BUFFALO, N.Y., May 11, 2015 (GLOBE NEWSWIRE) -- CTG (Nasdaq:CTG), an information technology (IT) solutions and services company, today announced that it has accepted the resignation of Ted Reynolds, Senior Vice President, who has decided to leave the Company to pursue other interests. Mr. Reynolds' resignation is effective May 29, 2015, and in the interim he will work with CTG's healthcare team and its clients to ensure a smooth departure.
Cliff Bleustein, President and Chief Executive Officer of CTG, will lead the Company's healthcare IT division, CTG Health Solutions, until a permanent replacement has been appointed.
"We appreciate Ted's contributions to CTG's healthcare business, particularly in our EMR implementation practice, and we wish him well in his future endeavors," said Mr. Bleustein. "I am confident in the ability of our sales and delivery teams to continue to respond to the demands of our clients and the healthcare market in general as we move through this transition."
CTG develops innovative IT solutions to address the business needs and challenges of companies in several higher-growth industries including healthcare, technology services, energy, and financial services. As a leading provider of IT and business solutions to the healthcare market, CTG helps healthcare institutions, physician practices groups, payers, and related organizations achieve clinical and financial goals. CTG has developed for the healthcare provider and payer markets unique, proprietary analytics solutions that support better and lower cost healthcare. CTG also provides managed services IT staffing for major technology companies and large corporations. Backed by nearly 50 years of experience and proprietary methodologies, CTG has a proven track record of delivering high-value, industry-specific solutions. CTG operates in North America and Western Europe. CTG posts news and other important information online at www.ctg.com.
Safe Harbor Statement
This document contains certain forward-looking statements concerning the Company's current expectations as to future growth, business strategy and expectations for 2015, and statements related to cost control, new business opportunities, business wins, market demand, and other attributes of the Company. These statements are based upon a review of industry reports, current business conditions in the areas where the Company does business, the availability of qualified professional staff, the demand for the Company's services, feedback from existing and potential new customers, current and proposed legislation and governmental regulations that may affect the Company and/or its customers, and other factors that involve risk and uncertainty including those listed in the Company's reports filed with the Securities and Exchange Commission as of the date of this document. Actual results could differ materially from the outlook guidance, expectations, and other forward-looking statements as a result of a number of factors, including among others, the dependence on orders from certain customers and their degree of concentration, the uncertainty of customers' implementation of cost reduction projects, the effect of healthcare reform mandates and initiatives, the mix of work and revenue between staffing and solutions, currency exchange risks, and new changes in government regulations and laws that affect the IT industry and the industries in which the Company's clients operate. Such forward-looking statements should be read in conjunction with the Company's disclosures set forth in the Company's 2014 Form 10-K, which is incorporated by reference, and other reports that may be filed from time to time with the Securities and Exchange Commission. The Company assumes no obligation to update the forward-looking information contained in this release.
CONTACT: Brendan Harrington Chief Financial Officer (716) 887-7244
Source:Computer Task Group, Inc.