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Gold/Mining/Energy : CGI Group (GIB.A) -

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To: BM who wrote (91)9/11/1997 2:13:00 PM
From: toccodolce   of 1673
 
To All:

This is the latest press release from CGI Group. I received it this
afternoon.

Agreement finalized between Westburne and CGI

CGI Group Inc (The) GIB.A
Shares issued 5,271,423 Sep 10 close $35.00
Thu 11 Sept 97 News Release
See Westburne Inc (WBI) News Release
Mr John Hanna reports
Westburne and The CGI Group have today executed the formal contract for the management by CGI of all of Westburne's Information Technology Services. CGI will manage applications development and maintenance as well as information technology facilities.
This outsourcing agreement is for a period of 10 years and allows for estimated revenue of $20 to $25 million per year for CGI. As part of the agreement Westburne received from CGI 250,000 subordinate class A shares of CGI, which is the equivalent of the 125,000 shares of CGI (before the share split) offered in CGI's proposal of last April.
(c) Copyright 1997 Canjex Publishing Ltd. canada-stockwatch.com
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