I-many, Inc. Granted Continued Listing on NASDAQ

EDISON, NJ, Mar 24 (MARKET WIRE) --
I-many, Inc. (NASDAQ: IMNY) today announced that, on March 20, 2009, the
company received notification from The NASDAQ Stock Market ("NASDAQ")
that the NASDAQ Listing Qualifications Panel (the "Panel") has determined
to grant the company's request to remain listed on The NASDAQ Capital
Market, subject to the condition that, among other things, the company
evidence stockholders' equity at or above $2.5 million on or before May
26, 2009. There can be no assurance, however, that the company will be
able to regain compliance by the deadline established by the Panel.

The Panel's determination follows a hearing on January 8, 2009 at which
the Panel considered the company's plan to regain compliance with NASDAQ's
minimum stockholders' equity requirement.

Safe Harbor for Forward Looking Statements

This press release may contain forward-looking information within the
meaning of Section 21E of the Securities Exchange Act of 1934, as amended
(the Exchange Act), including all statements that are not statements of
historical fact regarding the intent, belief or current expectations of
the company, its directors or its officers. The words "may," "would,"
"will," "expect," "estimate," "anticipate," "believe," "intend" and
similar expressions and variations thereof are intended to identify
forward-looking statements. Investors are cautioned that any such
forward-looking statements are not guarantees of future performance and
involve risks and uncertainties, many of which are beyond the company's
ability to control, and that actual results may differ materially from
those projected in the forward-looking statements as a result of various
factors.

Company Contacts:
I-many, Inc.
Kevin Harris
CFO
732-452-1515
Email Contact

or

Investor Relations:
Liolios Group, Inc.
949-574-3860
Ron Both
Email Contact
Geoffrey Plank
Email Contact

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