>>The Company is announcing today that it will expand its presence in India by opening an office in Mumbai in order to bring work currently outsourced back into the company >>and hire employees of The Company to fill these positions. We plan to open the new office by mid-2006 with approximately 200 employees who will do work that we currently >>outsource to vendors in Mexico and India. The work currently outsourced includes claims data entry jobs, IT coding/application development jobs and IT quality assurance >>jobs. Our existing business in India is a joint venture in which we own a majority interest in Another Company, which sells widgets and related widget services. >>>>
>One more point and then I'll leave this topic alone -- what we're doing in India is really no different than what we did in the U.S. 25 or 30 years ago as we expanded >beyond Widget City to locations that offered more cost effective ways of doing business. Over the last 25 years we have built operations in Widgetville, Widgetson and >Widgetton, among other places, because there were significant pools of talent and cost effective facilities in those locations that we couldn't get in Widget City. It's >the same reason we have widget expertise in Widgetdom. Because it's there -- not here. Now we're merely expanding beyond U.S. borders and looking around the >globe for talent. >