ENGLEWOOD, Colo.--(Business Wire)--
CSG Systems International, Inc. (NASDAQ:CSGS), a leading provider of customer
interaction management and billing solutions, today announced it agreed to a
one-year extension of its current contract with DISH Network ("DISH"), one of
the largest providers of satellite television in the U.S., through December 31,
2009. CSG`s current agreement with DISH was scheduled to expire December 31,
2008.
The terms of the one-year extension are consistent with the terms of the current
contract. Under the extension, CSG will continue to provide its unique
combination of solutions, services and expertise to support DISH`s entire
nationwide, residential satellite television customer base, and remains
committed to being a trusted and valued business partner to DISH in the future.
About CSG Systems
Headquartered in Englewood, Colorado, CSG Systems International, Inc.
(NASDAQ:CSGS) is a customer interaction management company that provides
software- and services-based solutions that help clients engage and transact
with their customers. With a 25-year heritage in providing customer management
and billing solutions to North American cable and direct broadcast satellite
companies, CSG has broadened its customer interaction management capabilities to
proudly serve this client base as well as new, highly competitive industries
including financial services, healthcare, utilities and more. Today, CSG's
solutions reach more than half of all U.S. households each month and manage over
$36 billion in transactions annually on its clients' behalf. For more
information, visit our website at www.csgsystems.com.
Forward-Looking Statements
This news release contains forward-looking statements as defined under the
Securities Act of 1933, as amended, that are based on assumptions about a number
of important factors and involve risks and uncertainties that could cause actual
results to differ materially from what appears in this news release. These
factors include, but are not limited to: 1) the concentration of approximately
two-thirds of CSG`s revenues with four clients; as a result, the loss of
business from any one of those clients could potentially have a material adverse
impact to CSG`s financial results; 2) continued market acceptance of CSG`s
Advanced Convergent Platform (ACP) and related products and services; 3) CSG's
ability to continuously develop and enhance products in a timely,
cost-effective, technically advanced and competitive manner; 4) CSG`s dependency
on the North American communications industry; as a result, key market factors
such as further industry consolidation, new market entrants that may not be
clients of CSG, economic conditions, and/or the financial status of CSG clients
may affect CSG`s ability to maintain and expand market share; 5) increasing
competition in our market from companies of greater size and with broader
presence in the communications sector, thus exerting greater influence over
client buying decisions; 6) CSG`s ability to successfully integrate and manage
acquired businesses, technology or assets to achieve the expected strategic,
operating and financial goals established for such acquisitions; 7) CSG`s
continued ability to protect its intellectual property rights; and 8) CSG`s
dependency on a variety of computing environments and communications networks,
thus subjecting CSG to the risks of extended interruptions, outages,
unauthorized access and corruption of data. This list is not exhaustive and
readers are encouraged to review the additional risks and important factors
described in CSG's reports on Forms 10-K and 10-Q and other filings made with
the SEC.
CSG Systems International
Kathleen Marvin, 303-804-4941 (Investor Relations)
kathleen_marvin@csgsystems.com
Copyright Business Wire 2009
