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COVANSYS SCHEDULES CONFERENCE CALL FOR MARCH 16, 2005 TO DISCUSS
FOURTH QUARTER AND FULL YEAR 2004 FINANCIAL RESULTS
FARMINGTON HILLS, Mich., March 11, 2005 -- Covansys Corporation
(NASDAQ: CVNS), a global consulting and technology services
company, today announced that the company will host a conference
call on Wednesday, March 16, 2005 at 10:00 a.m. Eastern Time
to discuss its financial results for the fourth quarter and
full year ended December 31, 2004. Interested parties may
access the call by dialing 877-407-6180, or 201-689-8050 from
outside North America. The call may also be accessed via the
Internet on the company's website, www.covansys.com.
A replay of the call will be available beginning at approximately
1:00 p.m. Eastern Time on March 16th through midnight on March
30, 2005 by dialing 877-660-6853 or 201-612-7415 and referencing
account number 286 and conference ID 143462. The replay will
also be available on the company's website, www.covansys.com,
for 90 days.
For more information on the earnings call click
www.covansys.com.
About Covansys
Headquartered in Michigan, Covansys Corporation (Nasdaq: CVNS)
is a global consulting and technology services company specializing
in industry-specific solutions, strategic outsourcing and integration
services. Clients gain competitive advantage by leveraging our
unique on-site, offsite, offshore delivery capability to achieve
rapid deployment, world-class quality and reduced costs. A leader
in the public sector market, Covansys is also known for application
maintenance and development outsourcing in the healthcare, financial
services, retail and distribution, manufacturing, telecommunications
and high-tech industries. Founded in 1985, with nearly 6000 employees
worldwide, Covansys was one of the first U.S.-based IT services
companies to establish offshore facilities in India, and is a pioneer
in seamlessly integrating offshore capabilities into its offerings.
Two of the company's three wholly owned development centers in
India are assessed at Level 5 in SEI CMM®. All three are ISO
9001:2000 certified and assessed at Level 5 in PCMM®. Covansys
was named one of the leading IT companies for state and local governments
in 2002 and 2003 by Washington Technology magazine, and one of
the top 500 solution providers in 2002 and 2003 by VARBusiness
magazine. Visit our web site: www.covansys.com.
Safe Harbor Statement
With the exception of statements regarding historical matters
and statements concerning our current status, certain matters discussed
herein are forward-looking statements that involve substantial
risks and uncertainties. Such forward-looking statements may be
identified by the words "anticipate,'' "believe,'' "estimate,'' "expect''
or "intend'' and similar expressions. Our actual results,
performance or achievements could differ materially from these
forward-looking statements.
Factors that could cause or contribute to such material differences
include actions by governmental or regulatory agencies, general
economic conditions and conditions in the IT industry such as potential
cost overruns on fixed price contracts, competition in the IT services
industry, the demand for IT services, public sector government
budgetary constraints, effective application of the percentage
of completion method of accounting for fixed priced contracts,
risks related to merger, acquisition and strategic investment strategy,
variability of operating results, government regulation of Immigration,
exposure to regulatory, political and economic conditions in India
and Asia, the short-term nature and termination provisions of contracts,
economic conditions unique to clients in specific industries and
limited protection of intellectual property rights.
FOR FURTHER INFORMATION:
Investors:
James S. Trouba
(248) 848-2267
jtrouba@covansys.com
Media:
Michelle Jones
(248) 848-2269
mjones@covansys.com
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