BUFFALO, N.Y., June 16, 2010 (GLOBE NEWSWIRE) — Ecology and Environment, Inc., (E & E) (Nasdaq:EEI) reported revenues for the third quarter of fiscal year 2010 (ended May 1) of .3 million, down 12 percent from the .0 million reported in the third quarter of fiscal year 2009.  Net income for the third quarter of fiscal year 2010 was 7,000 or .18 per share, a decrease from the .7 million or .42 per share reported in 2009 (which included a net gain of .24 per share attributable to a favorable tax settlement in Kuwait). Despite the decreases against a year ago, signs were positive against the previous quarter, with increasing revenue and net income.   

As reported by E & E in the second quarter of fiscal year 2010 ending January 30, 2010, the company was adversely impacted by temporary project and funding delays.  This adverse impact ended during the third quarter.  Compared to the previous quarter in 2010, E & E had revenue growth to .3 million from .1 million, and net income grew to 7,000 or .18 per share from 5,000 or .06 per share.  ”The improvement from last quarter in revenue and net income has been important for us,” said E & E president and CEO, Kevin Neumaier. ” It is showing that we have gotten past the slowdown that occurred at the start of the second quarter, and that our business development and proposal spending is resulting in increased revenues. I n addition to other work, as previously announced, we signed two contracts with the Navy totaling Million in March of this year.  These things, together with a high level of environmental concern globally, have us optimistic as we move into the fourth quarter and our 2011 fiscal year.”  

FORWARD LOOKING STATEMENTS

Any statements that refer to projections or expectations concerning future financial performance, anticipated growth and trends in the company’s businesses are forward-looking statements.  Readers are cautioned that these forward-looking statements are only predictions and are subject to risks, uncertainties, and assumptions that are difficult to predict. Therefore, actual results may differ materially and adversely from those expressed in any forward-looking statements. The company undertakes no obligation to revise or update any forward-looking statements for any reason.  Information on risks and uncertainties is available in the company’s SEC filings.

Ecology and Environment, Inc. has completed more than 45,000 projects for a wide variety of clients in 84 countries, providing environmental solutions in nearly every ecosystem on the planet.  E & E is listed on the NASDAQ under the symbol EEI, and the information contained in this press release is available on the company’s website at www.ene.com/news.

CONTACT:  Ecology and Environment, Inc.
          John Mye
          (716) 684-8060
          jmye@ene.com

GlobeNewswire: Earnings Releases and Operating Results News

NEW YORK, June 16, 2010 (GLOBE NEWSWIRE) — ExlService Holdings, Inc. (“EXL”) (Nasdaq:EXLS), a leading provider of outsourcing and transformation services, will announce financial results for its second quarter ended June 30, 2010 on August 4, 2010 after the market close.

EXL management will conduct a conference call at 10:00 a.m. (ET) on August 5, 2010 to discuss the company’s financial and operating performance. The conference call will be available live via the internet by accessing the investor relations section of EXL’s website at www.exlservice.com, where the accompanying presentation and investor friendly spreadsheet can also be accessed. Please go to the website at least fifteen minutes prior to the call to register, download and install any necessary audio software.

To listen to the conference call via phone, please dial 1-877-303-6384 or 1-224-357-2191. For those who cannot access the live broadcast, a replay will be available by dialing 1-800-642-1687 or 1-706-645-9291 and entering the conference identification number “82113813″ from two hours after the end of the call until 11:59 p.m. (ET) on August 19, 2010. The replay will also be available on the EXL website (www.exlservice.com).

About ExlService Holdings, Inc.

ExlService Holdings, Inc. (Nasdaq:EXLS) is a leading provider of outsourcing and transformation services. EXL’s outsourcing services include a full spectrum of business process outsourcing services from offshore delivery centers requiring ongoing process management skills. Transformation services enable continuous improvement of client processes by bringing together EXL’s capabilities in decision analytics, risk and financial management and operations and process excellence services. Headquartered in New York, EXL primarily serves the needs of Global 1000 companies in the insurance, utilities, financial services and transportation, logistics, and travel sectors. Find additional information about EXL at www.exlservice.com.

This press release contains forward-looking statements. You should not place undue reliance on those statements because they are subject to numerous uncertainties and factors relating to the Company’s operations and business environment, all of which are difficult to predict and many of which are beyond the Company’s control. Forward-looking statements include information concerning the Company’s possible or assumed future results of operations, including descriptions of its business strategy. These statements may include words such as “may,” “will,” “should,” “believe,” “expect,” “anticipate,” “intend,” “plan,” “estimate” or similar expressions. These statements are based on assumptions that we have made in light of management’s experience in the industry as well as its perceptions of historical trends, current conditions, expected future developments and other factors it believes are appropriate under the circumstances. You should understand that these statements are not guarantees of performance or results. They involve known and unknown risks, uncertainties and assumptions. Although the Company believes that these forward-looking statements are based on reasonable assumptions, you should be aware that many factors could affect the Company’s actual financial results or results of operations and could cause actual results to differ materially from those in the forward-looking statements. These factors are discussed in more details in the Company’s filings with the Securities and Exchange Commission, including the Company’s Annual Report on Form 10-K for the year ended December 31, 2009. These risks could cause actual results to differ materially from those implied by forward-looking statements in this release. You should keep in mind that any forward-looking statement made herein, or elsewhere, speaks only as of the date on which it is made. New risks and uncertainties come up from time to time, and it is impossible to predict these events or how they may affect the Company. The Company has no obligation to update any forward-looking statements after the date hereof, except as required by federal securities laws.

CONTACT:  ExlService Holdings, Inc.
          Jean Liang, Head of Investor Relations
          (212) 277-7115
          ir@exlservice.com
          280 Park Avenue
          New York, NY 10017

GlobeNewswire: Earnings Releases and Operating Results News