LGS Group Makes Headway in Switzerland With a Euro
Contract
NEWS RELEASE TRANSMITTED BY CANADIAN CORPORATE NEWS
FOR: LGS GROUP INC.
ME SYMBOL: LGS.A
SEPTEMBER 17, 1998
MONTREAL, QUEBEC--LGS Group Inc. is pleased to announce that it
has been awarded by the Swiss corporation Unicible an important
contract related to systems conversion to the new Euro currency.
The contract, for approximately $1.4 million, is critical to
Unicible, since it will allow the company to handle transactions
in Euro, which will be in use next year in Europe.
Unicible is one of Switzerland's most important information
technology groups in the banking industry. Unicible is in charge
of all the electronic transactions for four important cantonal
banks who own the consortium. These banks serve an important
segment of French-speaking customers of Switzerland.
Raymond Lafontaine, President and CEO of LGS, announced the
contract at the annual shareholders' meeting. "Just as for the
Year 2000, LGS is poised to help its clients make the transition
to the Euro", he said.
Andre Gauthier, Senior Executive Vice President, indicated that
this is a significant development for LGS in Switzerland, one
which increases LGS' positioning in Europe and therefore
contributes to the company's objectives of European
diversification and growth. A dozen LGS employees are working on
this project, and this was an incentive for LGS to incorporate in
Switzerland, in Lausanne.
LGS Group is one of Canada's largest information technology
consulting firms specializing in management and systems
integration. With annual sales exceeding $134 million, LGS
employs approximately 1,600 professionals in 16 offices in Canada
and Europe. The company is active in most of the private and
public sectors.
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