EXHIBIT 99.1
[TECHTEAM LETTERHEAD] NEWS RELEASE
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Nasdaq/NM - "TEAM"
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FOR IMMEDIATE RELEASE, Thursday, May 16, 2002
TECHTEAM ANNOUNCES MANAGEMENT APPOINTMENTS
DAVID W. MORGAN AS VICE PRESIDENT, CFO AND TREASURER
HEIDI K. HAGLE AS VICE PRESIDENT OF HUMAN RESOURCES
MAJ HOMA YOUN FAL AS VICE PRESIDENT OF TECHNOLOGY
SOUTHFIELD, MICHIGAN, May 16, 2002...TECHTEAM GLOBAL, INC., Nasdaq symbol
("TEAM"), a global provider of information technology and business process
outsourcing support services, announces that the TechTeam Board of Directors has
elected David W. Morgan as Vice President, Chief Financial Officer, and
Treasurer, Heidi K. Hagle as Vice President of Human Resources, and Maj Homa
youn fal as Vice President of Technology.
"We are pleased to announce the addition of David Morgan to our management team
and the promotion of Heidi Hagle and Maj Homa youn fal," said William F. Coyro,
Jr., the Company's President and Chief Executive Officer. "David's broad
financial experience and IT industry knowledge will be focused on achieving the
number one objective of TechTeam's management -- increasing shareholder value.
Both Heidi and Maj have been instrumental in positioning TechTeam as the best
value proposition in the Information Technology and Business Process Outsourcing
sector of the market."
Mr. Morgan comes to TechTeam from Entivity, Inc., a software company based in
Ann Arbor, Michigan, where he was Vice President, Chief Financial Officer,
Treasurer, and Secretary. Prior to Entivity, Inc., Mr. Morgan was employed as
Vice President, Treasurer, and Chief Financial Officer of Clover Technologies,
Inc., a $100 million international data and video systems integration company
and former subsidiary of SBC Communications, Inc. David has more than 20 years
of high-tech experience in the telecommunications and data networking industries
and has held a number of management positions with Ameritech Corporation. Mr.
Morgan replaces Jean Francois Delpy, who is no longer with TechTeam, as CFO and
Treasurer.
Ms. Hagle is being promoted to Vice President from the position of Director of
Human Resources that she has held since May 1999. In this capacity, she has been
responsible for the Human Resources function throughout TechTeam. Heidi joined
the Company in 1996, as a Senior Human Resources Generalist. Ms. Hagle has a
Bachelor of Arts from the University of Michigan.
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[TECHTEAM LETTERHEAD] NEWS RELEASE
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Mr. Homa youn fal is currently the Executive Director of Technology and has been
with the Company since May of 2001. Prior to coming to TechTeam, he was the
manager for Global IT Help Desk Managed Services at Ford Motor Company where he
worked for 11 years. Mr. Homa youn fal has a Bachelor of Science from Tehran
University and a Master of Science from Concordia University.
TECHTEAM GLOBAL, INC. is a global provider of information technology and
business process outsourcing services. The Company's ability to integrate
computer services into a flexible, total single point of contact solution is a
key element of its success. Partnerships with some of the world's
"best-in-class" corporations provide TechTeam with unparalleled experience and
expertise in providing the following IT support solutions: help desk/call center
services, technical staffing, systems integration, and training programs. For
information about TechTeam Global, Inc. and its outstanding services call
1-800-522-4451.
SAFE HARBOR STATEMENT
With the exception of statements regarding historical matters and statements
regarding the Company's current status, certain matters discussed herein are
forward-looking and involve substantial risks and uncertainties. Statements
concerning such forward-looking matters may be identified by the use of words
"anticipate," "believe," "estimate," "expect," "intend," "plan," and similar
expressions. Actual results, performance, or achievements could differ
materially from these forward-looking statements. Factors that could cause or
contribute to such material differences include impact of business with major
clients and competition and other factors as described in the Company's filings
with the United States Securities and Exchange Commission. The forward-looking
statements made by the Company in the press release are accurate as of this
date. The Company is under no obligation to update these forward-looking
statements.
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CONTACTS:
TECHTEAM GLOBAL, INC. TECHTEAM GLOBAL, INC. TECHTEAM GLOBAL, INC.
William F. Coyro, Jr. James M. Hoen Michael A. Sosin
President and Vice President, Sales General Counsel and
Chief Executive Officer (248) 357-2866 Secretary
(248) 357-2866 jhoen@techteam.com (248) 357-2866
wcoyro@techteam.com msosin@techteam.com