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COVANSYS SCHEDULES CONFERENCE CALL
FOR OCTOBER 26, 2006 TO DISCUSS THIRD QUARTER 2006 FINANCIAL RESULTS
FARMINGTON HILLS, Mich., Oct.
19, 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 Thursday, October 26, 2006 at 10:00 a.m. Eastern Time to discuss
its financial results for the third quarter ended September 30,
2006. Interested parties may access the call by dialing 800-798-2864
or 617-614-6206 from outside North America and entering the passcode
57442953. 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 October
26, 2006 through midnight on November 9, 2006 by dialing 888-
286-8010 or 617-801-6888 and entering the passcode 61944280.
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 global delivery capability to achieve rapid
deployment, world-class quality and reduced costs. Covansys is
known for strategic outsourcing and technology solutions in the
healthcare, financial services, retail and distribution, manufacturing,
telecommunications and high-tech industries. Founded in 1985, Covansys
now has approximately 8,000 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®. All three are ISO
9001:2000 certified and assessed at Level 5 in PCMM®, and five
global facilities are BS7799-2:2002 certified. For more information
visit: http://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.
Contacts:
Investors:
James S. Trouba
(248) 848-2267
jtrouba@covansys.com
Media:
Dorothy Chisholm
(248) 848-2283
dchisholm@covansys.com
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