New legislation in the United States may make it difficult
for American companies to choose offshore call centre solutions to help
streamline their businesses. Supported by the Communications Workers of
America, a bi-partisan group of six US lawmakers introduced the U.S. Call Center
and Worker Protection Act of 2013 (H.R. 2909), a bill that states any
American corporation sending US call centre jobs overseas will be banned from
any federal grants and loans for three years. Further, it mandates that
offshore call centre employees disclose their location to US consumers and give
an option of talking to a US-based call centre representative if requested. The
legislation, which must still be voted upon and approved, proves not only a
battle for US companies but for agencies such as Coracall, a global outsourcing
communications service. A large portion of clients come from US-based
businesses, and if this bill passes, it is unsure how much of an impact it will
have not just on Coracall but for other offshore and outsourcing companies. For
more on Coracall, visit www.coracall.com.
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Coracall
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Investor Relations
Coracall
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inquiry@coracall.com
www.coracall.com
"Safe Harbor" Statement under the
Private Securities Litigation Reform Act of 1995: This press release contains
forward looking statements (within the meaning of Section 27a of the Securities
Act of 1933 and Section 21e of the Securities Exchange Act of 1934) regarding
our business, financial condition, results of operations and prospects.
Forward-looking statements in this report reflect the good faith judgment of
our management and the statements are based on facts and factors as we
currently know them. Forward-looking statements are subject to risks and
uncertainties and actual results and outcomes may differ materially from the
results and outcomes discussed in the forward-looking statements. Actual
results could differ materially from those projected in the forward-looking
statements, as a result of either the matters set forth or incorporated in this
report generally or certain economic and business factors, some of which may be
beyond the control of Coracall. These factors include adverse economic
conditions, entry of new and stronger competitors, inadequate capital to
support operations and projections of revenues and profitability. Readers are
urged not to place undue reliance on these forward-looking statements which
speak only as of the date of this press release. We undertake no obligation to
revise or update any forward-looking statements in order to reflect any event
or circumstance that may arise after the date of the press release.