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Gold/Mining/Energy : GPW Group West Systems Ltd. (Year 2000 Software Company)
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To: AuldDruid who wrote (1415)9/8/1999 10:58:00 AM
From: RBMac  Read Replies (1) of 1443
 
Group West Systems Ltd - News Release

Group West to provide outsourcing services to ICBC

Group West Systems Ltd GPW
Shares issued 6,210,229 Sep 7 close $0.98
Wed 8 Sept 99 News Release
Mr. Jag Sandhu reports
Group West Systems Ltd. has signed an agreement to provide outsourcing
services to the Insurance Corporation of British Columbia (ICBC). This
agreement is for a two-year period with an option to renew, and will
provide outsourcing services for the hardware, operating system and
application software comprising ICBC's salvage information management
system (SIMS).
In addition, Group West will implement a system enhancement strategy that
will allow ICBC to take advantage of changes in technology, as well as
changes to business processes. These services include continuing SIMS
application maintenance and comprehensive operational support services.
Enhancements to the system will be governed by a separate agreement.
Bill Ste Marie, stated: "Our efforts to position Group West in the
mid-range outsourcing market are beginning to show results. We are very
pleased that companies like ICBC have the confidence in our ability to
manage their systems and keep them current with the latest technology. The
growing trend toward outsourcing makes economic sense for ICBC as it does
to many other companies we are currently helping."
The ICBC salvage information management system was designed and developed
to support the basic functions of tracking and disposing of salvage for
ICBC. The system supports the operations of salvage yards throughout
British Columbia. There are plans under way to introduce electronic remote
bidding over the Internet or other wide area networks to allow a broader
base of potential buyers to have access to the salvaged automobiles. Other
plans to take advantage of e-commerce enhancements to the system are being
considered.
ICBC is a provincial Crown corporation established in 1973 to provide
universal auto insurance to B.C. motorists. ICBC employs over 5,000 people
and is responsible for driver services, autoplan services, road safety
services, commercial vehicle services, claims services and collections
services.
(c) Copyright 1999 Canjex Publishing Ltd. canada-stockwatch.com
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