SOURCE: eLoyalty Corporation

June 07, 2005 16:15 ET

eLoyalty Board Approves Cash Dividend for Series B Preferred Stock

LAKE FOREST, IL -- (MARKET WIRE) -- June 7, 2005 -- The Board of Directors of eLoyalty Corporation, a leading management consulting, systems integration, and managed services company (NASDAQ: ELOY), declared a cash dividend of $0.1785 per share on its 7% Series B convertible preferred stock (Series B stock), payable on July 1, 2005, to record shareholders as of the close of business on June 15, 2005. This dividend represents the regular semi-annual dividend for the period from January 1, 2005, through June 30, 2005. The aggregate amount of this dividend payment will be approximately $737,000.

About eLoyalty

eLoyalty is a leading management consulting, systems integration, and managed services company focused on optimizing customer interactions. With professionals in offices throughout North America and Europe, eLoyalty's broad range of enterprise Customer Relationship Management (CRM) related services and solutions include creating customer strategies; defining technical architectures; selecting, implementing and integrating best-of-breed CRM software applications; and providing ongoing support for multivendor systems. The combination of eLoyalty's methodologies and technical expertise enables eLoyalty to deliver the tangible economic benefits of customer loyalty for its Global 2000 and government clients. For more information about eLoyalty, visit www.eloyalty.com or call 877-2ELOYAL.

ASSUMPTIONS UNDERLYING FORWARD-LOOKING STATEMENTS AND FACTORS THAT MAY AFFECT FUTURE RESULTS

Statements in this press release that do not involve strictly historical or factual matters are forward-looking statements within the meaning of the "safe harbor" provisions of the federal securities laws. Forward-looking statements are based on current management expectations, forecasts and assumptions. These forward-looking statements are subject to risks and uncertainties that could cause actual events or results to differ materially from those expressed or implied by the forward-looking statements and speak only as of the date of this release. Among the factors that could cause actual results to differ are the ability of eLoyalty to maintain its pricing and utilization rates and control its costs, the sustainability of the economic recovery in the U.S. and other markets in which we operate, recruitment and retention of personnel, possible termination of projects by major clients, variations in the timing, initiation or completion of client assignments, absence of long-term contracts with clients, growth management, project risks, and technological advances. For further information about these and other risks, see eLoyalty's recent SEC filings, including, without limitation, its most recent annual report on Form 10-K and quarterly reports on Form 10-Q, as well as those identified under "Risk Factors" in the Registration Statement on Form S-3 filed on September 24, 2002.

Contact Information

  • Contact:
    Steven C. Pollema
    eLoyalty Corporation
    (847) 582-7100
    ir@eloyalty.com