DALLAS, May 26 /PRNewswire-FirstCall/ -- SOURCECORP, Inc. (Nasdaq: SRCP) a
leading provider of business process outsourcing solutions and specialized
high value consulting services announces the completion of its Statement on
Auditing Standards (SAS) 70 Type II Service Auditor's Report.
The audit was performed by McGladrey & Pullen, LLP and
covered SOURCECORP's security and general information technology operational
controls, technical infrastructure and other key areas of its business
operations in 6 of the Company's domestic locations.
SOURCECORP believes that it is one of the first Business Process
Outsourcing companies, with emphasis in the document management market, to
offer this level of assurance to its clients and prospects. Completing the
SAS 70 Type II audit recognizes the Company's commitment in assisting our
customers in meeting the requirements set forth in section 404 of the
Sarbanes-Oxley Act.
Steve Davis, CIO of SOURCECORP noted, "We are very pleased to have
achieved this industry standard benchmark in recognition of the business and
technology controls in place in our mailrooms, document imaging, data entry
and web repository operating environments. Customers can confidently
outsource these services to SOURCECORP knowing that they will be delivered
using well documented industry standard systems, processes and procedures and
in support of our commitment to building 'customers for life'."
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 commercial, financial, government, healthcare, and legal.
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. The Company has been cited among the Top 100 Hot Growth
Companies by BusinessWeek magazine (2001). SOURCECORP has also been
recognized twice by Forbes magazine as one of the 200 Best Small Companies
(1998, 1999), based on return equity, sales growth, and EPS growth, and by
FORTUNE magazine as one of America's 100 Fastest Growing Public Companies
(1999).
For more information about SOURCECORP's solutions, including case-study
examples, visit the SOURCECORP website at http://www.sourcecorp.com .
About McGladrey & Pullen
McGladrey & Pullen, LLP, a partner-owned CPA firm, provides audit and
attest services to midsized companies. It has 100 offices in the United
States. McGladrey & Pullen helps clients with global business needs through
its membership in RSM International (an affiliation of separate and
independent accounting and consulting firms).
McGladrey & Pullen, LLP and RSM McGladrey Inc., a business services
provider, have an alternative practice structure. Though separate and
independent legal entities, they work together to serve clients' business
needs. When considered together, the two companies rank as the fifth largest
provider of accounting, tax and business consulting in the United States
(source: Public Accounting Report).
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, projections, and estimates of future contract values
included in this press release. The aforementioned risks and uncertainties
include, without limitation, 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.sourcecorp.com
CONTACT:
Mary Leos, Director, Corporate Marketing &
Communications of SOURCECORP, +1-214-740-6907, or
maryleos@srcp.com
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