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Technology Stocks : Cognicase (COGI, T.COG) - Integrated IT Solutions -- Ignore unavailable to you. Want to Upgrade?

To: Gilbert Drapeau who wrote (652)	6/15/1999 2:18:00 PM
From: Gilbert Drapeau	Read Replies (2) \| Respond to of 843

COGNICASE Announces an Important Contract With Locabel, a Leasing Subsidiary of the BBL (Bank Brussels Lambert) of Belgium JUNE 15, 1999 MONTREAL, QUEBEC--COGNICASE Inc. announces a new contract in the E- Commerce industry in Europe that is valued at U.S.$550,000. The Company's European subsidiary, Nat Systems, in sub-contracting collaboration with its partner Comexis, has just completed, to the customer's great satisfaction, a beta release of transactional applications development for Locabel's Web site. Locabel is one of the biggest leasing companies in Belgium and a member of BBL (Bank Brussels Lambert, ING Group), the second private bank of Belgium. Locabel uses NatWeb(TM) and NatStar(TM) software, products of Nat Systems, a wholly owned subsidiary of COGNICASE, to create its Web site and set up its E-commerce applications (reference lists, offers of service, client information system and vendor information system). Nat Systems has a base of 6,500 licensees, more than 550 customers and more than 300,000 developers around the world using its products. The company provides advanced application development software solutions and services for Web-based and client/server environments. "E-Commerce is a strategic field in which COGNICASE wants to build business partnerships with its clients" stated Ronald Brisebois, President and CEO of COGNICASE. "The relationship of trust that exists between the partners, the well-designed and reusable architecture as well as the expertise of the team at mastering the tools constitute the strength and success of this project." Founded in 1961, Locabel is one of the most important leasing companies in Belgium and operates in all the sectors of the leasing market: automobiles and transport vehicles, industrial equipment, computers and IT equipment, telecommunications and real estate. Locabel is a subsidiary of BBL (Bank Brussels Lambert) one of the most important private bank in Belgium which since 1998 belongs to the group ING (International Nederlandse Groep). This group ranks twelfth in Europe and is placed among the top 30 banks in the world. Its strategy is based on the identification of products and the marketing of different types of leasing and rentals. Founded in 1991, COGNICASE is an international provider of value- added information technology consulting services, solutions and software. The company offers a full range of IT solutions including complete and partial outsourcing, WEB/E-commerce development, ERP implementation, client/server application development, network architecture, management and development of client/server software, Web-based development tools, as well as software for automated internet application conversion and platform migration. The company has over 2,300 professionals serving customers from offices located in 15 cities in North America, Europe and Australia. This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 (US), which involve risks and uncertainties. As a result of a number of factors, including factors that the Company may not currently foresee, the Company's actual results could differ materially from those set forth in the forward-looking statements. Certain other factors that might cause the Company's actual results to differ materially from the forward-looking statements include the Company's ability to (i) successfully develop additional products and services and new applications for its existing products and services and otherwise respond to rapid changes in technology, (ii) successfully compete in its industry for customers and developers and other personnel with expertise in information technology, (iii) successfully identify and consummate acquisitions on favorable terms and integrate acquired businesses, and (iv) successfully manage its growth and changing business, as well as those factors set forth under the heading "Risk Factors" in its 1998 annual report.