TeleTech Awarded Contract With Qantas Airways

DENVER, Sep 19, 2001 /PRNewswire/ -- TeleTech Holdings, Inc., (Nasdaq: TTEC) a leading global provider of customer relationship management (CRM) services and solutions, has announced an agreement with Qantas Airways Limited and Impulse Airlines in Newcastle, NSW, Australia. The agreement underscores TeleTech's ability to provide robust and scalable solutions to the airline industry and strengthens the company's presence in Australia.

Under the agreement, TeleTech will assume the management of a customer interaction center in Newcastle, NSW, Australia, and the jobs of more than 100 staff will be maintained. The 150 seat center was previously operated by Impulse Airlines. The terms of the agreement were not disclosed.

The center's staff will provide customer care services on behalf of Qantas.

In the future, the center may also provide customer interaction services to other TeleTech clients. TeleTech, voted one of Australia's top 10 employers by Hewitt & Associates in 2000 has facilities in Sydney, Melbourne and Canberra.

"As the largest provider of call center and customer relationship management solutions and services in Australia, TeleTech is delighted to be working with Qantas," stated Dwin Tucker, TeleTech Australia's Chief Executive Officer.

John Borghetti, Qantas Executive General Manager Sales and Distribution, said the airline will maintain its existing telephone call centers in Brisbane, Sydney, Melbourne and Hobart.

TeleTech Profile

Founded in 1982, TeleTech is the leading provider of integrated customer relationship management solutions (CRM) for global organizations predominantly in the communications, financial services, technology, government and transportation industries. TeleTech has operations in twelve countries including Argentina, Australia, Brazil, Canada, China, Northern Ireland, Mexico, New Zealand, Scotland, Singapore, Spain and the U.S. TeleTech's CRM capabilities including B2B electronic channel management and database management, help companies inform, acquire, serve, grow and retain their customers throughout the entire relationship lifecycle. TeleTech integrates a full spectrum of voice and Internet communications, including e-mail response, "chat" and extensive Web co-browsing capabilities. 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: 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 and ventures; TeleTech's ability to predict future revenues and associated costs, as well as 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 2000 Annual Report on Form 10-K, first and second quarter 2001 Form 10-Qs, and other publicly filed documents which describe other important factors that may impact TeleTech's business, results of operations and financial condition. TeleTech undertakes no obligation to update its forward-looking statements after the date of this release.

SOURCE TeleTech Holdings, Inc.

CONTACT:  Karen Breen, Karen.breen@teletech.com, or 
          Dan Campbell, Dan.campbell@teletech.com, 
          both Investor Relations, TeleTech Holdings, Inc.,
          +1-303-397-8592, or +1-303-397-8634