Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Gilbert Drapeau who wrote (656)	7/6/1999 4:38:00 PM
From: Gilbert Drapeau	Read Replies (1) \| Respond to of 843

Cognicase Announces a Significant E-Commerce Contract With a Consortium of Companies JULY 6, 1999 MONTREAL, CANADA--COGNICASE Inc. (Nasdaq: "COGI") announces that it has signed a Cdn$700,000 E-commerce contract with a consortium of companies in the telecommunications and energy sectors. COGNICASE was selected to create an innovative large scale application and to provide the technological infrastructure and 7days/24 hours support of the application over the next three years under an outsourcing agreement. To the consortium's satisfaction, COGNICASE has just completed the first phase of the project, which began in January 1999. The mandate involved the design, development and execution of an E-commerce strategic application allowing the group of companies to manage common infrastructure valued at over $160 million and conduct related transactions electronically. The application, based on Internet technology, will be accessed by users from four major public utility companies based in various regions of Quebec. The exchange of data and the settlement of transactions will thus be carried out with more efficiency and integrity thanks to unique Intranet/E-commerce capabilities and processes developed by COGNICASE. "This new contract is consistent with our development strategy, which is aimed at offering our customers solutions that meet their specific needs while enabling them to respond efficiently to the E-commerce challenge," stated Ronald Brisebois, President and Chief Executive Officer of COGNICASE. "E-commerce is a strategic area in which COGNICASE is building business partnerships with customers". "The consortium selected COGNICASE based on its track record in the development of Internet applications and reliable delivery capabilities," said Mr. Dominique Jalbert, Vice-President and Operations Manager of the Quebectel Group. "COGNICASE quickly delivered an application which improved our business processes with the active participation of the users." Additionally, Mr Brisebois is pleased to announce the creation of a new position, Senior Vice-President E-commerce, and the appointment of Mr. Carl Simard as the first incumbent. 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.