Answerthink Shareholders Approve Name Change To ''The Hackett Group, Inc.''
December 21 2007 - 4:30PM
Business Wire
Answerthink, Inc. (NASDAQ:ANSR) announced today that at its Special
Meeting of Shareholders held earlier in the day, its shareholders
approved an amendment to its Articles of Incorporation officially
changing the name of the Company to �The Hackett Group, Inc.� �We
believe that by placing more of our businesses under The Hackett
Group umbrella we can take full advantage of the global market
permission associated with the brand,� said Ted A. Fernandez,
Chairman and Chief Executive Officer. The name change will take
effect on January 1, 2008. The Company�s common stock will begin
trading under the symbol �HCKT� on the NASDAQ Global Market on
January 31, 2008. Company executives are scheduled to participate
in the Opening Bell Ceremony at the NASDAQ Stock Market on that
date. About Answerthink Answerthink, Inc. (www.answerthink.com) is
a leading business and technology consulting firm that enables
companies to achieve world-class business performance. By
leveraging the comprehensive database of The Hackett Group,
Answerthink's business and technology solutions help clients
significantly improve performance and maximize returns on
technology investments. Answerthink's capabilities include
benchmarking, business transformation, business applications,
business intelligence, and offshore application development and
support. Founded in 1997, Answerthink has offices throughout the
United States and in Europe and India. This press release contains
�forward-looking statements� within the meaning of the Private
Securities Litigation Reform Act of 1995 and involve known and
unknown risks, uncertainties and other factors that may cause
Answerthink's actual results, performance or achievments to be
materially different from the results, performance or achievements
expressed or implied by the forward-looking statements. Factors
that impact such forward-looking statements include, among others,
the ultimate amount of our unrealized investment loss, the ability
of Bank of America to liquidate the Fund, the ultimate per share
value of the Fund, the timing and amount of the proceeds
distributed to us from the Fund, the availability of other cash and
cash equivalents to meet our liquidity and operating needs our
ability to generate sufficient cash flow to meet cash balance
estimates, the ability of the products, services, or practices
mentioned in this release to deliver the desired effect, our
ability to effectively integrate acquisitions into our operations,
our ability to attract additional business, our ability to
effectively market and sell our product offerings and other
services, the timing of projects and the potential for contract
cancellations by our customers, changes in expectations regarding
the information technology industry, our ability to attract and
retain skilled employees, possible changes in collections of
accounts receivable, risks of competition, price and margin trends,
foreign currency fluctuations, changes in general economic
conditions and interest rates as well as other risks detailed in
the Company's Annual Report on Form 10-K for the fiscal year ended
December 29, 2006 filed with the Securities and Exchange
Commission. We undertake no obligation to update or revise publicly
any forward-looking statements, whether as a result of new
information, future events or otherwise, except as required by law.
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