Resolve Business Outsourcing Income Fund
TSX : RBO.UN

Resolve Business Outsourcing Income Fund

November 27, 2007 16:10 ET

Resolve Named a Top Financial Technology Leader in 2007 FinTech 100

TORONTO, ONTARIO--(Marketwire - Nov. 27, 2007) - Resolve Business Outsourcing Income Fund (TSX:RBO.UN) -

Attention Business and Financial Editors:

Resolve Corporation, a Canadian business leader in business process outsourcing, announced today that it has been named one of the top 100 technology vendors in the FinTech 100, an annual international listing of the foremost technology companies that serve the financial services industry.

"Resolve's FinTech ranking illustrates that top financial institutions are increasingly adopting outsourced business processing solutions from innovative partners to help improve the efficiency of their business," said Lawrence Zimmering, President and CEO of Resolve. "Our presence on the FinTech 100 confirms that the demand for our integrated solutions is increasing, and we expect that demand to continue, which will help Resolve move forward strongly through 2008 and beyond."

Across the financial services industry, Resolve's business process outsourcing (BPO) solutions are used by retail banks, credit unions, insurers, and automotive finance companies to more effectively acquire, service, and grow their customer base. Resolve's financial services industry solutions include credit card and loan servicing, registration and search services, insurance administration, and contact centre solutions. Nearly all major Canadian banks, a majority of large automotive financing organizations, and a growing number of insurers trust Resolve to manage their critical business processes.

Compiled by American Banker and Financial Insights, an IDC company, the FinTech 100 categorizes and evaluates the top global hardware, software and service providers to the financial services industry based on calendar year revenues and the percentage of revenue attributed to financial services. For more information about the rankings, visit http://www.americanbanker.com/article.html?id=20071108566UAS26.

About Resolve

Resolve works with businesses as an outsourced resource taking on critical processes and managing them better, faster and more cost-effectively. We have over 35 years experience managing processes for Fortune 500 clients in the financial services, retail, government, consumer goods and communications industries. Headquartered in Toronto, Canada, Resolve employs more than 4,500 people in 29 locations and is listed on the Toronto Stock Exchange as Resolve Business Outsourcing Income Fund, symbol RBO.UN. For more information, visit www.resolve.com.

CAUTIONARY STATEMENT ON FORWARD-LOOKING INFORMATION

This press release may include certain statements that constitute forward-looking information within the meaning of applicable securities laws ("forward-looking statements"). Such forward-looking information may involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of Resolve, or industry results, to be materially different from any future results, performance, achievements or opportunities expressed or implied by such forward-looking information. This forward-looking information includes estimates, forecasts and statements as to management's and others' expectations with respect to, among other things, growth strategies and the outlook for Resolve and the business process outsourcing industry and may use words such as ''may'', ''will'', ''estimate'', ''expect'', ''anticipate'', ''believe'', ''intend'', ''plan'', ''could'', "continue" and other similar terminology. This information reflects current expectations regarding future events and operating performance and speaks only as of the date of this press release. Forward-looking information involves significant risks and uncertainties and should not be read as a guarantee of future performance or results and will not necessarily be an accurate indication of whether or not such results will be achieved. A number of factors could cause actual results to differ materially from the results discussed in the forward-looking information, including, but not limited to, loss of key customer contracts or reduction of services purchased by key customers, foreign exchange rates, increases in costs to Resolve that cannot be passed on to customers, disputes with key customers, competition, the ability of Resolve to manage operations and execute growth strategies, stability of internal and government information systems and technology, technological changes, the ability to maintain software licenses, changes in privacy laws, and risks inherent in bidding on government contracts. These risk factors are discussed in greater detail under ''Risks'' on page 14 of Resolve's MD&A for the period ended December 31, 2006, which is available on SEDAR at www.sedar.com. Although the forward-looking information contained in this press release is based upon what management believes are reasonable assumptions, Resolve cannot assure that actual results will be consistent with this forward-looking information. This forward-looking information is made as of the date of this press release, and Resolve assumes no obligation to update or revise it to reflect new events or circumstances.

Contact Information

  • Resolve Corporation
    Investor Inquiries:
    Jamie Hyde
    Vice President & Chief Financial Officer
    (905) 306-2196
    or
    Resolve Corporation
    Media Inquiries:
    John Nevins
    Director, Corporate Communications
    (905) 306-2642
    Website: www.resolve.com