Percepta Signs Multi-Year Agreement With PRIMUS, A Division of Ford Credit; Percepta to Support Consumer Automotive Financing Inquiries

DENVER, Jan. 7 /PRNewswire/ -- Percepta, a provider of customer relationship management services and solutions to the automotive industry, has signed a multi-year agreement with PRIMUS Financial Services, a division of Ford Credit. Percepta is a joint venture between Ford Motor Company and TeleTech Holdings, Inc. TTEC, a leading global provider of customer relationship management solutions.

PRIMUS offers automotive leasing and financing services under the PRIMUS name as well as under several private labels. Under the agreement, Percepta will support PRIMUS' U.S. consumer inquiries regarding loan terms, payoff quotes, payment arrangements and account maintenance. In addition, Percepta will handle inquiries from dealers and other automotive financing companies concerning outstanding customer loans and leases.

``At PRIMUS we are committed to providing prompt customer service, accurate processing and exceptional quality in our customer interactions,'' said PRIMUS President and COO Andy Menzyk. ``We are confident our partnership with Percepta will allow us to maintain our customers' high quality experience.''

``We are pleased to extend our relationship with the Ford family of companies,'' stated Geoff Smyth, Chief Executive Officer of Percepta. ``In the automotive financing and leasing industry, customer service is a strategic competitive differentiator. Our continued success in establishing new client relationships clearly points to our value proposition of delivering complex, end-to-end customer service solutions in the automotive industry.''

PERCEPTA PROFILE

Established in February 2000, Percepta currently manages new product launch communications, customer satisfaction analysis, concern resolution, dealer assistance, customer relationship management (CRM) programs, and web-based sales on behalf of various clients in the automotive industry and automotive supply chain. Percepta operates around the globe from locations in Australia, Canada, Mexico, the United Kingdom and the United States. Additional information can be found at www.percepta-crm.com.

TELETECH PROFILE

Founded in 1982, TeleTech is a leading provider of integrated customer relationship management (CRM) solutions for global organizations predominantly in the communications, financial services, government, technology and transportation industries. TeleTech has operations in twelve countries which include Argentina, Australia, Brazil, Canada, China, 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 at www.teletech.com .

FORD CREDIT PROFILE

Ford Credit is a wholly-owned subsidiary of Ford Motor Company and is the world's largest automotive finance company. Now in its 42nd year, Ford Credit provides vehicle financing in 40 countries to more than 10 million customers and more than 12,500 automotive dealers. Ford Credit had total earnings of $1.5 billion in 2000, with a worldwide receivables base of more than $165 billion. More information about Ford Credit can be found on the World Wide Web at www.fordcredit.com .

PRIMUS PROFILE

PRIMUS Financial Services has been serving the automotive industry since 1990. From its headquarters in Franklin, Tenn. and its 38 North American offices, PRIMUS serves more than one million customers and has $20 billion in retail, lease and wholesale receivables.

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, second and third 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.