Business Services Industry
The A Consulting Team Included in VARBusiness 500 for the Third Consecutive Year
Business Wire, June 30, 2004
NEW YORK -- The A Consulting Team, Inc. - TACT (Nasdaq SmallCap: TACX), an end-to-end IT and e-Service provider to Fortune 1000 companies, announced today that it has been selected to the VARBusiness 500 list of the 500 largest solutions providers in North America for the third consecutive year (http://www.varbusiness.com/sections/main/2004vb500.jhtml). VARBusiness is the leading magazine covering strategy and technology trends of IT solutions and the digital economy with a circulation of 107,500. The magazine noted that solution's providers running successful business models were "very focused and very disciplined on what they do". TACT's refocus on its core technology optimization solutions several years ago, enabled the Company to turn profitable, delivering net earnings eight out of the last ten quarters.
"I'm pleased that TACT has continued its association with such a distinguished group of leaders from our industry. Considering the extremely tough economic environment over the past three years, TACT has succeeded as many other IT services firms have seen their positions erode," said Shmuel BenTov, TACT's CEO and President. " Over 20 years of continued high quality service has helped us through these difficult times and positioned us for growth in 2004 and beyond. Our "customer for life" approach to business which yields long term relationships with our clients is a strong testimony to the value of our services."
About TACT's SMART Approach
TACT's Smart Approach is a leading edge set of end-to-end solutions and services that include Strategy, Methodology, Architecture, Resources and Tools. The Strategy is developed together with the client to ensure that the client's goals and objectives are met. The Methodology is a Tried and True TACT Methodology that is followed in order to implement the Strategy. The solutions and services are built on a robust Architecture, Utilize highly qualified TACT Resources and Exploits best-of-breed Tools.
About TACT
TACT (Nasdaq: TACX) is an end-to-end IT Services and e-Services provider to Fortune 1000 companies and other large organizations. TACT through its SMART Approach, a leading edge set of end-to-end solutions and services that include Strategy, Methodology, Architecture, Resources and Tools provides its clients with modernization services, which include systems that should be replaced and rewritten, enhanced, converted or Web Enabled. More information about TACT(R) can be found at its web site at http://www.tact.com
"Safe Harbor" Statements under the Private Securities Litigation Reform Act of 1995: Statements made in this press release which are not historical facts, including those that refer to TACT plans, beliefs and intentions, are "forward-looking statements" that involve risks and uncertainties. These risks and uncertainties could cause actual results to differ materially from the forward-looking statements, and include, but are not limited to, TACT's ability to scale its existing and any new businesses. For a more complete description of the risks that apply to TACT's business, please refer to the Company's filings with the Securities and Exchange Commission. The Company's actual results may differ materially from the results anticipated in these forward-looking statements as a result of certain factors set forth under Risk Factors and elsewhere in the Company's Annual Report on Form 10-K with the Securities and Exchange Commission on March 29, 2004.
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