EL SEGUNDO, California, March 13 /PRNewswire/ --
Computer Sciences Corporation (NYSE: CSC) today announced that the company will not extend its relationship with Riis Cycling or its professional cycling team past the end of the current contract, which expires on Dec. 31, 2008.
CSC indicated the decision reflects a shift in priorities as the company makes new investments to implement a strategic long-term growth plan.
"Our involvement in the sport of cycling has been a positive and productive experience," said Henrik Bo Pedersen, the CSC executive responsible for overseeing the sponsorship. "We will continue to support the team and exercise our sponsorship rights during the 2008 race season. At the same time, we are committed to helping the team secure a new title sponsor.
"Our company and employees have enjoyed our relationship with the riders, staff and management of Team CSC. We especially wish to thank each member of Riis Cycling for their dedication and commitment to making professional cycling a healthy and safe sport."
About CSC
Computer Sciences Corporation is a leading information technology (IT) services company. CSC's mission is to be a global leader in providing technology-enabled business solutions and services.
With approximately 91,000 employees, CSC provides innovative solutions for customers around the world by applying leading technologies and CSC's own advanced capabilities. These include systems design and integration; IT and business process outsourcing; applications software development; Web and application hosting; and management consulting. CSC reported revenue of US$16.1 billion for the 12 months ended Dec. 28, 2007. For more information, visit the company's Web site at http://www.csc.com.
Web site: http://www.csc.com
Mike Dickerson, Director, Media Relations, Corporate, +1-310-615-1647, mdickers@csc.com, or Theresa McDermit, +1-917-319-8001, tmcdermi@csc.com, or Joanne Davis, Manager, Media Relations, CSC in the United Kingdom, + 44-0-1252-536-737, jdavis62@csc.com, all of Computer Sciences Corporation
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