SOURCECORP(R) Appoints JANA Partners Designee Marc Weisman to Its Board of Directors

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SOURCECORP(R) Appoints JANA Partners Designee Marc Weisman to Its Board of Directors
    DALLAS, Aug. 3 /PRNewswire-FirstCall/ -- SOURCECORP, Inc. (Nasdaq: SRCP),
a leading provider of business process outsourcing solutions and specialized
high value consulting services, announced today that its Board of Directors
has appointed Marc Weisman, a JANA Partners LLC ("JANA") designee, to the
Board effective yesterday. JANA currently holds approximately 13% of the
Company's outstanding shares.
    In connection with Mr. Weisman's appointment to the Board of
Directors, SOURCECORP has entered into a confidentiality agreement with JANA.
    Ed H. Bowman, Jr., President and Chief Executive Officer, and Thomas C.
Walker, Chairman and Chief Development Officer, expressed the sentiments of
the full Board in saying, "We are very pleased to add Marc Weisman to our
Board of Directors. We are confident that Marc will add value to our already
strong Board and will work constructively with the Board on behalf of all
shareholders."
    "We look forward to our designee working with the Board to deliver value
for the Company's shareholders," said JANA Managing Partner Barry Rosenstein.
    Mr. Weisman has served in the legal and investment communities for over
25 years. In 1996, he co-founded Sagaponack Partners and is a principal of the
private equity investment firm. Previously, Mr. Weisman was a Director in the
principal transactions group at Credit Suisse First Boston. Prior, Mr. Weisman
was the CFO and head of investments at The Adco Group, a diversified real
estate and financial services company for approximately seven years. Before
that, he was CFO of Oppenheimer & Co., Inc. and a partner at Weil, Gotshal
& Manges, a national law firm. Mr. Weisman currently serves on the Board of
Directors of Ustman Industries, Majesco Entertainment, and Artesyn
Technologies.

    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 .

    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
http://www.sourcecorp.com
CONTACT:
Barry Edwards, EVP & Chief Financial Officer,
+1-214-740-6690, or Chuck Gilbert, SVP, Secretary & General
Counsel, +1-214-740-6598, both of SOURCECORP