Expansion of Greeley, Colorado Operations
DENVER, Oct. 20 /PRNewswire/ -- StarTek, Inc. (NYSE: SRT) is pleased to announce the purchase of an 88,000 square foot office building in Greeley, Colorado to accommodate the rapid expansion of its E-commerce support operations and its telecommunications provisioning management business. The facility is a state of the art communications center fully wired with a 100 based-T network.
A. Emmet Stephenson, Jr., Chairman of StarTek, Inc. said, "StarTek, Inc. is pleased to be expanding once again in Greeley, Colorado. Our employees in the area are talented, hard working, and happy to be a part of a growing company like StarTek. Through their efforts, our business is growing significantly which necessitates new and higher technology facilities to accommodate the growth entrusted to us by our clients."
Company Profile
StarTek, Inc. based in Denver, Colorado, combines two of today's most outstanding business opportunities-ownership of a proprietary portfolio of world class brand Internet domain names and a position as a leading global provider of outsourced process management services. These positions represent the front end and back end of the new Internet connected world and StarTek fully expects to marry its proprietary web sites to our service offerings to establish a solid position in this new environment. Our integrated outsourced process management services include E-commerce support services, Internet support services, provisioning for complex telecommunications systems, selection and management of suppliers, management of product assembly and packaging, product order processing, inventory management, product distribution, order fulfillment, and high-end inbound technical support teleservices.
Forward Looking Statements
The matters regarding the future discussed in this news release include certain forward-looking statements that involve specific risks and uncertainties. In accordance with the Private Securities Litigation Reform Act of 1995, the following are important factors that could cause StarTek's actual results to differ materially from those expressed or implied by such forward-looking statements. These include, but are not limited to, general economic conditions in the company's markets, the loss of one or more of its principal clients, the loss or delayed implementation of a large project which could cause quarterly variation in StarTek's revenues and earnings, difficulties of managing rapid growth, dependence on key personnel, dependence on key industries and the trend toward outsourcing, risks associated with StarTek's contracts, risks associated with rapidly changing technology, risks of business interruption, risks associated with international operations and expansion, dependence on labor force, the year 2000 issue, and highly competitive markets. Readers are encouraged to review Management's Discussion and Analysis of Financial Condition and Results of Operations-Factors That May Affect Future Results appearing in the company's Form 10-K filed March 31, 1999.
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