The A Consulting Team, Inc. ('TACT') (Nasdaq Capital Market: TACX), an IT and Business Process Outsourcing (BPO) services provider to Fortune 1000 companies, today announced that it has been engaged by a leading provider of clinical research technology and services to the pharmaceutical, biotechnology and medical device industries to implement an offshore dedicated center ("ODC"). This is a follow-on engagement that began in October 2005 with TACT providing IT development services that included the development of centralized reporting and quality assurance centers. The pharmaceutical, biotechnology and medical device industries had taken a "wait and see" attitude toward offshore services, but lately have been demonstrating a growing interest in outsourcing centers in India. This growing interest has been inspired by increasing pressures from capital markets, pricing regulations, weakening pipelines and patent expirations. "We are delighted at the opportunity to extend our outsourcing capabilities in India to support this client's needs. Our expertise in this area should serve to build a 'customer for life' relationship with this client in years to come," commented Shmuel BenTov, TACT's Chairman and CEO. "Outsourcing to these industries is already a very large market and we expect to see significant expansion over the next few years." Sanjeev Welling, Director of TACT Global Services, added, "TACT has built a service offering for the life science sector, which is very timely considering the growth in demand for offshore dedicated centers. As more clients include ODC in their strategic plans, we expect that they will recognize the incremental advantages of outsourcing beyond just the cost saving benefits." Mr. Welling concluded, "We appreciate our client's engagement and look at it as an acknowledgement of TACT's commitment to offering cost-effective business solutions and services backed by an expertise in business-focused technology." About TACT TACT (Nasdaq Capital Market: TACX) has built a reputation for cutting-edge IT Solutions that is exemplified by its impressive roster of Fortune 1000 customers. TACT focuses on a business-oriented, value-added approach to its end-to-end IT Services and Business Process Outsourcing solutions. For over 20 years, TACT has enabled significant ROI gains in Business Intelligence, Custom Application Development, Strategic Sourcing, Support and Maintenance, Data Supply Chain, Collaboration, Quality Assurance, Project Portfolio Management, and other specific vertical solutions. TACT has offices in New York City, Clark, New Jersey, and Bangalore, India. More information about TACT(R) can be found at its web site at http://www.tact.com "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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