<PAGE>   1

EXHIBIT 99.1

                                  RISK FACTORS

In evaluating the Company and its business, prospective investors should
consider carefully the following risk factors in addition to the other
information contained herein. This Annual Report on Form 10-K contains
forward-looking statements that involve risks and uncertainties. The Company's
actual results may differ materially from the results discussed in the
forward-looking statements. Factors that might cause such a difference include,
but are not limited to, those discussed in the following risk factors.

CONCENTRATION OF REVENUES

     The Company has in the past derived, and may in the future derive,
a significant portion of its revenues from a relatively limited number of major
clients. During fiscal 1997, the Company had one client which individually
accounted for 14% of its net revenues. During fiscal 1998 the Company had one
client that individually accounted for 9% of its net revenues. During fiscal
1999, the Company had two clients that individually accounted for 15% and 10%
of its net revenues.  From quarter to quarter, revenues from one or more
individual clients may exceed 10% of the Company's revenues for the quarter. In
general, there are no long-term commitments by any of the Company's clients for
the Company's services and many of the Company's engagements are, and may be in
the future, terminable without penalty. During the last quarter of fiscal 1996
and the first quarter of fiscal 1997, the Company's then two largest clients
terminated projects with the Company, contributing to a net loss for the first
six months of fiscal 1997 of approximately $1.1 million. There can be no
assurance that the Company's major clients will continue their relationships
with the Company and be a significant source of revenue for the Company or that
they will not terminate major projects at any given time. Any unanticipated
termination of a major project or the loss of any one of the Company's large
clients will have a material adverse effect on the Company's business,
financial condition and results of operations.

VARIABILITY OF QUARTERLY OPERATING RESULTS

     The Company has experienced and may in the future continue to experience
fluctuations in its quarterly operating results. Factors that may cause the
Company's quarterly operating results to vary include the number of active
client projects, the requirements of client projects, the termination of major
client projects, the loss of major clients, the timing of new client engagements
and the timing of personnel cost increases. Certain of these factors may also
affect the Company's personnel utilization rates which may cause further
variation in quarterly operating results. The timing of revenues is difficult to
forecast because the Company's sales cycle is relatively long and the Company's
services are impacted by both the financial condition and management decisions
of its clients and general economic conditions. Because a high percentage of the
Company's expenses are relatively fixed at the beginning of any period and the
Company's general policy is to not adjust its staffing levels based upon what it
views as short-term circumstances, a variation in the timing, initiation or
completion of client assignments, particularly at or near the end of any
quarter, can cause significant variations in operating results from quarter to
quarter and could result in losses for any particular period. In addition, many
of the Company's engagements are, and may be in the future, terminable by its
clients without penalty. A termination of a major project could require the
Company to maintain under-utilized employees, resulting in a higher than
expected percentage of unassigned professionals, or to terminate the employment
of excess personnel. Due to all of the foregoing factors, there can be no
assurance that the Company's results of operations will not be below the
expectations of investors for any given fiscal period.

RECENT OPERATING LOSSES AND LIMITED OPERATING HISTORY

     The Company has been in existence since January 28, 1994. In fiscal 1994
and fiscal 1995, the Company experienced losses due primarily to the
developmental nature of the business. While the Company was profitable in
fiscal 1996, 1997, 1998 and 1999, the Company experienced the cancellation of
significant projects at its then two largest clients in the last quarter of
fiscal 1996 and the first quarter of fiscal 1997. The cancellation of these
projects resulted from each client's cancellation of the business initiative
for which the Company had been retained. As a result of the cancellation of
these two projects and the increase in the Company's operating expenses caused
by the Company's expansion, the Company experienced a net loss of approximately
$1.1 million during the first six months of fiscal 1997. In addition, to
support the growth of its business, the Company expanded its level of
operations and increased operating expenses in all areas during fiscal 1996,
fiscal 1997, fiscal 1998 and fiscal 1999. The Company's business, financial
condition and results of operations will be adversely affected in any period if
revenues do not increase sufficiently to cover the Company's expanded level of
operations and increased operating expenses. There can be no assurance that the
Company will be successful in its efforts to so increase its revenues.

CONTROL BY CHIEF EXECUTIVE OFFICER; ELECTION OF FUTURE CHIEF EXECUTIVE OFFICERS

     All employee-stockholders of the Company have granted a proxy to vote
their shares of Class B Common Stock to the person holding the position of
Chief Executive Officer of the Company. Accordingly, as of March 31, 1999, the

<PAGE>   2
Company's current Chief Executive Officer controls (including Class A Common
Stock owned by such individual) approximately 65.9% of the voting rights of the
outstanding Common Stock of the Company and will have the voting power to elect
the Company's entire Board of Directors and to approve all matters requiring
stockholder approval. In addition, an agreement among the Company and the
Partners requires that the Company's Chief Executive Officer be selected from
the Partners. This significantly limits the number of qualified persons that
may be considered for such office. Accordingly, there can be no assurance that
the Company will be successful in attracting future persons who are qualified
to serve as the Company's Chief Executive Officer and the inability to attract
such persons could have a material adverse effect on the Company's business,
financial condition and results of operations.

