SRT StarTek Inc

StarTek, Inc. (NYSE:SRT), a leading provider of business process outsourcing services, has unveiled plans to open a new customer care facility in Petersburg, Va. Scheduled to be operational in mid-January 2006, StarTek's newest facility will employ over 500 people when fully staffed. The company has two other Va.-based call centers in Collinsville and Lynchburg. StarTek's new customer care facility will be located in the Pinehill Plaza at 3333 Crater Road in Petersburg and will occupy nearly 40,000 square feet of the building. During the 90 days between now and the start of operations, StarTek will finalize the hiring process and ensure the center is ready to begin taking calls on or before January 15. Once open, the center will operate 24 hours per day, seven days per week to fully serve StarTek's customer needs. "We couldn't be happier with our decision to locate a third facility in Virginia. It is a testament to the great business support the state gives to businesses with expansion needs like ours," said Steve Butler, CEO of StarTek. "The city of Petersburg has also been a constant source of support and cooperation." Butler also expressed special thanks to Governor Mark Warner, Virginia Economic Development Council Director Michael MacNeilly, Virginia Gateway Region Director Renee Wyatt, and Petersburg Economic Development Council Director Vandy Jones for making this business transaction a successful one. About StarTek StarTek, Inc. is a leading provider of business process outsourced services, which consist of business process management and supply chain management services. StarTek provides services from 17 operating facilities, including four in Colorado, five in Canada, two in Virginia and one each in Illinois, Louisiana, Oklahoma, Tennessee, Texas and Wyoming. The Company's primary clients are in the telecommunications industry, and it also serves clients in the computer software and hardware, consumer products, cable TV, entertainment, internet, and e-commerce industries. Please visit the Company's website at www.startek.com. Forward-Looking Statements The matters regarding the future discussed in this news release include forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995. Such statements are subject to a number of risks and uncertainties. The following are important risks and uncertainties relating to StarTek's business that could cause StarTek's actual results to differ materially from those expressed or implied by any such forward-looking statements. These include, but are not limited to, loss of its principal clients, concentration of its client base in a few select industries, highly competitive markets, risks related to its contracts, decreases in numbers of vendors used by clients or potential clients, lack of success of StarTek's clients' products or services, considerable pricing pressure, risks relating to fluctuations in the value of StarTek's investment securities portfolio, risks associated with advanced technologies, inability to grow its business, inability to effectively manage growth, dependence on qualified employees and key management personnel, potential future declines in revenue, lack of a significant international presence, and risks relating to conducting business in Canada. Readers are encouraged to review Management's Discussion and Analysis of Financial Condition and Results of Operations - Risk Factors and all other disclosures appearing in the Company's Form 10-K for the year ended December 31, 2004, and subsequent filings with the Securities and Exchange Commission.