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To: GARY P GROBBEL who wrote (17004)	1/16/2004 12:27:13 PM
From: ACAN	Respond to of 120415

Gary; AGIS from their website nov 19/03 We are pleased with our comparative revenue growth quarter over quarter and year over year. The fact that this growth has been primarily generated through the strengthening of existing client relationships is a testimony to the high level of execution and quality of service we provide our clients. This trend is especially gratifying given the natural uncertainty that followed the announcement four months ago of a proposed merger. In spite of this uncertainty, our associates focused on improving performance and continuing the positive growth and margin trends. Had it not been for the disappointing adjustment on one of our pay for performance campaigns and the costs and distractions of completing a transaction, we would have posted even more favorable results in the quarter," stated Herman Schwarz, the Company's President and Chief Executive Officer. "As has been recently announced, we have completed a transaction in which both Deutsche Bank and Essar Global Limited have invested in our company," continued Schwarz. "Gaining access to the resources of these two significant organizations will allow us to pursue new business opportunities and technology investments that were not previously available to us. We are moving forward with plans to open proprietary offshore capacity in the next sixty days. With this transaction, our organization is reenergized and focused on differentiating Aegis through utilization of our data analytics capability and delivery of high valued client service." May have to do with 60 day time frame to open proprietary offshore capacity Allan