ANSR Hackett Grp., Inc.(The) (MM)

Answerthink, Inc. (NASDAQ:ANSR) today announced that it is rebranding as The Hackett Group. To celebrate the event, Chairman and CEO Ted A. Fernandez will ring the NASDAQ Stock Market opening bell at 9:30 am on Thursday, January 31, the same date that the ticker symbol will change to HCKT. �We�re proud to celebrate this major step in the transformation of our business that we started five years ago,� said Mr. Fernandez. �From its inception more than 10 years ago, Answerthink has emphasized the importance of The Hackett Group�s global brand and its unique best practices intellectual property. As we exited the year, Hackett revenues approached 70% of our total revenues with about one-third of those revenues coming outside of the U.S. Given our strong global growth and the growing global recognition of our Hackett Group brand, we believe this is the right time to make this transition.� The Company has moved the Oracle and Hyperion technology consulting groups under the Hackett Technology Solutions name. The Answerthink brand will continue to be used to support the SAP practice efforts. The Hackett Group�s participation in the NASDAQ market opening will take place at 9:30 am EST on Thursday, January 31 at the NASDAQ MarketSite, 4 Times Square (43rd St. & Broadway), in New York City. The opening bell is available from 9:20 a.m. to 9:35 a.m. on Galaxy 26 - uplink IA6 C band / transponder 24, downlink frequency 4180 horizontal. The feed can also be found on Waterfront fiber 1623. If you have any questions, please contact Robert Madden (646) 441-5045. An audio transmission of the opening bell is also available from 9:20 a.m. to 9:35 a.m. on uplink IA6 C band / transponder 24, downlink frequency 4180 horizontal. The feed can be found on Waterfront fiber 1623 as well. A live webcast of the NASDAQ Opening Bell will be available at: http://www.nasdaq.com/reference/marketsite_about.stm. Note that this Webcam usually shows the NASDAQ Tower, but switches at about 9:20 am Eastern each day to show the NASDAQ opening bell ceremony, which begins at 9:30 am. To obtain a hi-resolution photograph of the Market Open, please go to http://www.nasdaq.com/reference/marketsite_events.stm and click on the market open of your choice. About The Hackett Group The Hackett Group, a global strategic advisory firm, is a leader in best practice advisory, benchmarking, and transformation consulting services, including shared services, offshoring and outsourcing advice. Utilizing best practices and implementation insights from more than 4,000 benchmarking engagements, executives use Hackett's empirically based approach to quickly define and prioritize initiatives to enable world-class performance. Through its REL brand, Hackett offers working capital solutions focused on delivering significant cash flow improvements. Through its Hackett Technology Solutions group, Hackett offers business application consulting services that helps maximize returns on IT investments. Hackett has worked with 2,700 major corporations and government agencies, including 97% of the Dow Jones Industrials, 73% of the Fortune 100, 73% of the DAX 30 and 45% of the FTSE 100. Founded in 1991, The Hackett Group was acquired by Answerthink, which was renamed The Hackett Group in 2008. The Hackett Group has global offices in the United States, Europe and India and is publicly traded on the NASDAQ as HCKT. More information on The Hackett Group is available: by phone at (770) 225-7300; by e-mail at info@thehackettgroup.com; or on the Web at www.thehackettgroup.com. This press release contains �forward-looking statements'' within the meaning of the Private Securities Litigation Reform Act of 1995 and involve known and unknown risks, uncertainties and other factors that may cause Hackett�s actual results, performance or achievements to be materially different from the results, performance or achievements expressed or implied by the forward-looking statements. Factors that impact such forward-looking statements include, among others, our ability to effectively integrate acquisitions into our operations, our ability to attract additional business, our ability to effectively market and sell our product offerings and other services, the timing of projects and the potential for contract cancellations by our customers, changes in expectations regarding the information technology industry, our ability to attract and retain skilled employees, possible changes in collections of accounts receivable, risks of competition, price and margin trends, foreign currency fluctuations, changes in general economic conditions and interest rates as well as other risks detailed in the Company's Annual Report on Form 10-K for the fiscal year ended December 29, 2006 filed with the Securities and Exchange Commission. We undertake no obligation to update or revise publicly any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.