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BPO Management Services Announces Financial Results for Fourth Quarter and Full Year 2008
Date:4/1/2009

and outstanding, respectively - - Common stock, par value $0.10 and $.01, respectively; authorized 1,900,000,000 and 1,500,000 shares, respectively; 15,165,586 and 12,171,034 shares issued and outstanding, respectively 1,516,559 121,711 Additional paid-in capital 14,687,206 27,500,477 Accumulated deficit (28,706,729) (10,568,915) Accumulated other comprehensive income, foreign currency translation adjustments (317,283) 446,265 Total stockholders' equity 8,283,708 17,561,158 $30,749,006 $31,065,501 BPO MANAGEMENT SERVICES, INC. AND SUBSIDIARIES CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) Three Months Ended Year Ended December 31, December 31, 2008 2007 2008 2007 Revenues: Enterprise content management $3,270,928 $4,274,213 $14,169,854 $10,141,210 IT outsourcing services 3,455,225 2,754,348 12,213,508 5,616,239 Human resource outsourcing servicing 388,639 451,364 1,727,631 711,552 Total revenues 7,114,792 7,479,925 28,110,993 16,469,001 Operating expenses: Cost of services provided 4,929,326 3,608,992 15,321,356 8,045,756 Selling, general and administrative 3,258,471 4,983,125 15,254,214 11,965,666 Research and development 94,618 36,473 322,876 298,211 Depreciation and
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SOURCE BPO Management Services, Inc.
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