SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 6-K
REPORT OF FOREIGN PRIVATE ISSUER
PURSUANT TO RULES 13a-16 OR 15d-16 OF
THE SECURITIES EXCHANGE ACT OF 1934
For the Month of March 2002
GENESYS S.A.
(Exact name of registrant as specified in its charter)
L'Acropole, 954-980 avenue Jean Mermoz, 34000 Montpellier, FRANCE
(Address of principal executive offices)
(Indicate by check mark whether the registrant files or will file
annual reports under cover Form 20-F or Form 40-F.)
Form 20-F X Form 40-F
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(Indicate by check mark whether the registrant by furnishing the
information contained in this Form is also thereby furnishing the
information to the Commission pursuant to Rule 12g3-2(b) under the
Securities Exchange Act of 1934.
Yes No X
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(If "Yes" is marked, indicate below the file number assigned to the
registrant in connection with Rule 12g3-2(b): 82-_______________.
Genesys Conferencing Logo
FOR IMMEDIATE RELEASE
Genesys Conferencing Executes First Phase
of North American Call Center Consolidation
Bedford Massachusetts Call Center Closed, Traffic re-routed to Reston, Virginia
Denver, Colorado and Montpellier, France - March 26, 2002 -- Genesys
Conferencing (Euronext: 3955) (Nasdaq: GNSY), the world's leading conferencing
specialist, announced today it has executed the first phase of its consolidation
plans for its North American call centers as announced earlier this year. The
company's Bedford, Massachusetts call center closed on March 20th, and all
traffic generated through that site has been re-routed to its Reston, Virginia
facility.
Genesys Conferencing announced on February 6, 2002 plans to consolidate its six
North American call centers into three multimedia "super centers," to provide
higher levels of customer service and improve operating efficiencies. In
addition to the closing of the Bedford center, call centers affected include
Montgomery, Alabama and Denver, Colorado.
Genesys Conferencing expects to record a pre-tax restructuring charge in
connection with the closing of three of its call centers of approximately
(euro)4.0 million (US$3.6 million) in the first quarter ending March 31, 2002.
The company estimates annual cost savings from this consolidation in the range
of (euro)3.5 million (US$3.1 million) to (euro)4.0 million (US$3.6 million)
starting in the third quarter of 2002.
"Our consolidation plan is actually ahead of schedule," said Margie Medalle,
President and COO Genesys Conferencing North America. "Our Reston Virginia
facility has successfully absorbed the increased call center volume, while
keeping the changes transparent to our clients. The continued growth of our
automated services was instrumental in our decision to consolidate our call
centers, which we believe will create substantial cost benefits and operational
synergies across our company."
About Genesys Conferencing
Founded in 1986, Genesys Conferencing is a global communications specialist,
providing practical and innovative real-time collaborative and managed event
services to over 17,000 clients worldwide. Working in a rapidly growing market
and enjoying unique worldwide coverage as a result of its geographic expansion
policy, Genesys Conferencing has established its advanced technology in 18
countries throughout Europe, Asia Pacific and the United States. Genesys
Conferencing's ordinary shares are listed on the Nouveau Marche in Paris
(Euronext: 3955) and its ADSs are listed on the Nasdaq National Stock Market
(Nasdaq: GNSY).
Forward-Looking Statements
This release contains statements that constitute forward-looking statements
within the meaning of the U.S. Private Securities Litigation Reform Act of 1995.
Forward-looking statements are statements other than historical information or
statements of current condition. These statements appear in a number of places
in this release and include statements concerning the parties' intent, belief or
current expectations regarding future events and trends affecting the parties'
financial condition or results of operations. Forward-looking statements are not
guarantees of future performance and involve risks and uncertainties, and actual
results may differ materially from those in the forward-looking statements as a
result of various factors. Some of these factors are described in the form F4
registration statement which was filed by Genesys with the Securities and
Exchange Commission on February 12, 2001. Although management of the parties
believe that their expectations reflected in the forward looking statements are
reasonable based on information currently available to them, they cannot assure
you that the expectations will prove to have been correct. Accordingly, you
should not place undue reliance on these forward-looking statements. In any
event, these statements speak only as of the date of this release. Except to the
extent required by law, the parties undertake no obligation to revise or update
any of them to reflect events or circumstances after the date of this release,
or to reflect new information or the occurrence of unanticipated events.
Euronext: 3955 - Nasdaq: GNSY - Reuters: GNSY LP - Bloomberg: GENE LP
www.genesys.com
Michael E. Savage Paul Joyal
Chief Financial Officer Press Relations
Direct Line: +33 4 99 13 27 34 1-781-761-6231
mike.savage@genesys.com paul.joyal@genesys.com
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934,
the registrant has duly caused this report to be signed on its behalf by the
undersigned, thereunto duly authorized.
Dated: March 26, 2002
GENESYS SA
By: /s/ Pierre Schwich
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Name: Pierre Schwich
Title: Executive Vice President,
Audit, Financial Planning and
Investor Relations