TeleTech Renews Multi-Year Agreement With Yellow Pages Subsidiary of Telefonica De Espana

DENVER, Feb. 25 /PRNewswire-FirstCall/ -- TeleTech Holdings, Inc. (Nasdaq: TTEC), a leading global provider of customer management solutions, today announced it renewed a multi-year agreement with Telefonica Publicidad e Informacion (TPI), the yellow pages subsidiary of Telefonica de Espana.

Under terms of the agreement, TeleTech will continue to market advertisement opportunities for various TPI publications to current and potential customers in Spain. TPI's publications include traditional yellow pages, business white pages, "spoken" yellow pages, and on-line business directories. TeleTech began its relationship with TPI in 1999.

With operations in Spain, Brazil, Chile, and Peru, TPI is the world's largest publisher of Spanish and Portuguese business directories.

"TeleTech has consistently provided TPI with first-rate customer management solutions," said Alfonso Torres, TPI's Director of External Channels. "TeleTech understands our vision of maintaining industry leadership, and complements our market penetration goals with a strategic approach to strengthening TPI's brand loyalty."

"TPI's renewed endorsement demonstrates that we continue to offer comprehensive customer management solutions and confirms TPI's confidence in our services," said William Walker, President of TeleTech's European operations. "We look forward to continued success as we work with TPI to strengthen its global industry leadership position."

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, second, and third 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.