Technology Solutions Company Announces Sale of Business Unit

Tue Jan 6, 2009 4:30pm EST

* Reuters is not responsible for the content in this press release.

CHICAGO--(Business Wire)--
Technology Solutions Company (NASDAQ: TSCC) announced today it has closed on the
sale, effective December 31, 2008, of its Customer Value Creation ("CVC")
practice - the remaining non-healthcare focused portion of its business - to
Illinois-based Valkre Solutions, Inc. for $0.4 million. In addition, the Company
announced it will implement a series of additional cost reduction efforts in an
effort to better align costs with demand. 

About Technology Solutions Company

Technology Solutions Company (TSC) is a software and services firm providing
business solutions. TSC serves the healthcare industry through tailored business
solutions. For more information, please visit 


This press release contains or may contain certain forward-looking statements
concerning TSC`s financial position, results of operations, cash flows, business
strategy, budgets, projected costs and plans and objectives of management for
future operations as well as other statements including words such as
"anticipate," "believe," "plan," "estimate," "expect," "intend," and other
similar expressions. These forward-looking statements involve significant risks
and uncertainties. Although TSC believes that the expectations reflected in such
forward-looking statements are based on reasonable assumptions, readers are
cautioned that no assurance can be given that such expectations will prove
correct and that actual results and developments may differ materially from
those conveyed in such forward-looking statements. TSC claims the protection of
the safe harbor for forward-looking statements contained in the Private
Securities Litigation Reform Act of 1995 for all forward-looking statements.
Important factors that could cause actual results to differ materially from the
expectations reflected in the forward-looking statements in this press release
include, among others, TSC's ability to manage decreased revenue levels; TSC's
need to attract new business and increase revenues; TSC's declining cash
position; TSC's ability to manage costs and headcount relative to expected
revenues; TSC's ability to successfully introduce new product and service
offerings; TSC's ability to successfully introduce its new Exogen business
subsidiary; TSC's dependence on a limited number of clients for a large portion
of its revenue;the potential loss of significant clients; TSC's ability to
attract new clients and sell additional work to existing clients; TSC's ability
to attract and retain employees;the rapidly changing nature of information
technology services, including TSC's ability to keep pace with technological and
market changes and its ability to refine and add to existing service
offerings;the lack of shareholder approved stock options available for grants by
TSC to retain existing employees; and changing business, economic or market
conditions and changes in competitive and other factors, all as more fully
described herein and in TSC's filings with the Securities and Exchange
Commission, press releases and other communications. Forward-looking statements
are not guarantees of performance. Such forward-looking statements speak only as
of the date on which they are made and, except as may be otherwise required by
law, TSC does not undertake any obligation to update any forward-looking
statement to reflect events or circumstances after the date of this press
release. If TSC does update or correct one or more forward-looking statements,
investors and others should not conclude that TSC will make additional updates
or corrections with respect thereto or with respect to other forward-looking
statements. Actual results may vary materially.

Technology Solutions Company
Timothy Rogers, 312-228-4500
Chief Financial Officer

Copyright Business Wire 2009

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