TechTeam Global Delays Fourth Quarter 2009 Financial Results Release

SOUTHFIELD, Mich., March 15 /PRNewswire-FirstCall/ -- TechTeam Global, Inc., (Nasdaq: TEAM), a worldwide provider of information technology outsourcing and business process outsourcing services, announced today that it will delay its fourth quarter 2009 earnings press release and investor teleconference, previously scheduled for this afternoon.  

Management has concluded that the Company will record an impairment charge related to goodwill and intangible assets. This conclusion was reached in connection with the preparation of the audited financial statements for the year ended December 31, 2009. Management is currently completing the valuation process and related review required to determine the extent of the impairment charge to be recorded as of December 31, 2009. These reviews and analyses are related to a decline in the value of one or more of the Company's reporting units. The Company expects to release its earnings and file its Form 10-K on or before March 31, 2010.

About TechTeam Global, Inc.

TechTeam Global, Inc. is a leading provider of IT outsourcing and business process outsourcing services to large and medium businesses, as well as government organizations. The company's primary services include service desk, technical support, desk-side support, security administration, infrastructure management and related professional services. TechTeam also provides a number of specialized, value-added services in specific vertical markets. Founded in 1979, TechTeam has nearly 3,000 employees across the world, providing IT support in 32 languages. TechTeam's common stock is traded on the NASDAQ Global Market under the symbol "TEAM."  For more information, call 800-522-4451 or visit www.techteam.com.

SOURCE TechTeam Global, Inc.