EXHIBIT 99.1


Emergent Information Technologies, Inc. to Trade on Nasdaq Small Cap Market

NEWPORT BEACH, Calif.--(BUSINESS WIRE)--May 23, 2000--Emergent Information
Technologies, Inc. (Nasdaq:EITI) Tuesday announced that it will trade under the
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Nasdaq small capitalization listing following notification from Nasdaq that it
does not comply with the requirements for continued listing on the Nasdaq
National Market.

The switch will be effective at the opening of business on May 30, 2000. The
company's trading symbol, EITI, will remain the same and the company expects no
interruption or change in trading.

"Moving from the National Market to the Small Cap Market is the result of our
executing certain elements of our business plan -- it really has no practical
effect," said Chuck DeVore, vice president for Communications.

DeVore explained that the company's tangible net asset level had to remain above
$4 million or the bid price had to remain at or above $5 per share to satisfy
the maintenance standards for the National Market.

DeVore continued, "Our successful drive to diversify from our proposal
management business added $55.6 million in goodwill to our books from five
acquisitions completed over two years. Investing in proprietary software to
boost our future earnings potential required $7.6 million in development
expenses over the last five quarters. Lastly, we bought back some $9.3 million
of company stock in 1999. These actions reduced our tangible net worth below the
$4 million threshold. These actions also built a company with trailing 12 month
revenues of $113 million, a compound annual growth rate of 58% since going
public, a much more diversified customer base, and our first major software
licensing revenue -- a $1.2 million agreement with a major telecommunications
company announced only two weeks ago."

Emergent will overview its strategy for continued growth over the Internet
through The Financial Relations Board's Virtual CEO Summit. The investor
presentation and conference call will be held on May 24, 2000 at 12:00 noon EST
and can be accessed at www.vcall.com.

 About Emergent

Emergent Information Technologies, Inc. (formerly SM&A Corp.) is a leading
provider of IT solutions, mission critical software, modeling and simulation
services, and systems engineering to business and government. Its wholly-owned
subsidiary, Steven Myers & Associates, Inc. (SM&A), provides proposal management
services.

Statements herein concerning the company's growth and strategies may include
forward-looking statements. The company's actual results may differ materially
from those suggested as a result of various factors. Interested parties should
refer to the disclosure set forth under the caption "Risk Factors" and elsewhere
in the company's Form 10-K/A for the year ended Dec. 31, 1999, and the 10-Q for
the period ended March 31, 2000 for additional information regarding risks
affecting the company's financial condition and results of operations.
Additional information on Emergent is now available via the Internet at
http://www.emergent-IT.com.

CONTACT: Emergent Information Technologies, Inc., Newport Beach
Michael Piraino, 949/975-1487


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