LGS Announces Alliance With Sun Microsystems Canada
MARCH 31, 1999 MONTREAL, QUEBEC--LGS Group Inc. (NASDAQ: LGSA) has finalized an alliance with Sun Microsystems of Canada, an industry giant recognized globally for the reliability and flexibility of its computer products and network solutions. Within the framework of this agreement, LGS will act as system integrator implementing projects with Sun products such as workstations, software systems, network solutions as well as the Java(TM) platform. This alliance, in effect for a three-year period, will enable LGS Group to offer an even broader range of services, particularly in the health, customer service and finance sectors. This development is also very positive for risk management, as LGS and Sun have each successfully managed a considerable number of large-scale projects. "With a pool of over 1,000 customers in Canada, skill centres in leading-edge technology activities, as well as major investments in research and development, Sun is certainly a partner of choice for LGS Group," stated LGS Group president Raymond Lafontaine. For its part, Sun is equally pleased with the alliance with LGS Group Inc. Everett Anstey, president of Sun Microsystems of Canada pointed out that, "Our respective business models are such that LGS and Sun will become partners who complement each other, and that are not in competition." LGS Group Inc. (LGSA at NASDAQ, LGS.A at ME) is one of Canada's largest information technology consulting firms specializing in management and systems integration. With annual sales exceeding $134 million in the last financial year and $160 million in the current nine months, LGS employs approximately 2,200 professionals in 19 offices in Canada, the United States and Europe. The company is active in most 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. |