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Letter From the President – Our Commitment Sept. 10, 2002 Since early 2000, Pereless Systems has strived to maintain our market leadership in the applicant tracking and resume management space. As we move forward and look to close out the third quarter of 2002, we are pleased to announce many new client acquisitions along with a strong customer renewal rate that is in excess of 90%. One of the key differentiators that makes Pereless Systems stand out among our competitors is our innovative development process. While many companies cite their reliance on process control as an advantage, few companies can directly link the success of their processes to high customer satisfaction levels like Pereless can. Early in the process, we focus on fully understanding our client’s strategic goals, operational challenges, and expected outcomes. This rigorous and thorough approach uncovers users requirements. Our method ensures that we understand precisely what our clients are trying to achieve before we implement our solution. This customer-centered approach results in a experience that satisfies our clients short-term expectations and long-term goals and, in turn, results in a high level of satisfaction. Pereless Systems is a partner who understands cutting-edge technologies and has the resources, experience, and infrastructure to flex our solutions to match any customer model. The management team here at Pereless has maintained an entrepreneurial, "can do" attitude, an attitude that permeates through our entire organization. As a result, we can organize, manage, and deliver a customized solution for companies that's fast, cost-effective, and seamless. Pereless Systems took a leadership position when we started, and since then, we've never looked back. Pereless has sustained a stellar record of profitable revenue growth from the beginning. And we are dedicated to long-term partnerships with our clients, strategic partners, and investors. Serious management, strong product development, solutions that answer expressed customer needs, and the industry's most extensive and "smart" sales and service organization mean we are a business with customers who demand results. Our revenues are growing, and our cash flow allows us to conduct business with confidence and stability. We've been around. We're financially stable. And we're here for the long haul. Our partners can count on that. Sincerely, Arthur Pereless President/CEO September 2002 CONTACT: Jack Ryan Director of Public Relations 1-866-222-5169 Ext. 650 |