Helios and Matheson Moved Principal Executive Office to Empire State Building

New York, New York, UNITED STATES

NEW YORK, Feb. 21, 2012 (GLOBE NEWSWIRE) -- Helios and Matheson Information Technology Inc (Nasdaq:HMNY) ("HMNY" or the "Company"), a 30 year old IT services organization focused on banking, financial services and insurance sectors, announced that the Company has moved its principal executive office to the Empire State Building.

New York is key to Helios and Matheson's growth strategy. "We are seeing increasing demand for technology solutions in banking and financial services sectors as businesses drive operational efficiencies to gain competitive advantage," said Divya Ramachandran, CEO.

The iconic Empire State Building has most recently invested $500 million to upgrade its infrastructure to meet the needs of a new century. The top to bottom enhancement and upgrade program provides a first-rate infrastructure in a premier business environment.


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