Technology Solutions Company Receives Favorable Ruling From the IRS

Business Wire, Jan 28, 2000

Business Editors

CHICAGO--(BUSINESS WIRE)--Jan. 28, 2000

Technology Solutions Company (TSC) (Nasdaq: TSCC) today announced it has received a favorable ruling from the Internal Revenue Service that the proposed spin-off of its eLoyalty division will be a tax free distribution. TSC expects to complete the spin-off by mid-February, pending compliance with regulatory requirements.

Following the spin-off, eLoyalty will be a separate, publicly traded electronic customer relationship management business. eLoyalty's stock will be listed on the Nasdaq Stock Market's National Market under the symbol &uot;ELOY.&uot; Credit Suisse First Boston is acting as eLoyalty's lead financial advisor in the spin-off transaction.

About eLoyalty

eLoyalty is a global business/management consulting and systems integration organization focused exclusively on building customer loyalty. eLoyalty delivers the proven proficiencies, technologies and business practices that span the full spectrum of a company's operations including the Internet, call centers, marketing channels, sales force optimization, customer service, and field service and logistics. eLoyalty was named the 1999 Solutions Integrator of the Year by Solutions Integrator Magazine as part of their SI Impact Awards. eLoyalty has offices throughout North America, Europe and Australia, and nearly 700 employees.

About Technology Solutions Company

Technology Solutions Company (TSC) is a leading eBusiness consulting and systems integration firm. The company is a full-service solutions provider that offers a unique blend of technology, operations, and business expertise, helping global organizations realize the full benefits of information technology throughout the enterprise. TSC's services span the entire lifecycle - from strategy definition and planning through implementation and extended support. TSC has specialized expertise in helping organizations assess the ability of their current systems to meet the changing and often increasing demands of business in the electronic marketplace. TSC is a recognized leader in eBusiness Solutions, Supply Chain Management, eLearning, and Packaged Software Implementation. The company has headquarters in Chicago with offices throughout the U.S., Latin America, and Europe. For more information about TSC, visit the company's Web site at www.techsol.com.