Analysts International Announces New Business
MINNEAPOLIS--June 20, 2001--Company Growing Market Share Despite Challenging Business Environment;
Agreements with Lear Corporation, Ford Motor Company and
Microsoft Gold Certified Partner Program Membership Announced
Analysts International , a diversified business and information technology consulting and services firm announced that it has recently secured a significant number of new business agreements and alliances with major international companies. Financial terms and conditions of the agreements were not disclosed.
The agreements include the expansion and enhancement of a previous agreement with Lear Corporation, one of the world's largest automotive suppliers. Analysts International will provide outsourced IT call center support services under a newly executed three-year contract.
They include a renewed agreement with Ford Motor Company to provide outsourced application development and infrastructure services for Ford's global e-Business team. Under the terms of the agreement, Analysts will provide B2B application development, enhancements and maintenance of existing web applications, help desk services and network support for over 1,400 Ford web sites.
In addition, the Company announced that its Sequoia NET.com subsidiary has achieved entry into the Microsoft(R) Gold Certified Partner Program for Enterprise Systems and eCommerce solutions. Membership is awarded to independent companies that have proven their expertise through certification and customer references in one or more specialized areas when delivering Microsoft technologies and IT services to mid to large-market enterprise customers.
Michael LaVelle, president and chief operating officer of the Company, stated, "Our goal this year has been to successfully initiate and complete a Company-wide restructuring designed to reduce expenses and better align resources while continuing to win our share of new business. Despite the current market challenges we will emerge with greater market share and a substantially stronger franchise. Today's announcements demonstrate the success we have had in the new business areas and that we are well positioned for additional growth and profitability as the market improves in late 2001 and early next year. We look forward to being able to announce additional new business over the next week to ten days."
Despite general industry weakness in the IT services industry, the Company has continued to provide guidance that it expects to remain profitable.
About Analysts International
Headquartered in Minneapolis, Analysts International is a diversified IT services company with annual revenue of more than $550 million. In business for more than 35 years, the company has sales and customer support offices in the United States, Canada, and the United Kingdom. Lines of business include the Sequoia Services Group, which provides cost-efficient business solutions and network infrastructure services; Managed Services Group, which provides a comprehensive range of outsourced business functions; and IT Supplemental Resources, which provides high demand resources for supporting and extending a client's IT infrastructure. Recently ComputerWorld named the Company one of the best 100 places for IT professionals to work. For more information, visit the company Web site at http://www.analysts.com.
Statements contained herein, which are not historical facts, are forward-looking statements. Any forward-looking statements in this release are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Actual results may vary materially from those projected as a result of certain risks and uncertainties. Refer to discussions of certain of these risks and uncertainties in the company's Annual Reports, 10-Ks, 10-Qs and other Securities and Exchange Commission filings