RELIANCE ON KEY PERSONNEL; RECRUITMENT AND RETENTION OF PROFESSIONALS

     The Company's success depends upon the continued service of its key
executive officers and its ability to attract, retain and motivate highly
skilled professionals at all levels. Qualified client-serving professionals are
in particularly great demand and are likely to remain a limited resource for the
foreseeable future. The loss for any reason of a key executive officer or a
number of the Company's client-serving professionals or the inability to attract
qualified personnel could have a material adverse effect on the Company's
business, financial condition and results of operations.

ABSENCE OF LONG-TERM CONTRACTS

     The Company's clients are generally able to reduce or cancel their use of
the Company's professional services without penalty and with little or no
notice. As a result, the Company believes that the number of clients or the
number and size of its existing projects are not reliable indicators or measures
of future revenue. The Company has in the past provided, and is likely in the
future to provide, services to clients without a long-term agreement. When a
client defers, modifies or cancels a project, the Company must be able to
rapidly deploy its professionals to other projects in order to minimize the
underutilization of employees and the resulting adverse impact on operating
results. In addition, the Company's operating expenses are relatively fixed and
cannot be reduced on short notice to compensate for unanticipated variations in
the number or size of projects in progress. As a result, any termination,
significant reduction or modification of its business relationships with any of
its significant clients or with a number of smaller clients could have a
material adverse effect on the Company's business, financial condition and
results of operations.

MANAGEMENT OF GROWTH

     The Company has been experiencing a period of substantial growth that has
placed, and is anticipated to continue to place, a strain on the Company's
financial and other resources. During fiscal 1998 and fiscal 1999, the size of
the Company's employee base increased from 223 to 309 full-time employees.
Further increases are anticipated in the future. The Company's ability to manage
the growth of its professional staff will require it to continue to improve its
operational, financial and other internal systems, and to train, motivate and
manage its employees. If the Company's management is unable to manage growth
effectively and new employees are unable to achieve anticipated performance
levels, the Company's business, financial condition and results of operations
could be adversely affected.

PROJECT RISKS

     Because many of the Company's projects are critical to its clients, a
failure or inability of the Company or one of its subcontractors to meet a
client's expectations could damage the Company's reputation and adversely affect
its ability to attract new business. Although the Company generally attempts to
limit its liability by contractual terms, the failure of a significant project
could lead to claims by a client for economic damages. In addition, the failure
of a project or the failure of the Company to collect a large account receivable
could also result in significant financial exposure to the Company, which could
have a material adverse effect on the Company's business, financial condition
and results of operations. From inception through March 31, 1999, the Company
has written off accounts receivable totaling approximately $2.8 million which it
could not collect.

TECHNOLOGICAL ADVANCES

     The Company's success will depend in part on its ability to develop
strategic business and IT solutions which keep pace with continuing changes in
industry standards, IT and client preferences. There can be no assurance that
the Company will be successful in addressing these developments on a timely
basis or that, if addressed, the Company will be successful in the marketplace.
The Company's delay in addressing or failure to address these developments could
have a material adverse effect on the Company's business, financial condition
and results of operations.

COMPETITION

     The management consulting and systems integration services markets include
a large number of participants, are subject to rapid changes and are highly
competitive. The Company competes with, and faces potential competition for
client assignments and experienced personnel from, a number of companies that
have significantly greater financial,

<PAGE>   3
technical and marketing resources, greater name recognition, and greater
revenues than the Company. The Company believes that the principal competitive
factors in the segment of the consulting industry in which the Company competes
include scope of services, service delivery approach, technical and industry
expertise, perceived value, objectivity and results orientation. The Company
believes that its ability to compete also depends in part on a number of
competitive factors outside of its control, including the ability of its
competitors to hire, retain and motivate senior project managers, the price at
which others offer comparable services, and the extent of its competitors'
responsiveness to customer needs. There can be no assurance that the Company
will be able to compete successfully with its competitors in the future.

LIQUIDITY

     The Company was not profitable in the first two quarters of fiscal 1997.
While the Company has been profitable since the third quarter of fiscal 1997,
there can be no assurance that the Company will continue to be profitable in the
future. The Company believes that existing cash resources, the amounts available
under its revolving line of credit and cash generated from operations will be
sufficient to satisfy its operating cash needs for at least the next 12 months.
Any future decreases in its operating income, cash flow, or stockholders' equity
may impair the Company's future ability to raise additional funds to finance
operations. There can be no assurance that the Company will in the future
maintain adequate liquidity to support its operations.

POSSIBLE VOLATILITY OF STOCK PRICE

     The Class A Common Stock of the Company has been listed on the Nasdaq
National Market since February 1997. The market price of the Class A Common
Stock has experienced variations, ranging from a high of $31.50 to a low of
$5.75, and there can be no assurance that the market price of the Class A Common
Stock will not experience fluctuations in the future or will not fall below such
levels. The market price of the Class A Common Stock could be subject to wide
fluctuations in response to quarterly variations in operating results, changes
in earnings estimates by analysts, announcements of new contracts or service
offerings by the Company or its competitors, general economic or stock market
conditions unrelated to the Company's operating performance or other events or
factors.