Commenting on Coracall’s entry in the South African market, Phil Lightfoot, Chief Executive Officer said, “Last year as we planned further expansion of our footprint globally I was pleasantly surprised to learn of the emergence of South Africa as an outsourcing and off shoring destination. I believe this has happened for a number of reasons – strong government support and backing through the Accelerated and Shared Growth Initiative in the form of subsidies and grants, a favourable time zone – particularly for European customers, cost competitiveness, infrastructure, and of course, access to 350,000 talented graduates each year. When you consider all of these advantages, it made tremendous sense for us to build and establish a presence here.”
Coracall is a UK headquartered, full service business process outsourcing company specializing in best in class voice, non-voice, and back office support to global organizations. The Company is currently investing in technology, tools, and automation to create value added solutions to its customers.
The Company plans to further expand its footprint and customer base through 2012.
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"Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995: This press release contains forward looking statements (within the meaning of Section 27a of the Securities Act of 1933 and Section 21e of the Securities Exchange Act of 1934) regarding our business, financial condition, results of operations and prospects. Forward-looking statements in this report reflect the good faith judgment of our management and the statements are based on facts and factors as we currently know them. Forward-looking statements are subject to risks and uncertainties and actual results and outcomes may differ materially from the results and outcomes discussed in the forward-looking statements. Actual results could differ materially from those projected in the forward-looking statements, as a result of either the matters set forth or incorporated in this report generally or certain economic and business factors, some of which may be beyond the control of Coracall. These factors include adverse economic conditions, entry of new and stronger competitors, inadequate capital to support operations and projections of revenues and profitability. Readers are urged not to place undue reliance on these forward-looking statements which speak only as of the date of this press release. We undertake no obligation to revise or update any forward-looking statements in order to reflect any event or circumstance that may arise after the date of the press release.