TriZetto Reconfirms Raised Guidance for 2007 and Announces Webcast of Full-Year 2007 Results Investor Conference Call
January 10 2008 - 7:30AM
Business Wire
The TriZetto Group, Inc. (NASDAQ:TZIX) today confirmed its raised
guidance for the fourth quarter and full-year 2007, which it issued
on October 30. �Raising guidance in October reflected our view of
the strong demand for TriZetto�s products and services,� added Bob
Barbieri, TriZetto�s chief financial officer. �This demand
continued in the fourth quarter and we remain confident in our
outlook for 2008.� TriZetto also announced that it will hold a
conference call to discuss its fourth quarter and full-year 2007
results on Monday, February 4, at 5:00 p.m. Eastern Time/2:00 p.m.
Pacific Time. Investors are invited to join a live webcast of the
call, which will be hosted by Chairman and CEO Jeff Margolis,
President and COO Kathleen Earley, and CFO Bob Barbieri. A press
release announcing the company�s results will be issued prior to
the call. Investors may access the webcast through TriZetto�s Web
site at www.trizetto.com, first by clicking on the Investors
button, then on the Company Information drop-down menu item, and
then on Audio Presentations. The conference call will be archived
and available through TriZetto�s Web site following the call. The
webcast will also be distributed over CCBN�s Investor Distribution
Network to both institutional and individual investors. Individual
investors can listen to the call through CCBN�s individual investor
center at www.earnings.com; Institutional investors can access the
call via CCBN�s password-protected event management site,
StreetEvents (www.streetevents.com). Important Notice Regarding
Forward-Looking Statements This press release contains
forward-looking statements that involve risks and uncertainties.
The forward-looking statements are made pursuant to the safe harbor
provisions of the Private Securities Litigation Reform Act of 1995.
These forward-looking statements may include statements about
future revenue, profits, cash flows and financial results, the
market for TriZetto's services, future service offerings, industry
trends, client and partner relationships, TriZetto's operational
capabilities, future financial structure, uses of cash, anticipated
dilution or accretion of acquisitions or proposed transactions.
Actual results may differ materially from those stated in any
forward-looking statements based on a number of factors, including
the ability of TriZetto to successfully integrate the businesses of
TriZetto and its acquisitions or partners; the contributions of
acquisitions to TriZetto�s operating results; the effectiveness of
TriZetto's implementation of its business plan, the market's
acceptance of TriZetto's new and existing products and services,
the timing of new bookings, risks associated with management of
growth, reliance on third parties to supply key components of
TriZetto's services, attraction and retention of employees,
variability of quarterly operating results, competitive factors,
other risks associated with acquisitions, changes in demand for
third party products or solutions which form the basis of
TriZetto's service and product offerings, financial stability of
TriZetto�s customers, the ability of TriZetto to meet its
contractual obligations to customers, including service level and
disaster recovery commitments, changes in government laws and
regulations; and risks associated with rapidly changing technology,
as well as the other risks identified in TriZetto's SEC filings,
including, but not limited to, its annual report on Form 10-K and
quarterly reports on Form 10-Q, copies of which may be obtained by
contacting TriZetto�s Investor Relations department at 949-719-2225
or at TriZetto�s web site at www.trizetto.com. All information in
this release is as of January 10, 2008. TriZetto undertakes no duty
to update any forward-looking statement to conform the statement to
actual results or changes in the company�s expectations.
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