SOUTHFIELD, Mich., Jan. 7 /PRNewswire-FirstCall/ -- TechTeam Global, Inc.
(NASDAQ: TEAM)
, a worldwide provider of information technology, enterprise support and business process outsourcing services, today announced that two new contract wins are expected to provide approximately 65 additional jobs in its Michigan operations. The combined value of both contracts exceeds $20 million over a three-year period. The names of the client companies were not disclosed.
The new employment opportunities are in the information technology field and provide TechTeam customers with IT service desk support. Staffing of these positions has already begun and is anticipated to continue through March.
The two contracts are with global organizations, including an accounting and business consulting firm and a producer of aluminum and fabricated aluminum products.
"We are pleased to be able to provide new employment opportunities in Michigan," said Gary J. Cotshott, President and Chief Executive Officer of TechTeam Global, Inc. "With the availability of high quality, skilled individuals, we continue to find Michigan to be a competitive 'on-shore' delivery option."
"We are proud of our ability to deliver exceptional value to our customers and to win new business competing with the largest outsourcing companies. It is clear that, in this economic downturn, organizations need our services more than ever to help them increase their efficiency, flexibility and agility on a global level," added Cotshott.
About TechTeam Global, Inc.
TechTeam Global, Inc. is a worldwide provider of information technology, enterprise support and business process outsourcing services to Fortune 1000 corporations, multinational companies, product providers, small and medium- sized companies, and government entities. TechTeam's ability to integrate computer services into a flexible, ITIL-based solution is a key element of its strategy. Partnerships with some of the world's "best-in-class" corporations provide TechTeam with unique expertise and experience in providing information technology support solutions. For information about TechTeam Global, Inc. and its services, call 800-522-4451 from the United States or visit our Web sites at www.techteam.com and www.techteam.eu. TechTeam's common stock is traded on the NASDAQ Global Market under the symbol "TEAM."
Safe Harbor Statement
The statements contained in this press release that are not purely historical, including statements regarding the company's expectations, hopes, beliefs, intentions, or strategies regarding the future, are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements include statements regarding, among other things, the potential impact of this acquisition on the company's revenue and earnings performance going forward. Forward-looking statements may be identified by words including, but not limited to, "anticipates," "believes," "intends," "estimates," "promises," "expects," "should," "conditioned upon," and similar expressions. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those projected in the forward-looking statements as a result of various factors. There can be no assurance that it will have the impact on the company's financial condition and results of operations contemplated in this release. The forward-looking statements included in this press release are based on information available to the company on the date hereof, and the company assumes no obligation to update any such forward-looking statement. Prospective investors should also consult the risks described from time to time in the company's Reports on Forms 8-K, 10-Q, and 10-K filed with the United States Securities and Exchange Commission.
Contacts:
TechTeam Global, Inc. Boscobel Marketing Boscobel Marketing
Chris Donohue Communications Communications
VP, Global Strategy & Jessica Klenk Michael Rudd
Marketing (301) 588-2900 (301) 588-2900
(248) 357-2866 jklenk@boscobel.com mrudd@boscobel.com
cdonohue@techteam.com
Website: http://www.techteam.com/