TechTeam Capital Group Awarded $10 Million Contract from Chrysler
21 October 1998
TechTeam Capital Group Awarded $10 Million Contract from ChryslerDEARBORN, Mich., Oct. 21 -- National TechTeam, Inc., today announced their wholly owned subsidiary TechTeam Capital Group has been awarded a $10 million Chrysler Corporation lease contract for the replacement of MTX coax controllers, display stations and printers in the United States. The recently completed contract provides over 7,000 pieces of MTX equipment to all Chrysler U.S. locations, including assembly plants, parts plants and distribution centers. Primary applications include monitoring, compiling and printing data critical to auto production and inventory control processes. David M. Sachs, President of TechTeam Capital Group, stated, "Since 1983, TechTeam Capital Group has been the premier coax equipment lessor for Chrysler and has won five Gold Pentastar Awards from this valuable, long term customer. The quality of our service is a very important element of our success in this project." In the award letter, Chrysler buyer Alonzo Higgins remarked, "We have enjoyed a mutually beneficial relationship with TechTeam Capital Group and look forward to participating in the cooperative success of this project." National TechTeam, Inc. is a leading provider of information technology outsourcing support services to large national and multi-national corporations, government agencies and service organizations. The Company offers its services through three global units: (i) Corporate Services, which provides corporations with help desk support, technical staffing, systems integration, and instructor-led and computer-based training; (ii) OEM Call Center Services, which provides end user customers of its clients with inbound telephone support for their computer products; and (iii) TechTeam Capital Group, which consists primarily of leasing computer-related hardware and integrated services to corporate customers. National TechTeam is traded under the symbol "TEAM". The foregoing contains forward-looking statements. The matters expressed in such statements are subject to numerous uncertainties and risks including but not limited to general economic conditions in the markets in which TechTeam operates, fluctuation in demand for computer related services and products, and current expectations of TechTeam or its management. Should one or more of those uncertainties or risks materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described as forward-looking statements. TechTeam does not intend to update those forward-looking statements.