Company Announces 5-Year Agreement to Provide Business Processing Services To
United Airlines
DALLAS, March 2 /PRNewswire-FirstCall/ -- SOURCECORP (Nasdaq: SRCP), a
leading provider of business processing solutions, has signed a five-year
contract with United Airlines to support the organization's Passenger Revenue
Accounting Division. Since the signing of the contract, SOURCECORP has fully
implemented and is currently in production with the system.
SOURCECORP developed a comprehensive, tailored solution for paper ticket
lift processing providing for mailroom processing, scanning, OCR and data
capture, and a hosted image retrieval solution utilizing its proprietary
FASTRIEVE(TM) platform.
"United Airlines chose SOURCECORP because of their flexibility in meeting
our requirements," said Dirk Locascio, United's Director, Passenger Revenue
Accounting.
"SOURCECORP has been successful in assisting commercial organizations like
United to service key aspects of their business processes," said Kerry
Walbridge, Group President of SOURCECORP's Business Process Solutions Unit.
Ed H. Bowman, Jr., President and Chief Executive Officer of SOURCECORP,
added, "As a leading provider of BPO services to the market, we provide United
with the opportunity to enhance operations and deliver bottom line
improvements. These are key values that industry leaders like United demand."
United, United Express and Ted operate more than 3,400 flights a day on a
route network that spans the globe. News releases and other information about
United can be found at the company's web site at http://www.united.com .
ABOUT SOURCECORP(R)
SOURCECORP, Incorporated provides business process outsourcing solutions
and specialized high value consulting services to clients throughout the
U.S. SOURCECORP focuses on business processes in information-intensive
industries including healthcare, legal, financial services, government and
transportation & logistics. Headquartered in Dallas, Texas the Company has
offices in 24 states and operates in approximately 40 states, Washington D.C.,
Mexico and both domestically and far offshore through alliances.
SOURCECORP is a component of both the S&P SmallCap 600 Index and the
Russell 2000 Index. The Company has been cited among the Top 100 Hot Growth
Companies by BusinessWeek magazine. SOURCECORP has also been recognized twice
by Forbes magazine as one of the 200 Best Small Companies, based on return
equity, sales growth, and EPS growth, and by FORTUNE magazine as one of
America's 100 Fastest Growing Public Companies. For more information
about SOURCECORP's solutions, including case-study examples, visit
the SOURCECORP website at http://www.srcp.com .
The statements in this press release, which are not historical fact, are
forward-looking statements that involve risks and uncertainties, which could
cause actual results to differ materially from such forward-looking
statements. These forward-looking statements include, but are not limited to,
any financial estimates and projections included in this press release and the
Company disclaims any intention or obligation to update or revise such
estimates or forecasts, except as required by law. The aforementioned risks
and uncertainties include, but are not limited to, the risks of integrating
our operating companies, of managing our growth, of the timing and magnitude
of technological advances, of the occurrences of future events that could
diminish our existing customers' needs for our services, of a change in the
degree to which companies continue to outsource business processes, of the
impact to margins resulting from a change in revenue mix as well as the risks
detailed in SOURCECORP's filings with the Securities and Exchange Commission,
including without limitation, those detailed under the heading "Risk Factors"
in the Company's most recent annual report on Form 10-K. SOURCECORP disclaims
any intention or obligation to revise any forward-looking statements,
including financial estimates, whether as a result of new information, future
events, or otherwise, except as required by law.
SOURCE SOURCECORP
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Related links: http://www.srcp.com http://www.united.com
Company News On-Call: http://www.prnewswire.com/comp/117986.html
CONTACT: Mary Leos, Director, Corporate Marketing & Communications of SOURCECORP, +1-214-740-6907
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