The A Consulting Team Terminates Agreements
05 August 2005 - 7:49AM
Business Wire
The A Consulting Team ('TACT') (Nasdaq SmallCap: TACX), an IT and
Business Process Outsourcing (BPO) services provider to Fortune
1000 companies, terminated the Share Exchange Agreement with
Vanguard Info-Solutions Corporation and its stockholders and the
Stock Purchase Agreement with Oak Finance Investments Limited,
pursuant to the terms of each agreement. These agreements are
described in TACT's proxy statement, as revised and supplemented.
"Safe Harbor" Statements under the Private Securities Litigation
Reform Act of 1995: Statements made in this press release which are
not historical facts, including those that refer to TACT plans,
beliefs and intentions, are "forward-looking statements" that
involve risks and uncertainties. These risks and uncertainties
could cause actual results to differ materially from the
forward-looking statements, and include, but are not limited to,
TACT's ability to scale its existing and any new businesses. For a
more complete description of the risks that apply to TACT's
business, please refer to the Company's filings with the Securities
and Exchange Commission. The Company's actual results may differ
materially from the results anticipated in these forward-looking
statements as a result of certain factors set forth under Risk
Factors and elsewhere in the Company's Annual Report on Form 10-K
with the Securities and Exchange Commission on March 25, 2005.
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