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

To: Gilbert Drapeau who wrote (150)	8/9/1999 11:09:00 AM
From: Gilbert Drapeau	Read Replies (3) \| Respond to of 169

LGS Group Announces an Increase in Revenue and Earnings AUGUST 9, 1999 MONTREAL, QUEBEC--For the first quarter ended June 30, 1999, LGS Group Inc. posted revenue of $63.6 million, an increase of 33 percent compared to revenue of $47.7 million reached in the corresponding quarter in the previous fiscal year. Net earnings grew to $2.2 million compared to last year's $1.9 million. Net earnings per share, however, stood at 17.4 cents, compared to 18.4 cents last year, while the weighted average number of shares outstanding increased from 10.1 million in 1998 to 12.8 million in1999. The first quarter of fiscal 2000, although up compared to the corresponding quarter in 1999, shows signs of slowing down when compared with the fourth quarter of 1999, the result of circumstances that stand to affect all information technology services providers. According to Andre Gauthier, senior executive vice president of LGS Group Inc., this slowdown is related to the fact that many clients have put any new IT projects on the back burner so that they can deal with unexpected fallout associated with the new millennium. Mr. Gauthier also believes that LGS will likely feel the impact of this in the second quarter. However, industry observers forecast recovery before the end of our fiscal year. "Furthermore, highlighted Raymond Lafontaine, president of LGS Group, the company is showing profit in its European activities, which brought in 1.5 cents per share. We also acquired BlueChip Informatica, in Verona, Italy. Over the past quarter we have accelerated sales efforts among customers of our new electronic business unit and launched a new specialized practice in the area of customer relations management (CRM), following on the heels of our strategic partnersip agreement with Siebel." LGS Group Inc. is one of the top consulting companies in information technology in Canada and specializes in systems management and integration. LGS, with annual revenues over $230 million, has a professional work force of over 2,200 in 20 offices located in Canada, the United States and Europe. The company is active in many public and private sectors. This release may contain statements about the future that involve risks and uncertainties that might affect the projected results. Among the potential risks and uncertainties is the capacity to supply services, to set prices, to keep mandates and successfully complete them, the availability of technical staff, and competition. These risks and uncertainties are discussed in the LGS Annual Report under the heading Risk Management.

To: Gilbert Drapeau who wrote (150)	9/2/1999 9:33:00 AM
From: Gilbert Drapeau	Respond to of 169

LGS Group Targets $1 Billion in Sales : The Company Announces Contracts in the U.S.A SEPTEMBER 2, 1999 MONTREAL, QUEBEC--At LGS Group Inc.'s (NASDAQ: LGSA) annual meeting held today, the company unveiled its goal of achieving $1 billion in sales within the next five years. "This strategy is based on vigorous internal growth and carefully selected acquisitions," said Raymond Lafontaine, President of LGS Group. Excluding Year-2000 related activities, LGS experienced compound annual growth of 33 percent since 1997. During the last fiscal year, the increase in revenue not related to new millennium work was 42 percent for total sales of $230.1 million. "In the coming years, LGS has set a target of 35 percent compound annual growth before any acquisitions," added Mr. Lafontaine. The company is counting on its expertise in electronic commerce as well as development of its Customer Relationship Management practice to enable it to reach its objectives. LGS also announced today a number of key contracts at its Washington office. Contracts valued at close to U.S. $2 million were recently signed with several U.S. government agencies. Senior executive vice-president Andre Gauthier outlined the growth in LGS' North American activities by 32.2 percent during the first quarter ended on June 30, 1999. "The situation also picked up in Europe, where we had a 40 percent increase in revenue during the quarter," he said. 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.