Ameri100 Reports Second Consecutive Quarter of Year-Over-Year Adjusted EBITDA Profitability Third Consecutive Quarter of Sequential Gross Margin Improvement ATLANTA

Ameri100 Reports Second Consecutive

Quarter of Year-Over-Year Adjusted EBITDA Profitability

Third Consecutive Quarter of Sequential

Gross Margin Improvement

ATLANTA, Nov. 14, 2018 (GLOBE NEWSWIRE) -- AMERI Holdings,

Inc. (NASDAQ: AMRH) ("Ameri100" or the "Company"), a specialized SAP cloud, digital and enterprise

services company, today reported its unaudited financial results for the three months and nine months ended September 30, 2018.

Third Quarter 2018 vs. Third Quarter 2017

Revenue of $10.6 million compared to $12.5 million;

Gross profit of $2.3 million compared to $2.6 million;

Gross margin of 22.2% compared to 20.5%;

GAAP net income (loss) of $3.9 million compared to $(4.6) million. GAAP net income includes

a one-time non-cash gain of $7.3 million as a result of the Company's change in estimate of its consideration payable related

to a prior acquisition;

Diluted earnings (loss) per share of $0.16 compared to $(0.31). Earnings per share for the

third quarter of 2018 includes the issuance of 2.6 million shares of common stock related to the Company's previously disclosed

private placement; and

Adjusted EBITDA of $5,403 compared to Adjusted EBITDA loss of $(426,092).

First Nine Months of 2018 vs. First Nine Months of

Revenue of $32.7 million compared to $37.1 million;

Gross profit of $7.1 million compared to $8.2 million;

Gross margin of 21.6% compared to 22.1%;

GAAP net income (loss) of $0.4 million compared to $(9.6) million. GAAP net income includes

a one-time non-cash gain of $7.3 million in the third quarter of 2018;

Diluted earnings (loss) per share of $0.02 compared to $(0.66). Earnings per share for the

first nine months of 2018 includes the issuance of additional shares of common stock related to the Company's previously

disclosed private placement; and

Adjusted EBITDA was $35,626 compared to Adjusted EBITDA loss of $(194,699).

"Our 2018 third quarter results attest to a purposeful

focus on both quality of revenue and Adjusted EBITDA profitability. Continued execution of our high margin solutions sales strategy

yielded a 172-basis point improvement in gross margin and a second consecutive quarter of year-over-year positive Adjusted

EBITDA. We are winning digital transformation projects because of our deep SAP domain expertise, broadened solutions offerings

and an elevated profile within the SAP ecosystem following recent marquee wins and deployments. During the quarter we added to

our client base, including our first healthcare market project and a leading golf lifestyle apparel brand. We also closed on a

private placement that gives us the financial flexibility to pursue our organic growth strategy," stated Brent Kelton, Chief

Executive Officer at Ameri100.

"Ameri100 is differentiated in the market as the

only SAP solutions-focused, publicly-traded IT services company. We are building a deep partner network around our unique market

position that is generating new solutions sales opportunities to supplement our sales efforts and is driving an expanding deal

pipeline," continued Mr. Kelton. "With cloud computing central to SAP's strategy, we are in the advanced stages

of formalizing a partnership with a Top-3 cloud vendor that contributed a new client win for us with a Fortune 500 insurance company

subsequent to the close of the quarter. Our machine learning partnership is driving both existing and prospective clients to inquire

about this capability. SAP is also playing an increasing role in our business development efforts. Since the start of 2018 we have

seen a substantial increase in our deal pipeline."

Concluded, Mr. Kelton, "Looking ahead, favorable

market trends support our revenue trajectory, and as we leverage our cost-efficient infrastructure and continue to shift revenue

mix towards high-margin solutions sales, we expect to increase profitability. Our improving operating results, clean balance sheet,

highly motivated salesforce and engaged partner base put us on a path to sustained growth."

Updated Fiscal 2018 Financial Outlook

Based on its third quarter and nine months 2018 financial results and assuming a continued mix shift in favor of higher-margin

solution sales, as well as an expected fewer number of billable days in its fourth quarter, the Company now expects revenue to

be in the range of $40.0 million to $42.0 million for fiscal 2018. The Company also reaffirmed its prior guidance for adjusted

EBITDA profitability for the current fiscal year.

