TeleTech to Open New Customer Interaction Center in Northbay, Ontario

NORTHBAY, Ontario, Aug. 25 /PRNewswire/ -- TeleTech Holdings, Inc. (Nasdaq: TTEC) the leading global provider of eCommerce-enabling customer management solutions, (eCRM) today announced plans for a new state-of-the-art Customer Interaction Center (CIC) in North Bay, Ontario. The new facility, which will employ approximately 500 people in its first year of operation, is expected to open in the fall of 2000.

TeleTech's North Bay employees will provide eCRM solutions such as inbound sales, technical support and order processing via the telephone and Internet for its Global 1000 companies. The facility will incorporate cutting-edge desktop technology and TeleTech's expertise in training techniques and customer care solutions, ensuring optimum customer satisfaction as well as employee and system performance.

"I am pleased to welcome TeleTech to North Bay and look forward to the positive impact the facility will have on our region's economy," said Mike Harris, premier of Ontario. "We see this facility as an indication of the growth and prosperity to come for both North Bay and TeleTech." "This is a great day for North Bay," remarked Mayor of North Bay, Jack Burrows. "These are the kind of jobs that North Bay needs to keep its young people at home and to attract people who have left North Bay to return." TeleTech, North Bay employees will consist primarily of eCustomer Representatives(TM), training and site managers, facilities and operations personnel. The North Bay facility will be located in 25,000 square feet of space in the Nipissing Mall. TeleTech North Bay also has plans to pursue expansion of this facility in the future.

"TeleTech offers employees an attractive combination of benefits, training and the opportunity to work in an enriching and high tech environment," said Tom Loberto, president of TeleTech's Canadian division. "North Bay's labor pool of enthusiastic and educated citizens, and the cooperation and support given us by the local business community and government, make conditions optimal for long-term success for both TeleTech and the city of North Bay."

TELETECH PROFILE

Founded in 1982, TeleTech is the leading provider of integrated, eCommerce-enabling customer relationship management solutions (eCRM) for global organizations predominantly in the telecommunications, financial services, technology, government and transportation industries. TeleTech operates 15,300 Internet-enabled customer interaction center workstations and employs more than 19,300 people in nine countries. TeleTech's eCRM capabilities, including B2B electronic channel management and database management, help companies inform, acquire, service, grow and retain their customers throughout the entire relationship lifecycle. Its innovative customer interaction platform, CyberCare, integrates the full spectrum of voice and Internet communications, including custom e-mail response, "chat" and extensive Web co-browsing capabilities. Through 35 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.

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: There can be no assurance that TeleTech will be able to maintain or accelerate its growth rate, or maintain its profitability. TeleTech's agreements with its clients generally do not assure that TeleTech will generate a specific level of revenue, do not designate TeleTech as the client's exclusive service provider, and are terminable by the clients on relatively short notice. The loss of one or more of its significant clients, or the loss or delay in implementation of a large customer management program, could cause quarterly variations in TeleTech's revenues. There also can be no assurance that TeleTech can build-out facilities in a timely and economic manner. TeleTech's profitability is significantly influenced by its customer interaction center capacity utilization and TeleTech may experience excess peak period capacity when it opens new or expands an existing customer interaction center or terminates or completes a large client program. Readers are encouraged to review TeleTech's 1999 Annual Report on Form 10-K and 2000 Quarterly Reports on Form 10-Q for the first quarter 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: Elizabeth Johnson, Media Relations, 303-813-4229,
elizabethjohnson@teletech.com, or Kirsten Hamling, Investor
Relations, 303-894-7379, kirstenhamling@teletech.com, both of
TeleTech Holdings, Inc.