DALLAS, March 7 /PRNewswire-FirstCall/ -- SOURCECORP, Incorporated
(Nasdaq: SRCPE) today announced that it has concluded its internal
investigation first announced October 27, 2004 that focused on the financial
results of one of the Company's operating subsidiaries in the Information
Management Division of the Company's Information Management and Distribution
reportable segment.
As previously announced, the Company is working towards restating certain
prior period financial statements based on the results of such investigation.
The Company is also continuing to fully cooperate with the SEC's formal
investigation process, which is still ongoing.
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, the Company serves
clients throughout the United States through a network of locations in the
U.S., Mexico and India. SOURCECORP is a component of both the S&P SmallCap
600 Index and the Russell 2000 Index.
For more information about SOURCECORP's solutions visit the SOURCECORP
website at http://www.srcp.com . The statements in this press release that
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, the statements relating to the anticipated impact of
adjustments to our restated financial statements and our ongoing
investigation, any financial estimates, projections, and estimates of future
contract values included in this press release. The aforementioned risks and
uncertainties include, without limitation, the uncertainty of completing our
investigation in a timely manner and the actual costs and results of such
investigation, the effect of our investigation and financial statement
restatement on the trading price of our stock, the risks of integrating our
operating companies, of the timing and magnitude of technological advances, of
the occurrences of a diminution in our existing customers' needs for our
services, of a change in the amount companies 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
CONTACT:
Barry Edwards, EVP & Chief Financial Officer
of SOURCECORP, +1-214-740-6690
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