Star Tek's New Big Sale...

Filed in archive News on December 21, 2005

Here is a report By Business Wire about the comapny StarTek Inc. The company announced today that it has completed the sale of its Supply Chain management Services platform to Tennessee-based DPL Corporation Southeast (DPL) for $5.75 million. StarTek Inc. received approximately $4.7 million in cash after certain adjustments at closing in addition to a five-year, $740,000 note. As of the closing date, DPL assumed the management and operations of the Supply Chain Management Services platform in its entirety, including all related customer and vendor contracts as well as the management of all former StarTek employees who were dedicated to the Supply Chain Management Services platform.

"The Supply Chain Management Services platform was the foundation to StarTek's initial success and its sale to DPL further illustrates our continuing evolution in Business Process Management Services and our commitment to the ongoing quality of Supply Chain Management Services," said Steve Butler, President and CEO of StarTek. "This transaction will allow us to increase our focus on growing, developing and expanding our Business Process Management Services platform. The opportunity to transition the Supply Chain Management Services platform to DPL and develop a mutually beneficial business relationship should enhance our value to our clients and shareholders."