Business Wire – Mon Jun 02 05:00:00 CDT 2008
Harvey A. Wagner Joins StarTek Board of Directors
DENVER (BUSINESS WIRE) --
StarTek, Inc. (NYSE:SRT) continues its rapid growth trajectory in 2008 and has added an experienced leader to its board of directors. Harvey A. Wagner joined the business process outsourcing company bringing vast knowledge in a variety of high-technology and service-oriented businesses.
Wagner is currently President, CEO and Director of Caregiver Services, Inc. a privately owned in-home assisted living firm located in Miami, Florida. He previously served as president, CEO and board member of Quovadx, a publicly traded global software and services company. Prior to joining Quovadx, Wagner served as executive vice president and chief financial officer of Mirant Corporation, an independent energy company. Wagner also served as executive vice president and chief financial officer at OptioSoftware, Inc., Scientific-Atlanta, Inc. and Premiere Technologies. He is currently a director of FormFactor, Inc. and Cree, Inc.
"Harvey's broad financial and operational experience will be invaluable in helping guide StarTek during this exciting growth period," said StarTek Chairman Ed Zschau.
The addition of Wagner brings the number of StarTek directors to five. Wagner will serve as chairman of StarTek's audit committee and will also serve on the compensation and governance committees.
"Harvey's extensive business skills bring a new and valued perspective as we embark on critical growth strategies, including international expansion," said Larry Jones, StarTek president and CEO. "I am thrilled that Harvey has joined the StarTek team."
About StarTek - When it really matters, communications companies look to StarTek (NYSE:SRT), a leading provider of high value business process outsourcing services. Since 1987, StarTek has partnered with their clients to solve strategic business challenges, improve customer retention, increase revenue and reduce costs through an improved customer experience. Known for creating the highest customer service for clients and their customers, StarTek services include customer care, sales support, complex order processing, accounts receivable management, technical support and other industry-specific processes. Headquartered in Denver, Colo., StarTek operates 21 facilities in North America. For more information, visit www.StarTek.com or call 800.541.1130.
The matters regarding the future discussed in this news release include forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995. Such statements are subject to a number of risks and uncertainties.
The following are important risks and uncertainties relating to StarTek's business that could cause StarTek's actual results to differ materially from those expressed or implied by any such forward-looking statements. These factors include, but are not limited to, risks relating to our revenue from our principal clients, concentration of our client base in the communications industry, consolidation in the communications industry, trend of communications companies to out-source non-core services, management turnover, dependence on and requirement to recruit qualified employees, labor costs, need to retain key management personnel and to add specialized sales personnel, considerable pricing pressure, capacity utilization of our facilities, collection of note receivable from sale of Supply Chain Management Services platform, inability to utilize current capital loss carry-forwards, defense and outcome of pending class action lawsuit, lack of success of our clients' products or services, risks related to our contracts, decreases in numbers of vendors used by clients or potential clients, inability to effectively manage growth, risks associated with advanced technologies, highly competitive markets, foreign exchange risks and other risks relating to conducting business in Canada, lack of a significant international presence, potentially significant influence on corporate actions by our largest stockholder, volatility of our stock price, geopolitical military conditions, interruption to our business, increasing costs of or interruptions in telephone and data services, compliance with SEC rules, risks in renewing or replacing capital funding, fluctuations in the value of our investment securities portfolio, and variability of quarterly operating results. Readers are encouraged to review Management's Discussion and Analysis of Financial Condition and Results of Operations - Risk Factors and all other disclosures appearing in the Company's Form 10-K for the year ended December 31, 2007, and subsequent filings with the Securities and Exchange Commission.
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