LOS ANGELES, June 30 /PRNewswire-FirstCall/ -- PeopleSupport, Inc. , a business process outsourcing (BPO) provider that offers customer management, transcription and captioning, accounts receivable management and additional BPO services, announced today that it has filed a Form S-3 shelf registration statement with the Securities and Exchange Commission (SEC). The shelf registration statement allows PeopleSupport to issue from time to time an aggregate of up to $100 million of its securities, including common stock, preferred stock, warrants and debt securities. The terms of any offering under the shelf registration statement will be established at the time of the offering. No current offering is contemplated. PeopleSupport may use the shelf in the future to raise funds for capital expenditures, acquisitions or other corporate purposes, as further described in a prospectus or prospectus supplement filed at the time of an offering.
The S-3 registration statement has been filed with SEC but has not yet become effective. Securities may not be sold under the registration statement, nor may offers to buy be accepted, prior to the time it becomes effective. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of securities in any state in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state.
About PeopleSupport
PeopleSupport, Inc. , is a leading business process outsourcing (BPO) provider that offers customer management, transcription and captioning, accounts receivable management and additional BPO services from its centers in the Philippines, Costa Rica and United States. PeopleSupport's services are designed to reduce costs, improve performance and increase revenues by delivering high quality, value-added, multilingual voice and text services. A majority of PeopleSupport's services are performed in the Philippines, where PeopleSupport is one of the largest outsourcing companies, employing college-educated, fluent English speaking Philippine personnel. Headquartered in Los Angeles, California, and with more than 6,000 employees worldwide, PeopleSupport serves clients in a variety of industries, such as travel and hospitality, technology, telecommunications, retail, financial services, insurance, law enforcement, entertainment, education and medical. For more information, visit http://www.peoplesupport.com/.
PeopleSupport Contact:
Peter Hargittay
Investor Relations and Corporate Marketing
T: 310.824.6182
F: 310.824.6299
Certain statements in this press release, such as those related to potential securities offerings and the use of funds raised for acquisitions or other purposes, are forward looking and only express potential activities of the company as of the date the statements are made. Forward looking statements, and the company's business generally, are subject to risks and uncertainties, including those identified from time-to-time in the company's SEC filings. To better understand the company, and the risks involved in its business, you should review the risk factors described in reports and registration statements that the company files from time to time with the SEC.
