COGNICASE Announces an Important Contract With Locabel, a
Leasing Subsidiary of the BBL (Bank Brussels Lambert) of Belgium
JUNE 15, 1999
MONTREAL, QUEBEC--COGNICASE Inc. announces a new contract in the
E- Commerce industry in Europe that is valued at U.S.$550,000.
The Company's European subsidiary, Nat Systems, in sub-contracting
collaboration with its partner Comexis, has just completed, to the
customer's great satisfaction, a beta release of transactional
applications development for Locabel's Web site. Locabel is one
of the biggest leasing companies in Belgium and a member of BBL
(Bank Brussels Lambert, ING Group), the second private bank of Belgium.
Locabel uses NatWeb(TM) and NatStar(TM) software, products of Nat
Systems, a wholly owned subsidiary of COGNICASE, to create its Web
site and set up its E-commerce applications (reference lists,
offers of service, client information system and vendor
information system). Nat Systems has a base of 6,500 licensees,
more than 550 customers and more than 300,000 developers around
the world using its products. The company provides advanced
application development software solutions and services for
Web-based and client/server environments.
"E-Commerce is a strategic field in which COGNICASE wants to build
business partnerships with its clients" stated Ronald Brisebois,
President and CEO of COGNICASE. "The relationship of trust that
exists between the partners, the well-designed and reusable
architecture as well as the expertise of the team at mastering the
tools constitute the strength and success of this project."
Founded in 1961, Locabel is one of the most important leasing
companies in Belgium and operates in all the sectors of the
leasing market: automobiles and transport vehicles, industrial
equipment, computers and IT equipment, telecommunications and real
estate. Locabel is a subsidiary of BBL (Bank Brussels Lambert)
one of the most important private bank in Belgium which since 1998
belongs to the group ING (International Nederlandse Groep). This
group ranks twelfth in Europe and is placed among the top 30 banks
in the world. Its strategy is based on the identification of
products and the marketing of different types of leasing and rentals.
Founded in 1991, COGNICASE is an international provider of value-
added information technology consulting services, solutions and
software. The company offers a full range of IT solutions
including complete and partial outsourcing, WEB/E-commerce
development, ERP implementation, client/server application
development, network architecture, management and development of
client/server software, Web-based development tools, as well as
software for automated internet application conversion and
platform migration. The company has over 2,300 professionals
serving customers from offices located in 15 cities in North
America, Europe and Australia.
This press release contains forward-looking statements within the
meaning of the Private Securities Litigation Reform Act of 1995
(US), which involve risks and uncertainties. As a result of a
number of factors, including factors that the Company may not
currently foresee, the Company's actual results could differ
materially from those set forth in the forward-looking statements.
Certain other factors that might cause the Company's actual
results to differ materially from the forward-looking statements
include the Company's ability to (i) successfully develop
additional products and services and new applications for its
existing products and services and otherwise respond to rapid
changes in technology, (ii) successfully compete in its industry
for customers and developers and other personnel with expertise in
information technology, (iii) successfully identify and consummate
acquisitions on favorable terms and integrate acquired businesses,
and (iv) successfully manage its growth and changing business, as
well as those factors set forth under the heading "Risk Factors"
in its 1998 annual report. |
