EXHIBIT 99


FOR IMMEDIATE RELEASE

For Further Information Contact:
Frank J. Corcoran
Senior Vice President and Chief Financial Officer
(315) 455-4882





                   CONTINENTAL INFORMATION SYSTEMS CORPORATION
                 ANNOUNCES FINANCING FACILITY AND VENDOR PROGRAM


SYRACUSE,   NEW  YORK,  April  22,  1996  --  Continental   Information  Systems
Corporation  (NASDAQ - CISC)  today  announced  it has  finalized  a $5  million
revolving loan agreement with the Vendor Finance  Division of Heller  Financial,
Inc.  The  agreement  represents  a  commitment  to provide  warehouse  and term
financing facilities for the Company's lease origination activity.

The Company  also  announced  it has entered  into a vendor  program  with C-Cam
International,  a Tulsa,  Oklahoma based manufacturer of intermodal  containers.
The Company will provide lease  financing for C-Cam  containers  leased to major
shippers of chemicals and other liquid  commodity  products.  Under the program,
the  Company  expects  to  finance  in  excess  of  $10  million  of  new  lease
originations over the next two years.

Continental Information Systems Corporation is engaged in the business of buying
and selling  telecommunications  equipment,  printing  systems,  and  commercial
aircraft, and providing leasing services in connection with such equipment,  and
certain other industrial equipment.


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