Answerthink Announces Second Quarter Results

Business Wire, July 31, 2007

Private Equity Acquisition Support - REL has begun working on a large acquisition-related project to improve the target company's cash flow with a focus on inventories, payables and receivables. The project also includes a detailed review of the organization's cash flow forecasting and reporting processes.

Transformational Benchmarking for Petroleum Services Company - This company selected Hackett to perform global benchmarks and develop strategic transformation plans for Finance and Human Resources. New executive leadership is planning to use the results of Hackett's work to identify, quantify, and prioritize performance improvement and cost reduction opportunities across operations in over 90 countries.

G&A Transformation Effort for Healthcare Products Company - This company contracted with The Hackett Group for the first phase of a transformation program involving the General & Administrative functions of its European operations. The goal of the effort is to reduce costs, improve service quality and address restructuring of the company's global operations.

At 5:00 P.M. ET on Tuesday, July 31, 2007, the senior management of Answerthink, Inc. will host a conference call to discuss second quarter earnings results for the period ending June 29, 2007.

The number for the conference call is (800) 779-0375, [Passcode: Second Quarter, Leader: Ted A. Fernandez]. For International callers, please dial (210) 234-8000.

Please dial in at least 5-10 minutes prior to start time. If you are unable to participate on the conference call, a rebroadcast will be available beginning at 8:00 P.M. ET on Tuesday, July 31, 2007 and will run through 5:00 P.M. ET on Tuesday, August 14, 2007. To access the rebroadcast, please dial (800) 944-8789. For International callers, please dial (402) 220-3521.

In addition, Answerthink will also be webcasting this conference call live through the StreetEvents.com service. To participate, simply visit http://www.answerthink.com approximately 10 minutes prior to the start of the call and click on the conference call link provided. An online replay of the call will be available after 8:00 P.M. ET on Tuesday, July 31, 2007 and will run through 5:00 P.M. ET on Tuesday, August 14, 2007. To access the call, visit http://www.answerthink.com or http://www.streetevents.com.

About Answerthink

Answerthink, Inc. (www.answerthink.com) is a leading business and technology consulting firm that enables companies to achieve world-class business performance. By leveraging the comprehensive database of The Hackett Group, Answerthink's business and technology solutions help clients significantly improve performance and maximize returns on technology investments. Answerthink's capabilities include benchmarking, business transformation, business applications, business intelligence, and offshore application development and support. Founded in 1997, Answerthink has offices throughout the United States and in Europe and India.

About The Hackett Group

The Hackett Group, a global strategic advisory firm, is a leader in best practice research and advisory programs, benchmarking and transformation consulting services, including shared services, offshoring and outsourcing advice. Utilizing best practices and implementation insight from more than 4,000 benchmarking studies, executives use Hackett's empirically based approach to quickly define and prioritize initiatives, and to leverage proven strategies that enable world-class performance. Through its sister company REL, Hackett offers working capital solutions focused on delivering significant cash flow improvements. Hackett has worked with 2,700 major corporations and government agencies, including 88% of the Dow Jones Global Titans and 73% of the Fortune 100. For more information, visit www.thehackettgroup.com.