Market Overview

Startek Appoints Ramesh Kamath as Chief Financial Officer


- Proven Executive with Global Experience Tapped to Lead Finance
Organization of Newly Combined Company -

Startek, Inc. (NYSE:SRT), a global provider of business process
outsourcing (BPO) services, has appointed Ramesh Kamath as Chief
Financial Officer, succeeding Don Norsworthy effective August 8, 2018.

Ramesh brings more than 30 years of global finance experience with an
extensive track record of profitably growing BPO companies. He
previously served as CFO of Aegis Global, which was combined with
Startek on July 20, 2018. At Aegis, Ramesh helped manage more than
40,000 employees, implemented various internal controls, and centralized
the company's treasury management system to improve working capital and
cash flow management. Prior to Aegis, he also led the finance
organization of prominent BPOs, including serving as CFO of The Minacs
Group and Progeon (now Infosys BPO).

"Ramesh's breadth of global experience and leadership will be an
invaluable asset to our finance team," said Lance Rosenzweig, president
& global CEO of Startek. "Ramesh brings a strong track record of helping
leading BPO companies accelerate growth while implementing global best
practices and operating efficiencies, which is particularly timely given
our new global footprint of more than 60 delivery campuses in 13
countries around the world. We look forward to leveraging his expertise
as we begin to integrate our new global platform and capitalize on new
economies of scale."

"Following Ramesh's appointment," Rosenzweig continued, "our current CFO
Don Norsworthy will be leaving the organization to pursue other
interests. Don has been instrumental to several strategic objectives
over the last few years, and we wish him all the best in his future

Ramesh holds a Bachelor of Commerce degree from Mumbai University, and
is also a Chartered Accountant and Certified Cost & Works Accountant.

About Startek
Startek is a leading global provider of
customer experience management solutions. The company provides business
process outsourcing and technology services to corporations around the
world across a range of industries. Operating under the Startek and
Aegis brands, the company has more than 50,000 outsourcing experts
across 66 delivery campuses worldwide that are committed to enhancing
the customer experience for clients. Services include omni-channel
customer care, customer acquisition, order processing, technical
support, receivables management and analytics through automation, voice,
chat, email, social media and IVR, resulting in superior business
results for its clients. To learn more about Startek's global solutions,
please visit

Forward-Looking Statements
The matters regarding the future
discussed in this news release include forward-looking statements as
defined in the Private Securities Litigation Reform Act of 1995. Such
forward-looking statements are intended to be identified in this
document by the words "anticipate," "believe," "estimate," "expect,"
"intend," "may," "objective," "outlook," "plan," "project," "possible,"
"potential," "should" and similar expressions. As described below, such
statements are subject to a number of risks and uncertainties that could
cause Startek's actual results to differ materially from those expressed
or implied by any such forward-looking statements. These factors
include, but are not limited to, risks relating to our reliance on a
limited number of significant customers, lack of minimum purchase
requirements in our contracts, the concentration of our business in the
communications industry, lack of wide geographic diversity, maximization
of capacity utilization, foreign currency exchange risk, risks inherent
in the operation of business outside of the United States, ability to
hire and retain qualified employees, increases in labor costs,
management turnover and retention of key personnel, trends affecting
companies' decisions to outsource non-core services, reliance on
technology and computer systems, including investment in and development
of new and enhanced technology, increases in the cost of telephone and
data services, unauthorized disclosure of confidential client or client
customer information or personally identifiable information, compliance
with regulations governing protected health information, our ability to
acquire and integrate complementary businesses, compliance with our debt
covenants, ability of our largest stockholder to affect decisions and
stock price volatility, difficulties with the successful integration and
realization of the anticipated benefits or synergies from the Aegis
transaction, and the risk that the consummation of the transaction could
have an adverse effect on Startek's ability to retain customers and
retain and hire key personnel. Readers are encouraged to review Item 1A.
- Risk Factors and all other disclosures appearing in the Company's Form
10-K for the year ended December 31, 2017 filed with the SEC and in
other filings with the SEC, for further information on risks and
uncertainties that could affect Startek's business, financial condition
and results of operation. Startek assumes no obligation to update or
revise any forward-looking statements as a result of new information,
future events or otherwise. Readers are cautioned not to place undue
reliance on these forward-looking statements that speak only as of the
date herein.

View Comments and Join the Discussion!