Personalized Customer Communications Enables Automotive Dealers to Increase Brand LoyaltySAN DIEGO, March 1, 2005 /PRNewswire-FirstCall via COMTEX/ -- Newgen Results Corporation, a
wholly-owned subsidiary of TeleTech Holdings, Inc. (Nasdaq: TTEC), and a
leading provider of innovative marketing solutions to the automotive industry,
today announced the launch of Genuine Retention Plus (GRP) with Ford Motor
Company (NYSE: F). Genuine Retention Plus offers automotive dealers
personalized marketing solutions to increase customer satisfaction and
retention levels, resulting in greater brand loyalty for Ford and its
dealerships.
Newgen's GRP offers dealers the ability to send their customers
personalized service communications triggered at the most appropriate time,
based on past customer behavior. Ford service departments will promote
automobile tune-up reminders, dealer specials, and other services throughout
the car ownership cycle. GRP enables Ford dealers to deliver targeted
marketing campaigns directly to their customers, building long-term loyalty
and driving business growth.
"Over the last twelve months, Newgen has enhanced its platform to deliver
this groundbreaking GRP application, and the strength of our partnership with
Ford fostered its development," said Greg O'Neill, president and general
manager of Newgen Corp. "It is an unprecedented opportunity for Ford dealers
throughout the country to build customer allegiance in an increasingly
competitive market."
"Ford Customer Service Division regards GRP as one of the most advanced
service and sales communication opportunities available to our dealers in
2005," said Mitch Lord, FCSD Senior Manager. "Ford and Lincoln Mercury
dealers across the country can now take advantage of multiple consumer
preferred communication channels to reach their new and used vehicle owners.
We believe this will result in greatly improved communication, satisfaction,
and brand loyalty for Ford customers."
ABOUT FORD MOTOR COMPANY
Ford Motor Company is the world's second largest automaker, with
345,000 employees and manufacturing and distribution operations in more than
200 countries on six continents. Ford Motor Company's automotive brands
include Ford, Mercury, Lincoln, Jaguar, Volvo, Mazda, Aston Martin, and Land
Rover. Its automotive-related services include Hertz, Quality Care and Ford
Credit. Additional information can be found on Ford's website at
www.ford.com.
ABOUT NEWGEN RESULTS CORPORATION
Newgen, a wholly owned subsidiary of TeleTech Holdings, Inc., is a leading
provider of online solutions and B2B enterprise channel management services.
Newgen combines marketing and customer retention with an in depth knowledge of
service department operations to deliver highly targeted and customized
solutions to automotive dealers and manufacturers. Newgen houses vehicle data
for 60 million consumers, sends out over 32 million letters, and places
28 million telephone calls annually on behalf of over 5,000 auto dealerships
nationwide. Newgen also maintains relationships with leading automotive
manufacturers and dealers groups including Audi, BMW, Ford, General Motors,
Hyundai, Infiniti, Jaguar, Kia, Mitsubishi, Nissan, Saab, Volkswagen, Volvo,
plus AutoNation and CarMax Auto Superstores. For more information, call
800-7NEWGEN or visit www.ngresults.com. TeleTech Holdings, Inc., which
acquired Newgen in 2000, is a leading provider of integrated CRM solutions for
global organizations predominantly in the communications, financial services,
technology, government, and transportation industries.
ABOUT TELETECH
TeleTech is a premier global business services company that provides a
full range of front- to back-office solutions including customer management,
BPO, database marketing, and outsourced services to measurably enhance
clients' core customer management processes. TeleTech's proven ability to
create innovative strategies, combined with its global technology platform and
delivery infrastructure, helps clients increase revenue, lower costs, and
delight and retain their customers around the world. TeleTech's products and
services, proprietary process, and recognized capabilities to implement
complex global projects make the company a valued partner for clients that
include Global 1000 businesses and governments. TeleTech partners with
clients offering 150 languages, through its more than 33,000 employees, in
17 countries. For additional information, visit www.TeleTech.com.
FORWARD-LOOKING STATEMENTS
This press release may contain certain forward-looking statements relating
to future results. The Private Securities Litigation Reform Act of 1995
provides a safe harbor for forward-looking statements. These forward-looking
statements are subject to risks and uncertainties that may cause TeleTech's
and its subsidiaries' actual results to differ materially from those expressed
or implied by such forward-looking statements, including but not limited to
the following: the ability to successfully launch and generate revenue from
new product introductions; the ability to achieve the Company's three-year
financial goals and targeted cost reductions; the estimated revenue associated
with new or renewed client agreements; the possibility of the Company's
Database Marketing and Consulting segment not returning to historic levels of
profitability; greater than anticipated competition in the customer care
market, causing adverse pricing and more stringent contractual terms; risks
associated with losing or not renewing significant client relationships, or
early termination of a client agreement; the Company's ability to close new
business and fill excess capacity; consumers' concerns or adverse publicity
regarding the products of the Company's clients; higher than anticipated
start-up costs or lead times associated with new ventures or business in new
markets; execution risks associated with performance-based pricing metrics in
certain client agreements; execution risks associated with achieving targeted
annualized cost reductions; the Company's ability to find cost effective
locations, obtain favorable lease terms, and build or retrofit facilities in a
timely and economic manner; risks associated with business interruption due to
weather-related events; risks associated with attracting and retaining
cost-effective labor at the Company's customer management centers; the
possibility of additional asset impairments and restructuring charges; risks
associated with changes in foreign currency exchange rates; economic or
political changes affecting the countries in which the Company operates;
changes in accounting policies and practices promulgated by standard setting
bodies; and, new legislation or government regulation that impacts the
customer care industry.
Please refer to the Company's filings with the Securities and Exchange
Commission, including the Company's Annual Report on Form 10-K for the year
ended 2003 and other more recent SEC filings, for a detailed discussion of
factors discussed above and other important factors that may impact the
Company's business, results of operations, financial condition, and cash
flows. The Company assumes no obligation to update its forward-looking
statements to reflect actual results or changes in factors affecting such
forward-looking statements. TeleTech, the TeleTech logo, TeleTech On Demand,
and Customer Insight Analyzer are trademarks of TeleTech Holdings, Inc.
SOURCE TeleTech Holdings, Inc.
investor relations, Karen Breen, +1-303-397-8592, or Dan Campbell, +1-303-397-8634,
or public relations, Julie Lucas, +1-303-397-8555, all of TeleTech Holdings, Inc.