During the third quarter of 2018, Ameri100 entered into securities purchase agreements with certain institutional and accredited

investors for the sale of its common stock and warrants for total consideration of approximately $6,600,000. Pursuant to the private

placement, the Company issued an aggregate of 3,250,000 shares of common stock to these investors at the closing of the private

placement, along with pre-funded Series B warrants for the purchase of 19,508,621 shares of common stock and Series A warrants

for the purchase of 22,544,139 shares of common stock. The Series A warrants have an exercise price of $0.3123 per share.

As of November 14, 2018, the private placement investors have exercised the Series B warrants for the issuance of 16,661,552 shares

Management will host a conference call on Thursday, November 15, 2018, at 8:30 a.m. ET (New York time) to discuss the Company's

results as well as recent corporate developments. After opening remarks, there will be a question and answer period. Interested

parties may participate in the call by dialing 1-833-366-1126 or 1-412-902-6772. Please call in 10 minutes before the conference

call is scheduled to begin. The conference call will also be broadcast live over the Internet. To listen to the live webcast of

the call, please go to the Events section of the Ameri100

corporate website. If you are unable to listen live, the call will be archived and can be accessed for a period of one

year through the Events' link provided above.

Ameri100 is a specialized SAP cloud, digital and enterprise services company which provides SAP services

to customers worldwide. Headquartered in Atlanta, Georgia, Ameri100 has offices in the U.S. and Canada. The Company also has global

delivery centers in India. With its bespoke engagement model, the Company delivers transformational value to its clients across

industry verticals. For further information, visit www.ameri100.com.

Forward-Looking Statements

This press release includes forward-looking statements that relate to the business and expected future events or future performance

of Ameri100 and involve known and unknown risks, uncertainties and other factors that may cause its actual results, levels of activity,

performance or achievements to differ materially from any future results, levels of activity, performance or achievements expressed

or implied by these forward-looking statements. Words such as, but not limited to, "believe," "expect," "anticipate,"

"estimate," "intend," "plan," "targets," "likely," "will," "would,"

"could," and similar expressions or phrases identify forward-looking statements. Forward-looking statements include,

but are not limited to, statements about Ameri100's financial and growth projections as well as statements concerning our plans,

predictions, estimates, strategies, intentions, beliefs and other information concerning our business and the markets in which

we operate. The future performance of Ameri100 may be adversely affected by the following risks and uncertainties: the level of

market demand for our services, the highly-competitive market for the types of services that we offer, market conditions that could

cause our customers to reduce their spending for our services, our ability to create, acquire and build new businesses and to grow

our existing businesses, our ability to attract and retain qualified personnel, currency fluctuations and market conditions around

the world, and other risks not specifically mentioned herein but those that are common to industry. For a more detailed discussion

of these factors and risks, investors should review Ameri100's reports on Form 10-K and other reports filed with the Securities

and Exchange Commission (the "SEC"), which can be accessed through the SEC's website. Forward-looking statements in

this press release are based on management's beliefs and opinions at the time the statements are made. All forward-looking statements

are qualified in their entirety by this cautionary statement, and Ameri100 undertakes no duty to update this information to reflect

future events, information or circumstances.

Use of Non-GAAP Financial Measures

In addition to financial results calculated in accordance with U.S. generally accepted accounting principles ("GAAP"),

information containing non-GAAP financial measures for the Company are disclosed in this press release. The non-GAAP financial

measures disclosed by the Company should not be considered a substitute for, or superior to, financial measures calculated in accordance

with GAAP, and the financial results calculated in accordance with GAAP and reconciliations to those financial statements should

be carefully evaluated. The non-GAAP financial measures used by the Company may be calculated differently from, and therefore may

not be comparable to, similarly titled measures used by other companies. The Company has provided reconciliations of the non-GAAP

financial measures to the most directly comparable GAAP financial measures. Management encourages readers to rely upon the GAAP

numbers, but includes the non-GAAP financial measures as supplemental metrics to assist readers.

In this press release, the Company presents the non-GAAP

financial measure "adjusted EBITDA." Company management uses this non-GAAP financial measures to evaluate the Company's