ENGLEWOOD, CO, May 07, 2008 (MARKET WIRE via COMTEX News Network) -- TeleTech Holdings, Inc. (NASDAQ: TTEC), one of the largest and most
geographically diverse global providers of business process
outsourcing (BPO) solutions, today announced that it will release
first quarter 2008 business highlights before the market opens on
Wednesday, May 14, 2008, when a summary press release will be issued.
A conference call and webcast with management will also be held on
Wednesday, May 14, 2008, at 8:30 a.m. Eastern time.
While TeleTech has made significant progress in completing the
restatements of its historical financial statements, it does not
expect to file its Form 10-Q for the first quarter ended March 31,
2008 on a timely basis.
NASDAQ LISTING STATUS UPDATE -- DUE MAY 30, 2008
As previously disclosed on March 11, 2008 in a Current Report on Form
8-K and press release, the NASDAQ Listing Qualifications Hearings
Panel (the "Hearings Panel") granted the Company's request for
continued listing on the NASDAQ Global Select Market, subject to,
among other things, the Company becoming current in its filing of
periodic reports by May 12, 2008. Subsequently, the NASDAQ Listing
and Hearing Review Council (the "Listing Council"):
(1) determined to call the matter for review;
(2) stayed the Hearings Panel's decision requiring the filing of all
required periodic reports by May 12, 2008; and
(3) requested that the Company provide an update on its efforts to
file the delayed periodic reports by May 30, 2008.
The Company plans to comply with the Listing Council's request by
providing an update regarding its efforts to file the delayed periodic
reports by no later than May 30, 2008.
CONFERENCE CALL
You are invited to join a live webcast of the first quarter 2008
business highlights conference call by visiting the "Investors"
section of the TeleTech website at www.TeleTech.com. If you are
unable to participate during the live webcast, a replay will be
available on the TeleTech website through Wednesday, May 28, 2008.
ABOUT TELETECH
TeleTech is one of the largest and most geographically diverse global
providers of business process outsourcing solutions. We have a
26-year history of designing, implementing, and managing critical
business processes for Global 1000 companies to help them improve
their customers' experience, expand their strategic capabilities, and
increase their operating efficiencies. By delivering a high-quality
customer experience through the effective integration of
customer-facing front-office processes with internal back-office
processes, we enable our clients to better serve, grow, and retain
their customer base. We use Six Sigma-based quality methods
continually to design, implement, and enhance the business processes
we deliver to our clients and we also apply this methodology to our
own internal operations. We have developed deep domain expertise and
support approximately 300 business process outsourcing programs
serving 100 global clients in the automotive, communications,
financial services, government, healthcare, retail, technology and
travel and leisure industries. Our integrated global solutions are
provided by 53,000 employees utilizing 38,400 workstations across 89
delivery centers in 18 countries.
Investor Contact:
Karen Breen
303-397-8592
Media Contact:
Paul Kranhold
415-618-8750
Email Contact
