Answerthink CEO to Ring NASDAQ Opening Bell; Company Celebrates Acquisition of REL Consultancy, Continued Growth of The Hackett Group.

MIAMI -- Answerthink, Inc. (NASDAQ:ANSR) announced today that Answerthink Chairman and CEO Ted A. Fernandez will ring the bell to open the NASDAQ Stock Market on Friday, December 23, at 9:30 am, in celebration of the company's recent acquisition of REL and the continued growth of The Hackett Group, a business process advisory firm and an Answerthink company.

Answerthink is a strategic business and technology consulting firm that enables companies to achieve world-class business performance. The Hackett Group is a world leader in best practice research, benchmarking, and advisory services that empower executives to achieve world-class enterprise performance. Hackett offers analysis and insight backed by metrics derived from 3,300 benchmark studies over 13 years at nearly 2,000 of the world's leading companies, including 96 percent of the Dow Jones Industrials.

Answerthink recently announced the acquisition of REL, a global leader in generating cash improvements from working capital and enterprise operations. For more than 30 years, REL's expertise and detailed implementation approach has released over $25 billion in cash for clients, creating the financial resources to fund acquisitions, new product development, accelerate growth, and investment in strategic activities that yield competitive advantage. REL's offerings are now being integrated into the service portfolio of The Hackett Group.

"With this NASDAQ opening bell ceremony, we offer our heartfelt thanks and best wishes for a successful 2006 to Answerthink and Hackett associates, our clients, investors, and business partners," said Answerthink Chairman and CEO Ted A. Fernandez.

"We have many reasons to celebrate and offer thanks," said Mr. Fernandez. "We've seen the continuing growth of The Hackett Group, driven by our powerful value proposition - unique data-driven guidance that has proven its ability to help reduce cost, enhance strategic alignment, and improve efficiency and effectiveness. The acquisition of REL and the impending close of our fiscal year are also real causes for celebration. REL significantly expands the breadth and depth of our intellectual capital, and provides us with a robust ability to help clients improve their bottom line through working capital optimization. It also broadens our global focus, building on Hackett's success in Europe and opening up new markets for us in France, Italy, Spain, Singapore, and elsewhere. The acquisition will significantly contribute to our goal of reaching 500 clients and 1,000 members across Hackett's executive advisory programs."

Answerthink's participation in the NASDAQ market opening will take place at 9:30 am EST on Friday, December 23 at the NASDAQ MarketSite, 4 Times Square (43rd St. & Broadway), in New York City. A video feed of the ceremony will be available from 9:20 a.m. to 9:35 a.m. on uplink IA-5 C-band/transponder 14. The downlink frequency is 3980 horizontal; audio: 6.2/6.8. The feed can also be found on Waterfront fiber 1623.

The opening ceremony will also be Webcast live on the NASDAQ Web Site, at: http://www.nasdaq.com/reference/marketsite_about.stm. Note that this Webcam usually shows the NASDAQ Tower, but switches at about 9:20 am Eastern each day to show the NASDAQ opening bell ceremony, which begins at 9:30 am.

High resolution photos of the ceremony will be available following the ceremony at: http://www.nasdaq.com/reference/marketsite_events.stm.

This press release contains "forward looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995 and involve known and unknown risks, uncertainties and other factors that may cause Answerthink's actual results, performance or achievements to be materially different from the results, performance or achievements expressed or implied by the forward looking statements. Factors that impact such forward looking statements include, among others, the ability of the products, services, or practices mentioned in this release to deliver the desired effect, our ability to effectively integrate acquisitions into our operations, our ability to attract additional business, our ability to effectively market and sell our recently launched transformation advisory product offerings and other new services, the timing of projects and the potential for contract cancellations by our customers, changes in expectations regarding the information technology industry, our ability to attract and retain skilled employees, possible changes in collections of accounts receivable, risks of competition, price and margin trends, changes in general economic conditions and interest rates as well as other risks detailed in the Company's Annual Report on Form 10-K for the fiscal year ended December 31, 2004 filed with the Securities and Exchange Commission. We undertake no obligation to update or revise publicly any forward-looking statements, whether as a result of new information, future events or otherwise.