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BPO Management Services Signs Multi-Year Outsourcing Contract With Forrest T. Jones & Company

December 2, 2008

Significant Outsourcing Agreement Augments BPOMS’ Strength in the Financial and Insurance Sector

ANAHEIM, Calif., Dec. 2 /PRNewswire-FirstCall/ — BPO Management Services, Inc., “BPOMS” (OTC Bulletin Board: BPOM), a leading full-service business process outsourcing company focused on serving middle-market enterprises, today announced that it has recently signed a multi-year agreement to provide information technology outsourcing services to Forrest T. Jones & Company, Inc. (FTJ), an insurance agency and administrator. BPOMS will host and manage FTJ’s IT Infrastructure environment, including monitoring, support and maintenance of all related network components and devices from BPOMS full-service, 24/7/365 support center located in Pearl River, NY. BPOMS will also provide dedicated Disaster Recovery services from its high-availability recovery center in Branchburg, NJ.

“We are pleased to add FTJ, a well established middle-market company to our ITO client roster and believe this win validates the accelerating demand for our solutions and expertise during these challenging economic periods,” commented Patrick Dolan, Chief Executive Officer of BPO Management Services. “We were successful in winning this project because we proposed a customized ITO solution and demonstrated our flexibility in providing the critical infrastructure and core business processes required by this customer.”

Mr. Dolan further commented, “FTJ’s selection reflects BPOMS’ growing presence as a leader in the middle market, for those companies — particularly those in the Financial Services and Insurance industries — which require a world-class, North American-based high-performance infrastructure. BPOMS’ ITO services offerings focus on exceptional service level performance, while our operational efficiencies allow clients to achieve significantly lower cost and improved flexibility. The cost-sensitive economic environment makes these capabilities increasingly attractive for middle-market enterprises.”

About BPO Management Services, Inc.

BPO Management Services (BPOMS) is a business process outsourcing (BPO) service provider that offers a diversified range of on-demand services, including human resources, information technology, and enterprise content management solutions to support the back-office business functions of middle-market enterprises on an outsourced basis. BPOMS supports middle-market businesses new to the BPO market, established businesses that already outsource, and businesses seeking to maximize return-on-investment from their in-house workforce. For more information, please visit http://www.bpoms.com.

Forward Looking Statements

Certain statements in this press release that are not historical facts are “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements may be identified by the use of words such as “anticipate,” “believe,” “expect,” “future,” “may,” “will,” “would,” “should,” “plan,” “projected,” “intend,” and similar expressions. Such forward-looking statements, involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of BPO Management Services, Inc. (the “Company”) to be materially different from those expressed or implied by such forward-looking statements. The Company’s future operating results are dependent upon many factors, including but not limited to: (i) the Company’s ability to obtain sufficient capital or a strategic business arrangement to fund its current operational or expansion plans; (ii) the Company’s ability to build and maintain the management and human resources and infrastructure necessary to support the anticipated growth of its business; (iii) competitive factors and developments beyond the Company’s control; and (iv) other risk factors discussed in the Company’s periodic filings with the Securities and Exchange Commission, which are available for review at http://www.sec.gov under “Search for Company Filings.”

    PR/Media Relations Contact:
    Richard Stern
    Stern & Co.
    richstern@sternco.com
    Tel: 212-888-0044

    IR Contact:
    Hayden Communications
    Brett Maas, 646-536-7331
    brett@haydenir.com

    Company Contact:
    BPO Management Services, Inc.
    Patrick Dolan, Chairman & CEO
    patrick.dolan@bpoms.com

SOURCE BPO Management Services, Inc.


Source: newswire