LGS Group Makes Statement
FEBRUARY 9, 2000
MONTREAL, QUEBEC--At the request of the Toronto Stock Exchange,
due to the recent activity on its shares, LGS Group Inc. states
that there is no new material information to report other than the
release early next week of its third quarter results, which will
not meet current market expectations.
LGS Group Inc. (LGSA at NASDAQ, LGS.A at TSE) is one of Canada's
largest information technology consulting firms specializing in
management and systems integration. With annual sales of $230
million in the financial year ended March 31, 1999, LGS currently
employs more than 2,000 professionals in 20 offices in Canada, the
United States and Europe. The company is active in most areas of
the private and public sectors.
This release may contain forward-looking statements that involve
risks and uncertainties which might cause the actual results to
differ materially from those projected. Potential risks and
uncertainties include the ability to procure, properly price,
retain, and successfully complete projects, the availability of
technical personnel, and competition. These risks and
uncertainties are discussed under the heading "Risk Management" in
the Company's Annual Report. |
