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Gold/Mining/Energy : LGS Group Inc. Y/2000 -- Ignore unavailable to you. Want to Upgrade?

To: Gilbert Drapeau who wrote (147)	7/13/1999 10:42:00 AM
From: Gilbert Drapeau	Read Replies (1) \| Respond to of 169

LGS Group Completes BlueChip Informatica S.R.L.Acquisition JULY 13, 1999 MONTREAL, QUEBEC--LGS Group Inc. announces that it has completed the acquisition of BlueChip Informatica S.R.L., an information technology (IT) services and consulting firm headquartered in Verona, Italy for a total cash consideration of $3.6 million. BlueChip, with annual sales of over $4 million and 40 professionals, specializes in providing Customer Relationship Management (CRM) solutions and IT consulting services, with a focus in the pharmaceutical and food industries. This acquisition follows an important contract in Italy signed recently by LGS with Coop Italia, the largest Italian retailer. "This acquisition allows us to better serve Coop Italia and also broadens our client base in Europe", commented Raymond Lafontaine, President of LGS Group. The company already has operations in France and Switzerland. For his part, Marco Bonesini, President of BlueChip added: "LGS brings financial and commercial strength to BlueChip and allows us to offer additional services to our clients such as electronic commerce business solutions". 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 of $230 million, LGS employs more than 2,200 professionals in 20 offices in Canada, the United States and Europe. The company is active in most areas 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.