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Genworth Financial Presents Strategic Supplier of the Year Award to Direct Mail Solutions
Inaugural Annual Awards Program Also Honors Wakely & Associates, Genpact, Transaction Applications Group and SAS

RICHMOND, Va., Dec 19, 2005 /PRNewswire-FirstCall via COMTEX News Network/ -- Genworth Financial, Inc. (NYSE: GNW) has awarded its first annual Strategic Supplier of the Year Award to Direct Mail Solutions of Richmond, Virginia. The new awards target an elite group of suppliers that help Genworth achieve its product, service and cost goals.

"With more than 2,000 total suppliers and 40 Strategic Suppliers worldwide, this is a great accomplishment for Direct Mail Solutions," said Francois Kouroriez, who oversees Genworth's supplier programs. "The purpose of our program is to foster and reward innovation, continuous improvement and cost performance. Direct Mail Solutions embodies all those traits."

Direct Mail Solutions (DMS) provides direct mail and fulfillment services. "This is a tremendous recognition for a 70-employee company competing with so many dynamic national and international organizations," said Chris Moore, president and chief executive officer of Direct Mail Solutions. "It is very rewarding to receive this recognition but more importantly, this award recognizes how two organizations can work collaboratively for the mutual benefit of both."

Genworth's Supplier Relationship Manager Christine Mitchell adds, "DMS clearly understands our business and our business needs. Throughout the year, we have partnered to brainstorm how to improve data, processes and mailings. Together we implemented these ideas, creating a true definition of what great teamwork should be. DMS demonstrates our values with every interaction."

"The very nature of supplier relationships has changed over the years and in today's highly competitive world, both buyers and sellers must establish and develop long-term collaborative relationships in order to build the partnership they need to compete and grow," Kouroriez explained. "The Genworth Strategic Supplier Partnership Program has provided a great alternative to the often shortsighted pursuit of near-term price savings and frequent re-bidding and is helping us instead focus our energy on continuous improvement and long-term cost performance."

The awards are based on Genworth's four core values of Performance, Ingenuity, Clarity, and Heart. In addition to the overall award to Direct Mail Solutions, other suppliers were recognized for each core value:

  • Performance: Wakely and Associates, Inc., Clearwater, Florida -- an industry leader in providing administrative services to life and health insurance and reinsurance companies.

  • Ingenuity: Genpact, New York (US) -- a global provider of high-quality business and technology services.

  • Clarity: Transaction Applications Group (TAG) -- a leading provider of policy administration and business process services to the life insurance industry.

  • Heart: SAS, Cary, North Carolina (US) -- a global leader in data analysis system solutions.

About Genworth

Genworth Financial, Inc. (NYSE: GNW) is a leading insurance holding company, serving the lifestyle protection, retirement income, investment and mortgage insurance needs of more than 15 million customers, and has operations in 24 countries, including the U.S., Canada, Australia, the U.K. and more than a dozen other European countries. For more information, visit http://www.genworth.com.

SOURCE Genworth Financial, Inc.

Tom Topinka of Genworth Financial, Inc., +1-804-662-2444, or Thomas.topinka@genworth.com