BALANCE SHEET
           AS OF MARCH 31, 1998 AND DECEMBER 31, 1997
                     (thousands of dollars)


                                   March 31, 1998     December 31,
                                                      1997
                                    (Unaudited)
Assets
    Current assets
    Cash and cash equivalents       $     2,663        $     2,456
    Accounts receivable                  11,466             10,198
    Unbilled receivables                  3,703              4,194
    Other current assets                  1,346                841
 Total current assets                    19,178             17,689

 Property - Net                           6,390              6,288

 Goodwill - Net                           5,079              5,141
 Other assets                                47                 58

Total Assets                         $   30,694        $   29,176

Liabilities and stockholders
  equity
 Current liabilities:
    Accounts payable                $     1,963        $     2,825
    Current note payable                  1,200              1,200
    Accrued compensation expense          1,674              1,995
    Income tax payable                      690                297
    Advances from clients                   402                519
    Other current liabilities               117                219
 Total current liabilities                6,046              7,055

 Long-term debt and capital
   lease obligations,
   less current portion                     954               933
 Deferred tax liability, long term          177               169

 Stockholders  equity
    Common stock                             47                46
    Additional paid-in capital           15,807            14,526
    Retained earnings                     7,553             6,447
 Total stockholders  equity              23,517            21,019

 Total liabilities and
   stockholders  equity              $   30,694         $  29,176

CONTACT: Forensic Technologies International Corporation

Jack Dunn, President/CEO

Gary Sindler, Executive VP, CFO, 410/224-8770

or

Morgen-Walke Associates, Inc.

Investor Relations: Cheryl Schneider/Tessa Lavender

Press: Michael McMullan, 212/850-5600