CANONSBURG, PA, Feb. 10 PRNewswire-FirstCall - UBICS, Inc. (Nasdaq: UBIXE), a full-service IT services provider with over million in revenue in 2002, announced that it is celebrating its successful 10-year history as an affiliate of the UB Group, a billion multinational group of companies headquartered in India. It was 10 years ago that the UB Group recognized the need for quality, cost-effective IT services. As a result, in 1993, the UB Group founded UBICS (then known as UB Information & Consultancy Services). Since then, UBICS has consistently expanded its ability to address the IT needs of their clients.
'We started out as just an IT staffing company, but aggressively moved into other areas where we could leverage our global consultant base of over 500 IT professionals,' said Bob Harbage, UBICS' CEO. 'By 2000, we moved into fully-managed enterprise solutions and co-managed solutions. In 2003, with the additional services and a global delivery network, we now specialize in what we call anyshore delivery - the combination of onsite, offsite and offshore services. We take into account our client's resources, timeframe, needs, goals and deliver the optimal solution that solves its business problem.'

 

1993 - The UB Group established UB Information & Consultancy Services

 

1996 - UBICS more then doubled in organizational size
1997 - Opened a Western Region to support a diverse geographic client base
Changed name to UBICS
Completed Initial Public Offering
Achieved revenues of .5M
1998 - Established India Development Center in Bangalore, India
Named 35th of America's Fastest Growing Companies
2000 - Acquired CobaltCreative (now SquareRadius)
Established Enterprise Solutions Division
2001 - Acquired UK based Oakwood Technical Services
Acquired New Delhi-based DSF Internet UBICS doubled in organizational size again
2003 - UBICS celebrates 10-year anniversary
'It's been a long road since our inception,' commented Dr. Vijay Mallya, Chairman of UBICS. 'This 10-year milestone is a confirmation of the continual commitment and support of our employees, consultants, partners and clients. We are looking forward to strategically building the business to meet and exceed our clients' needs for the next 10 years.'

 

UBICS, Inc. (Nasdaq: UBIXE), is a global provider of IT professional services specializing in enterprise solutions, co-managed solutions, staff augmentation and business process outsourcing. UBICS can deliver flexible IT solutions onsite, offsite and offshore to offer industry-leading business solutions at a competitive cost. With more than 500 consultants through its worldwide satellite offices, UBICS services mid- to large-sized companies in the areas of: ERP and CRM package implementation and customization; e-commerce/Internet services; application maintenance programming; database, systems and network administration; network engineering; business process re- engineering; and more. The Pittsburgh, PA-based organization has a successful 10-year history as an affiliate of the UB Group, a billion multinational group of companies headquartered in India. For more information, please visit http://www.UBICS.com.

 

Forward-looking statements (statements which are not historical facts) in this release are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. For this purpose, any statements contained in this report that are not statements of historical fact may be deemed to be forward-looking statements. Without limiting the generality of the foregoing, words such as 'may', 'will', 'to', 'expect', 'believe', 'anticipate', 'intend', 'could', 'would', 'estimate', or 'continue' or the negative or other variations thereof or comparable terminology are intended to identify forward-looking statements. Investors are cautioned that all forward-looking statements involve risk and uncertainties. UBICS stockholders are subject to the risks and uncertainties described in UBICS' filings with the Securities and Exchange Commission, including UBICS' Annual Report on Form 10-K for the year ended December 31, 2001. SOURCE UBICS, Inc.

Contacts:
Patrick Servino,
Director of Marketing of UBICS,
+1-480-367-8646 x 2003
pservino@ubics.com