DALLAS, Oct. 5 /PRNewswire-FirstCall/ -- SOURCECORP, Inc. (Nasdaq: SRCP) a
leading provider of business process outsourcing solutions and specialized
high value consulting services today announced that it is exploring a range of
strategic alternatives, including a potential sale of the Company, to enhance
shareholder value. The Company said that there can be no assurances that any
particular alternative will be pursued or that any transaction will occur, or
on what terms. The Company has retained the investment banking firm Lehman
Brothers as its financial advisor to assist in this effort. The review
process is expected to take several months. The Company also stated that it
does not expect to disclose developments with respect to the exploration of
strategic alternatives unless and until its Board of Directors has approved a
definitive course of action or transaction.
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,
statements about plans to explore strategic alternatives, any financial
estimates, projections, and estimates of future contract values included in
this press release and any anticipated future activities. The aforementioned
risks and uncertainties include, without limitation, our ability to
successfully implement our plans, our ability to find alternatives acceptable
to us, 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:
Barry Edwards of SOURCECORP, +1-214-740-6500
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