IMRglobal Announces Strategic Negotiations, Earnings Expectations and 2001 Guidance.

Publication: PR Newswire

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COPYRIGHT 2001 PR Newswire Association LLC

CLEARWATER, Fla., Jan. 31 /PRNewswire/ --

IMRglobal Corp. ("IMRglobal" or the "Company") (Nasdaq: IMRS), a leading global provider of end-to-end information technology solutions, announced today that it is engaged in several discussions regarding possible strategic alternatives. The Company also announced its earnings expectations for 2000 and the outlook for 2001.

Strategic Negotiations

IMRglobal announced today that its Board of Directors had authorized management to explore strategic alternatives for the Company. The Company further confirmed that it is engaged in several discussions regarding possible strategic alternatives.

Satish K. Sanan, President and CEO of IMRglobal, said, "Our primary objective in exploring strategic alternatives has been to find a partner that will further our ability to execute our strategic mission and successful business model. We are committed to find a strategic partner that will enable IMRglobal to strengthen its strong position in the IT global marketplace, increase...

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