Exhibit 99.2
Contact:
Steven Pollema
eLoyalty Corporation
(847) 582 7100
ir@eloyalty.com
eLoyalty Announces Salary for Stock Program for Senior Employees
Lake Forest, IL, November 13, 2006 —eLoyalty Corporation(Nasdaq: ELOY), a leading enterprise Customer Relationship Management services and solutions company, today announced that it is implementing a program for all of its executives and Vice Presidents to exchange a portion of their cash salaries in exchange for grants of shares of the Company’s common stock.
Key elements of this program include:
| | • | | The program will begin December 1, 2006 and has been authorized through December 31, 2007. |
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| | • | | These reductions depend on the salary levels of the impacted executive or Vice President and will range from 10% to, in the case of the CEO, 25%. |
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| | • | | During 2007, subject to quarterly Compensation Committee approval, the Company will issue common stock at fair market value commensurate to these cash salary reductions. |
The Company estimates that the financial impact of this program will be approximately $150,000 in the fourth quarter and approximately $2,000,000 for all of 2007.
This initiative, along with the recently announced Rights Offering, is designed to enable the Company to aggressively invest to grow its CIPCC and Behavioral Analytics™ Service Lines.
About eLoyalty
eLoyalty is a leading management consulting, systems integration, and managed services company focused on optimizing customer interactions. With professionals throughout North America and an additional presence in Europe, eLoyalty offers a broad range of enterprise CRM services and solutions that include creating customer strategies; defining technical architectures; improving sales, service and marketing processes; and selecting, implementing, integrating, supporting and hosting best-of-breed CRM and analytics software applications. eLoyalty is focused on growing and developing its business through two primary Service Lines: Behavioral Analytics™ and Converged Internet Protocol Contact Center Solutions. For more information about eLoyalty, visit www.eloyalty.com or call 877-2ELOYAL.
