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COVANSYS SCHEDULES CONFERENCE CALL FOR MARCH 8, 2006 TO
DISCUSS FOURTH QUARTER AND FULL YEAR 2005 FINANCIAL RESULTS
FARMINGTON HILLS, Mich. (March 1,
2006) /PRNewswire-FirstCall/ – Covansys
Corporation (Nasdaq: CVNS), a global consulting and technology
services company, today announced that the company will host a
conference call on Wednesday, March 8, 2006 at 11:00 a.m. Eastern
Time to discuss its financial results for the fourth quarter and
full year ended December 31, 2005. Interested parties may access
the call by dialing 800-659-2056 or 617-614-2714 from outside North
America and entering the passcode 21073030. The call may also be
accessed via the Internet on the company's website, http://www.covansys.com
.
A replay of the call will be available beginning at approximately
1:00 p.m. on March 8, 2006 through midnight on March 22, 2006 by
dialing 888-286-8010 or 617-801-6888 and entering the passcode
36577256. The replay will also be available on the company's website,
http://www.covansys.com , for 90 days.
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 7,000 consultants
and 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(R). All three
are ISO 9001:2000 certified and assessed at Level 5 in PCMM(R),
and five global facilities are BS7799-2:2002 certified.
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 internal control weaknesses, impact of changes in estimates
on fixed price projects, variability of operating results, failure
to recruit, train and retain skilled IT professionals, exposure
to regulatory, political and general economic conditions in India
and Asia, short term nature and termination provisions of contracts,
competition in the IT services industry, economic conditions unique
to clients in specific industries, the success of the company to
negotiate contract renewals at comparable terms, decline in profitability
of European operations, public sector budget constraints, limited
protection of intellectual property rights, and risks related to
merger, acquisition and strategic investment strategy.
For More Information, Contact:
Investors:
James S. Trouba
(248) 848-2267
jtrouba@covansys.com
Media:
Michelle Jones,
(248) 848-2269
email: mjones@covansys.com
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