Investment in Teloworks

6 Months Ended

Jun. 30, 2011

Investment In Teloworks [Abstract]

Investment in Teloworks

Note 3.    Investment in Teloworks

           Effective January 1, 2008, Telos owns 100% of Teloworks.  As previously reported, we had recorded all fundings to Teloworks as expense in our consolidated statement of operations.  Effective January 1, 2009, we accounted for the investment in Teloworks using the consolidation method.

In 2008, Teloworks formed a wholly-owned subsidiary, Teloworks BPO Solutions Philippines, Inc., for the purpose of starting up a business-process outsourcing business in the Philippines, which began operations in the third quarter of 2009 but had not generated significant revenue, and in January 2011 operations were suspended.  We are currently evaluating the future directions of the business. The results of this entity have also been consolidated.