Computer Horizons Announces Customer Relationship Management Project Win.MOUNTAIN LAKES, N.J.--(BUSINESS WIRE)--May 27, 1999-- Computer Horizons Corp. (Nasdaq: CHRZ) today announced that it has been awarded a three-to-five million dollar, multi-year contract by a major international financial institution for the implementation of a Customer Relationship Management (CRM (Customer Relationship Management) An integrated information system that is used to plan, schedule and control the presales and postsales activities in an organization. ) project. This project will be executed in partnership with IBM (International Business Machines Corporation, Armonk, NY, www.ibm.com) The world's largest computer company. IBM's product lines include the S/390 mainframes (zSeries), AS/400 midrange business systems (iSeries), RS/6000 workstations and servers (pSeries), Intel-based servers (xSeries) . The new system is designed to give this financial institution enhanced information views of its customers' holdings, transaction histories, profitability measures and other external information. In addition, the CRM system will provide seamless communication between the institution's marketing and sales departments to more efficiently acquire, maximize and retain valuable customer relationships. Dennis Dennis is a male first name derived from the Greco-Roman name Dionysius meaning "servant of Dionysus", the Thracian god of wine, which is ultimately derived from the Greek Dios (Διος, "of Zeus") combined with Nysos or Nysa (Νυσα), where the Allan, Division Executive of Computer Horizons' CRM Division commented, "Currently, this client has limited customer relationship views in several markets and various disconnects between their marketing actions and sales. Through our expertise in the CRM area, we are developing a seamless, value-added IT solution that will enhance their overall customer support and retention process and improve internal and external communication with their customers." John Cassese, Chairman and President of Computer Horizons added, "We are very pleased that this financial institution chose to partner with us on this project, as we believe this award advocates the strength of our CRM and integrated large-scale project management capabilities. We believe that as our customer group further recognizes the competitive advantages gained through the utilization of enterprise-wide intelligence and data to leverage their customer relationships, there will be increasing demand for this high-value offering of our Emerging Practices unit." Computer Horizons Corp. is a strategic IT services supplier with over 4,000 billable consultants and 55 offices worldwide. The Company enables its Global 1000 customer base to realize competitive advantages through enterprise application solutions, e-business, customized Web development and Web enablement of strategic application portfolios. Specific offerings include Customer Relationship Management (CRM), e-business, network services, ERP (Enterprise Resource Planning) An integrated information system that serves all departments within an enterprise. Evolving out of the manufacturing industry, ERP implies the use of packaged software rather than proprietary software written by or for one customer. , strategic outsourcing (1) Contracting with outside consultants, software houses or service bureaus to perform systems analysis, programming and datacenter operations. Contrast with insourcing. See netsourcing, ASP, SSP and facilities management. and managed resourcing, as well as a best-of-breed selection of software and relational database relational database Database in which all data are represented in tabular form. The description of a particular entity is provided by the set of its attribute values, stored as one row or record of the table, called a tuple. products. For more information on Computer Horizons, please visit our Web site at http://www.computerhorizons.com. This press release includes certain "forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. " for purposes of the "safe harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. " provisions of the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995 that involves risks and uncertainties that could cause actual results to differ materially. Such statements are based upon, among other things, assumptions made by, and information currently available to, management, including management's own knowledge and assessment of Computer Horizons' industry and competition. |
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