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EXHIBIT 20
CONTACT: T. Scott Cobb Michael J. Boling, CPA
Chief Executive Officer Executive Vice President and
905-754-6577 Chief Financial Officer
901-754-6577
BEN C. BRYANT, JR. RESIGNS AS CHAIRMAN OF THE BOARD
OF SCB COMPUTER TECHNOLOGY, INC.
MEMPHIS, Tenn. (July 17, 2000) - SCB Computer Technology, Inc.
(Nasdaq:SCBI) today announced that Ben C. Bryant, Jr., has resigned as chairman
of the Board of Directors of SCB effective as of September 1, 2000. Mr. Bryant,
who is the largest shareholder of SCB, will continue as chairman until September
1, 2000, to help ensure a smooth transition. After that date, he will retire
from full-time employment with SCB, but will continue to serve as a member of
the Board of Directors and a consultant to SCB. SCB anticipates that it will
name a new chairman from among its independent directors.
Commenting on the announcement, Scott Cobb, chief executive officer of
SCB, said, "As a founding member of SCB, Ben has played an instrumental role in
the growth of SCB. He and I have worked closely together for over 25 years, and
I sincerely appreciate his willingness to continue providing his counsel,
experience and assistance as a director and consultant to SCB."
Ben C. Bryant, Jr., chairman of SCB, said, "I have decided to step down
as chairman and serve in a consulting role as we endeavor to re-focus SCB on its
core business competencies. I continue to have a deep personal commitment to our
employees and clients, and the future of SCB, and intend to provide my ongoing
assistance to Scott and SCB as a director and consultant."
Certain statements contained in this press release and related
statements by management may be deemed to be forward-looking statements. These
forward-looking statements involve a number of risks and uncertainties,
including those described in SCB's filings with the Securities and Exchange
Commission. The Company undertakes no obligation to update this forward-looking
information except as required by law.
SCB Computer Technology, Inc. is a leading provider of information
technology management and technical services to Fortune 1000 companies, state
and local governments, and other large organizations.
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CORPORATE OFFICE
3800 Forest-Hill Irene Road, Suite 100, Memphis, TN 38125
(800) 221-1640 (901-754-6577 Fax (901) 754-8463 www.scb.com
