ATC Technology Corporation Announces Renewal of Contract for Services With AT&T


DOWNERS GROVE, Ill., April 26, 2010 (GLOBE NEWSWIRE) -- ATC Technology Corporation (ATC) (Nasdaq:ATAC), today announced that its subsidiary, ATC Logistics & Electronics, has renewed its contract with AT&T covering all services currently provided to AT&T. These include forward, reverse, test and repair, and kitting and packaging services.  The contract extends through December 31, 2013. No other terms of the renewal were disclosed.

In commenting on the renewal Todd R. Peters, President and CEO said, "I am very pleased to announce that AT&T has agreed to renew all of our services for them through 2013.  AT&T has been a valued customer since 1996, and throughout the years we have been privileged to serve them in both their wireless, and more recently, wireline businesses.  The extension of our relationship with AT&T was made possible by consistently delivering the highest levels of service and quality.  I couldn't be prouder of the performance of our people who work to deliver services to AT&T.  We look forward to continuing to support AT&T's market-leading innovations."

Tim Harden, President Supply Chain and Fleet Operations for AT&T said, "ATC Logistics & Electronics and AT&T have had a long-term relationship.  Its focus on service, quality and its flexibility are important in responding to our dynamic and demanding needs. ATC Logistics & Electronics will play a significant role in the execution and future success of AT&T's evolving supply chain initiatives." 

ATC Technology Corporation is headquartered in Downers Grove, Illinois. The Company provides comprehensive engineered solutions for logistics and refurbishment services to the consumer electronics industries and the light, medium- and heavy-duty vehicle service parts markets.

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Certain statements in this news release are "forward-looking statements" (as defined in Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934). These forward-looking statements generally include all statements other than statements of historical fact, including statements that are predictive, that depend upon or refer to future events or conditions, or that include words such as "expects," "anticipates," "intends," "plans," "believes," "estimates," "hopes," and similar expressions. In addition, any statements concerning future financial performance or position (including future revenues, expenses, earnings, growth rates or margins), ongoing business strategies, budgets or prospects, and possible future actions are also forward-looking statements. The forward-looking statements contained in this news release are based on information available to our management as of the date of this news release, and reflect management's judgments, beliefs and assumptions as of the date of this news release with respect to future events, the outcome of which is subject to risks and uncertainties that could have a significant impact on our business, operating results or financial condition in the future. Should one or more of these risks or uncertainties materialize, or should underlying information, judgments, beliefs or assumptions prove incorrect, actual results or outcomes could differ materially from those expressed or implied by the forward-looking statements in this news release. Some of these risks and uncertainties are described in our periodic filings with the Securities and Exchange Commission. We disclaim any intention or obligation to update the forward-looking statements contained in this news release.


            

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