Dallas, March 2, 2004 - SOURCECORP (NASDAQ: SRCP), a leading provider of business processing solutions, has signed a five-year contract with United Airlines to support the organization's Passenger Revenue Accounting Division. Since the signing of the contract, SOURCECORP has fully implemented and is currently in production with the system.
"SOURCECORP developed a comprehensive, tailored solution for paper ticket lift processing providing for mailroom processing, scanning, OCR and data capture, and a hosted image retrieval solution utilizing its proprietary FASTRIEVETM platform."
"United Airlines chose SOURCECORP because of their flexibility in meeting our requirements," said Dirk Locascio, United's Director, Passenger Revenue Accounting.
"SOURCECORP has been successful in assisting commercial organizations like United to service key aspects of their business processes," said Kerry Walbridge, Group President of SOURCECORP's Business Process Solutions Unit.
Ed H. Bowman, Jr., President and Chief Executive Officer of SOURCECORP, added, "As a leading provider of BPO services to the market, we provide United with the opportunity to enhance operations and deliver bottom line improvements. These are key values that industry leaders like United demand."
United, United Express and Ted operate more than 3,400 flights a day on a route network that spans the globe. News releases and other information about United can be found at the company's web site at www.united.com.
About SOURCECORP
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 healthcare, legal, financial services, government and transportation & logistics. Headquartered in Dallas, Texas the Company has offices in 24 states and operates in approximately 40 states, Washington D.C., Mexico and both domestically and far offshore through alliances.
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. SOURCECORP has also been recognized twice by Forbes magazine as one of the 200 Best Small Companies, based on return equity, sales growth, and EPS growth, and by FORTUNE magazine as one of America's 100 Fastest Growing Public Companies. For more information about SOURCECORP's solutions, including case-study examples, visit the SOURCECORP website at www.srcp.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 and projections included in this press release and the Company disclaims any intention or obligation to update or revise such estimates or forecasts, except as required by law. The aforementioned risks and uncertainties include, but are not limited to, the risks of integrating our operating companies, of managing our growth, of the timing and magnitude of technological advances, of the occurrences of future events that could diminish our existing customers' needs for our services, of a change in the degree to which companies continue to 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.
Contacts:
SOURCECORP: Mary Leos, Director, Corporate Marketing & Communications: 214.740.6907