StarTek, Inc. NYSE: SRT

A class action has been commenced on behalf of an institutional investor in the United States District Court for the District of Colorado on behalf of purchasers of StarTek, Inc. ("StarTek") (NYSE:SRT) common stock during the period between February 26, 2003 and May 5, 2005 (the "Class Period").

The complaint charges StarTek and certain of its officers and directors with violations of the Securities Act of 1933 and the Securities Exchange Act of 1934. StarTek is a provider of business process outsourced services, which consist of business process management and supply chain management services.

The complaint alleges that defendants issued false statements about strong existing demand for StarTek's outsourced services from four of the Company's customers that accounted for 90% of StarTek's revenue, the Company's healthy sales pipeline, and the completion of a management transition and restructuring plan, which artificially inflated StarTek's stock price during the Class Period. Then, on May 6, 2005, StarTek announced that its first quarter 2005 "earnings per share from continuing operations decreased...to $0.18 compared to $0.49 for the first quarter of 2004." The Company also announced that its revenues declined 14.2% from the same period in 2004. On this news, StarTek's stock price fell over 18% from a closing price on May 5, 2005 of $15.20 to $12.40 per share on May 6, 2005.

If you acquired the securities of the defendants during the Class Period you may, no later than the Lead Plaintiff Deadline shown above, request that the Court appoint you as lead plaintiff through counsel of your choice. You may also choose to remain an absent class member. A lead plaintiff must meet certain requirements.