[TECHTEAM NEWS RELEASE LETTERHEAD]
NASDAQ/NM - "TEAM"
FOR IMMEDIATE RELEASE, Tuesday, August 13, 2001
TECHTEAM ANNOUNCES REVENUES AND EARNINGS FOR THE SECOND QUARTER
ENDED JUNE 30,
WILLIAM F. COYRO, JR. APPOINTED PRESIDENT AND CEO.
SOUTHFIELD, MICHIGAN, August 13, 2001...NATIONAL TECHTEAM INC., Nasdaq symbol
("TEAM"), a global provider of comprehensive knowledge-based information technology support solutions to
Fortune 1000 and multinational companies, today announced revenues and earnings for the second quarter and
six month periods ended June 30, 2001, and the appointment of William F. Coyro, Jr. as President and Chief
For the quarter ended June 30, 2001, TechTeam reported a net loss of ($913,000) or (0.09) per share
compared to net income of $1.1 million or $0.08 per share for the second quarter of 2000. Included in the net
loss are certain one-time and non-recurring items, such as a settlement charge related to earn-out and release
agreements with former officers of TechTeam Capital Group, write off of certain equity stakes in other
companies, charges related to the closing of the company's Harper Woods, Michigan facility, and one-time
severance costs. These one-time and non-recurring items accounted for approximately ($0.05) per share out of
the ($0.09) per share loss for the quarter.
Revenues for the second quarter 2001 were $23.5 million compared to $33 million for the second quarter 2000.
The reduction was primarily due to the previously announced discontinuance of the OEM Call Center Services
and the ramping down of the leasing business. Financial results for the six month period were revenues of $49
million and a net loss of ($688,000) or ($0.07) per share, compared to revenue of $65 million and net income of
$1.5 million or $0.11 per share for the same period last year.
Effective August 10, 2001, the Company has re-appointed William F. Coyro, its founder and former Chairman,
as President and CEO to run the Company. "The Board of