EX-99.1 3 ex99.txt NEWS RELEASE TSYS(R) News Release -------------------------------------------------------------------------------- For immediate release Contacts: Eric S. Bruner Danita Gibson-Lloyd Leo Berard TSYS Media Relations TSYS Media Relations TSYS Investor Relations +1.706.644.8457 +1.706.649.5578 +1.706.644.6081 ebruner@tsys.com dglloyd@tsys.com leoberard@tsys.com TSYS Announces Workforce Reduction Columbus, Ga., Feb. 4, 2004 -- TSYS today announced that after conducting a company-wide assessment, it has reduced its overall workforce by 237 team members, representing approximately 4 percent of the company's worldwide workforce of 5,500. The workforce reductions included job eliminations through consolidation and improved efficiencies, as well as ensuring that the right individuals with the right skills were in the right positions. TSYS will take a one-time charge against earnings in the first quarter related to the workforce reduction. This charge will not impact the company's established guidance of 5-7 percent growth in earnings per share for 2004. About TSYS TSYS (NYSE: TSS) (www.tsys.com) brings integrity and innovation to the world of electronic payment services as the integral link between buyers and sellers in this rapidly evolving universe. Synovus (NYSE: SNV) (www.synovus.com) owns an 81-percent interest in TSYS. For more information, contact news@tsys.com. ### Exhibit 99.1