TeleTech and e-PROFILE to Deliver World-Class eCRM Solutions For Internet Financial Services Industry

DENVER, Aug. 17 /PRNewswire/ -- TeleTech Holdings Inc. (Nasdaq: TTEC), the leading global provider of eCommerce-enabling customer management solutions (eCRM) today announced a strategic alliance with e-PROFILE(TM) Inc., a majority-owned subsidiary of Sanchez Computer Associates Inc. e-PROFILE and TeleTech will jointly develop and deliver eCRM solutions to companies in the Internet financial services space.

The alliance will leverage TeleTech's customer management solutions, including its top-quality Customer Interaction Center capabilities around the world, and its leading-edge eCRM Insourcing(TM) consulting expertise. e-PROFILE will provide expertise in integrated, end-to-end operations and technology solutions for Internet-based financial services. The two companies will jointly deliver comprehensive e-banking solutions that integrate front and back-end processing, technology solutions and world-class customer interaction management.

"We're pleased to work with e-PROFILE because they have a proven business model that's successful in helping banks utilize the Internet," commented Scott Thompson, chief executive officer and president, TeleTech Holdings, Inc. "By incorporating TeleTech's customer management expertise, processes and methodologies into their overall offering, e-PROFILE will have a broader solution that incorporates the best in eCRM."

"As consumer expectations grow for on-line financial services, customer care is especially important," said Michael Sanchez, chief executive officer of e-PROFILE, Inc. "Our clients want a range of customer management options. With TeleTech, we've found an answer. The breadth of services and solutions that TeleTech offers will add-value to our end-to-end package for our customers."

TELETECH PROFILE

Founded in 1982, TeleTech is the leading provider of integrated, e-commerce-enabling customer management solutions (eCRM) for global organizations predominantly in the telecommunications, financial services, technology, government and transportation industries. Its innovative customer interaction platform, CyberCare(TM), integrates the full spectrum of voice and Internet communications, including custom e-mail response, "chat" and extensive Web co-browsing capabilities. TeleTech operates 15,300 state-of-the-art customer interaction center workstations and employs 19,300 people in nine countries. Through 33 customer interaction centers in the Americas, Europe and Asia, TeleTech couples high-velocity e-infrastructure service deployment with premier quality e-customer relationship management to assure our clients/partners unparalleled success in acquiring, retaining and growing customer relationships.

Information regarding TeleTech Holdings can be found on the Worldwide Web at http://www.teletech.com.

About e-PROFILE

e-PROFILE, Inc. is a majority-owned subsidiary of Sanchez Computer Associates, Inc. e-PROFILE is a vertical services provider (VSP) for the financial services industry that provides integrated end-to-end operations and technology solutions that enable top-tier financial services companies to offer on-line financial services to their customers.

FORWARD LOOKING STATEMENTS

All statements not based on historical fact are forward-looking statements that involve substantial risks and uncertainties. In accordance with the Private Securities Litigation Reform Act of 1995, following are important factors that could cause TeleTech's actual results to differ materially from those expressed or implied by such forward-looking statements: lower than anticipated customer interaction center capacity utilization; the loss or delay in implementation of a customer management program; TeleTech's ability to build-out facilities in a timely and economic manner; greater than anticipated competition from new entrants into the customer care market, causing increased price competition or loss of clients; the loss of one or more significant clients; higher than anticipated start-up costs associated with new business opportunities; TeleTech's ability to predict the potential volume or profitability of any future technology or consulting sales; TeleTech's agreements with clients may be canceled on relatively short notice; and TeleTech's ability to generate a specific level of revenue is dependent upon customer interest in and use of the Company's clients' products and services. Readers are encouraged to review TeleTech's 1999 Annual Report on Form 10-K and Quarterly Reports on Form 10-Q, for first and second quarters 2000, which describe other important factors that may impact TeleTech's business, results of operations and financial condition.

SOURCE TeleTech Holdings, Inc.

Web site: http://www.teletech.com
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CONTACT: Claire Maledon, Media Relations, 720-947-6182,
clairemaledon@teletech.com; or Emily Eikelberner, Investor
Relations, 303-894-7360, emilyeikelberner@teletech.com, both of
TeleTech Holdings, Inc.