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Gold/Mining/Energy : GEAC.....Canadian best kept secret

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To: dug_s who wrote (1424)10/5/2000 7:40:23 PM
From: dug_s   of 1571
 
Wednesday October 4, 1:02 pm Eastern Time

Press Release

Regional Municipality of Niagara Awards ASP Contract to Pyramaz

Support Will Enhance Niagara's Use of Geac SmartStream® Financials Applications

ATLANTA--(BUSINESS WIRE)--Oct. 4, 2000-- Pyramaz(TM), a division of Geac Computer Corporation Limited (TSE: GAC - news), announced today that it will provide remote application management services to the Canadian Regional Municipality of Niagara under the terms of a three-year contract.

Pyramaz will provide all application and production support for Geac Enterprise Solutions'(TM) SmartStream® Accounting suite, in support of the Region's commitment to enhance the quality of its services to the community.

According to Shafee R. Bacchus, Director of Corporate Services for the Regional Municipality of Niagara, ``It is our goal to always strive for new ways to improve
services to the Region and its constituents. Our complex financial environment calls for a rich and flexible accounting solution which Geac's SmartStream Accounting
application provides. Working with Pyramaz will allow us to leverage the power of SmartStream while reducing the direct cost of supporting such a powerful system. Our people can then focus on improving services with confidence.''

Steve Shine, President of Pyramaz stated that ``We are very happy to have this opportunity to build a partnership with the Regional Municipality of Niagara. Forward thinking organizations increasingly realize that the systems used to run internal operations should be treated as services they can subscribe to, allowing them to concentrate on their core objectives. Pyramaz's services offering, using the power of SmartStream, is ideally suited to the Region's financial management requirements.''

About Region of Niagara

Located in the province of Ontario, the Canadian Regional Municipality of Niagara is the local government entity for 12 municipalities, including Niagara Falls, St. Catherines and Welland. The regional municipality was formed in 1970 by an act of the provincial legislature and is composed of a number of departments, including public health and works, police and community and planning services.

About Pyramaz

Pyramaz is the Application Services Provider (ASP) of Geac's ERP e-business infrastructure solutions, including client/server (SmartStream and SQL Financials),
mainframe (E Series and M Series) and AS/400 (System 21 and GeacStyle) product suites. Pyramaz's e-Purchase provides full-service Web procurement solutions including access to a host of digital catalog services. Other Pyramaz services include AppCare, HostCare and ProcessCare. Additional information about Pyramaz is available at pyramaz.com.

About Geac

Geac Computer Corporation Limited (``Geac'') is a provider of mission-critical software and systems solutions to corporations around the world. Geac solutions include
cross-industry enterprise business applications for financial administration and human resources functions, and enterprise resource planning applications for manufacturing, distribution and supply chain management. In addition, Geac provides industry applications to the hospitality, property and publishing marketplaces, as well as a wide range of applications for libraries and public administration. Headquartered in Toronto, Canada, Geac ranks as one of the world's largest software companies. Further information is available on the World Wide Web at geac.com, or through e-mail at info@geac.com.

This press release contains forward-looking statements based on current expectations. These forward-looking statements entail various risks and uncertainties that could cause actual results to differ materially from those reflected in these forward-looking statements. Risks and uncertainties about the Company's business are more fully discussed in Management Discussion and Analysis published in the Company's annual report.
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