TeleTech Brazil Expands Relationship With Hewlett-Packard

DENVER, Colo., May 6 /PRNewswire-FirstCall/ -- TeleTech Holdings, Inc. (Nasdaq: TTEC), a leading global provider of customer management solutions, today announced that TeleTech Brazil renewed and expanded its relationship with Hewlett-Packard (HP) Brazil.

Under terms of the agreement, TeleTech Brazil will continue to provide after sales assistance and technical support to HP's customers in Brazil. TeleTech Brazil launched its first program with HP over five years ago, and recently expanded its agreement as a result of HP's continued growth in the Brazilian marketplace.

"TeleTech shares our passion for putting the customer first," said Cristina Koezuka, head of HP Brazil's customer support. "Our long standing partnership with TeleTech has helped us maintain market leadership as we work together to further strengthen the HP brand and improve customer loyalty."

"We are pleased HP renewed our relationship, and look forward to a continued successful partnership," said Marcelo Franca, President of TeleTech Brazil. "As a worldwide leader in the technology industry, HP has a strong commitment to providing exceptional customer service and technical support. TeleTech Brazil is uniquely positioned to provide unique customer management solutions that strengthen HP's competitive position as they continue to expand their Brazilian operations."

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 2002 Form 10- K, and other publicly filed documents, which describe in greater detail these and other important factors that may impact TeleTech's business, results of operations, financial condition and cash flows. TeleTech undertakes no obligation to update its forward-looking statements after the date of this release.

SOURCE TeleTech Holdings, Inc.