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Press Release
FOR IMMEDIATE RELEASE
Sento Intiates Share Repurchase Program for up to 10% of Outstanding Common Stock
AMERICAN FORK, Utah - February 28, 2005 - Sento Corporation (Nasdaq: SNTO - News), a right-channeling solutions leader, announced today that its Board of Directors has authorized the Company to initiate a share repurchase program for up to 10% of its common stock over the next year. There were 3.8 million shares of common stock outstanding at December 31, 2004. The specific timing and amount of repurchases will vary based on market conditions, securities law limitations and other factors. The shares will be purchased from time to time in the open market using the Company's cash resources, and the program may be suspended or discontinued at any time without prior notice. Patrick F. O'Neal, President and CEO of Sento, commented, "We are convinced that our stock price represents significant value at its current level and does not accurately reflect the tangible progress this Company has made. We have achieved strong revenue growth year to date. We have expanded our geographic reach through our Xtrasource acquisition, which is increasingly reflecting its substantial potential. We have started to execute our strategic program to capitalize on our right channeling advantages. And, we have a strong balance sheet, with a sizeable cash position and low debt. Accordingly, we believe this share repurchase is a prudent investment and in the best interests of our shareholders."
SENTO PROFILE
Sento Corporation (www.sento.com) is one of the industry's most innovative providers of outsourced customer support services. Sento employs right channeling to create custom solutions that integrate live support with the company's best-in-class software solutions. Sento's Customer Choice PlatformSM allows customers to make choices in communication channels from a range of web-enabled self-service options with live support available at every critical point. Sento focuses on the inter-relationship among voice, chat, email, self-service and web forums. Sento targets its customer acquisition, customer service and technical support solutions to a diversified portfolio of clients in multiple vertical segments. Sento's solutions can provide value-added customer support at significant cost reductions when compared to other, traditional outsourced models. With operations in the U.S., The Netherlands, and France, plus partnerships in India and other low-cost regions, Sento provides customer support in 19 languages.
FORWARD LOOKING STATEMENTS
Statements in this press release, which are not purely historical, are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements encompass Sento's beliefs, expectations, goals, hopes or intentions regarding future events. Words such as "expects," "intends," "estimates," "believes," "anticipates," "should" and "likely" also identify forward-looking statements. All forward-looking statements included in this release are made as of the date hereof and are based on information available to Sento as of such date. Sento assumes no obligation to update any forward-looking statement. Actual results could differ materially from those anticipated for a number of reasons, including, among others: the Company's stock price has historically been volatile; difficulties encountered in post-acquisition integration and operation of the acquired assets including retaining existing clients of the acquired company; variations in market and economic conditions; the effect on the Company's earnings of the repricing of options; the Company's dependence on its limited number of key clients; failure to renew existing client contracts for continuation of services; reduction in services requested by the Company's clients resulting in lower revenues for the Company; the Company's ability to complete negotiations and execute client agreements; risk of emergency interruption of the Customer Contact Solutions operations; and other unanticipated factors. Risk factors, cautionary statements and other conditions, which could cause actual results to differ from the Company's current expectations, are contained in the Company's filings with the Securities and Exchange Commission, including the Company's Annual Report on Form 10-KSB, as amended.
Contact:
Patrick O'Neal
President, Chief Executive Officer and Director
Sento Corporation
801-772-1417
pat_oneal@sento.com
Anthony J. Sansone
Chief Finance Officer and Corporate Secretary
Sento Corporation
801-772-1410
tony_sansone@sento.com
Brokers and financial industry members
Laurie S. Roop
President, Shareholder Relations
435-652-3884
laurie@shareholder-relations.net
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