TeleTech Renews Multi-Year Technical Support Agreement With Telstra

DENVER, Sep 4, 2002 /PRNewswire-FirstCall via COMTEX/ -- TeleTech Holdings, Inc. (Nasdaq: TTEC), a leading global provider of customer management solutions, today announced it renewed a multi-year agreement with Telstra Corporation, Australia's leading telecommunications provider, to provide technical support for its BigPond Narrowband and Broadband Internet products.

Under terms of the agreement, over 600 representatives will provide multi-tiered technical support and customer care services from three customer management centers in Australia. TeleTech has provided these services for Telstra since 1996, and has developed proprietary knowledge management tools to improve operational efficiency and enhance the overall customer experience.

"We are delighted Telstra selected TeleTech to continue providing high level support to their Internet customers," said Dwin Tucker Chief Executive Officer, TeleTech Australia. "We look forward to continued success as we work to further improve customer satisfaction and drive increased brand loyalty."

TELETECH PROFILE

For twenty years, TeleTech has managed the customer experience for some of the world's largest enterprises. TeleTech's innovative customer care services help companies acquire, serve, grow, and retain customers throughout the entire relationship lifecycle. TeleTech offers solutions to a variety of industries including financial services, transportation, communications, government, healthcare, and travel. With a presence that spans North America, Asia-Pacific, Europe, and Latin America, TeleTech provides comprehensive customer care services to global organizations. Additional information on TeleTech can be found at 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, including: TeleTech's ability to predict future revenue and associated costs; 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 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 products and services of TeleTech's clients. Readers are encouraged to review TeleTech's 2001 Form 10-K, first and second quarter 2002 Forms 10-Q, 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: investors, Karen Breen, +1-303-397-8592, karen.breen@teletech.com, or Dan Campbell, +1-303-397-8634, dan.campbell@teletech.com, both of TeleTech Holdings, Inc.