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Gold/Mining/Energy : GPW Group West Systems Ltd. (Year 2000 Software Company) -- Ignore unavailable to you. Want to Upgrade?

To: AuldDruid who wrote (1415)	9/8/1999 10:58:00 AM
From: RBMac	Read Replies (1) \| Respond to of 1443

Group West Systems Ltd - News Release Group West to provide outsourcing services to ICBC Group West Systems Ltd GPW Shares issued 6,210,229 Sep 7 close $0.98 Wed 8 Sept 99 News Release Mr. Jag Sandhu reports Group West Systems Ltd. has signed an agreement to provide outsourcing services to the Insurance Corporation of British Columbia (ICBC). This agreement is for a two-year period with an option to renew, and will provide outsourcing services for the hardware, operating system and application software comprising ICBC's salvage information management system (SIMS). In addition, Group West will implement a system enhancement strategy that will allow ICBC to take advantage of changes in technology, as well as changes to business processes. These services include continuing SIMS application maintenance and comprehensive operational support services. Enhancements to the system will be governed by a separate agreement. Bill Ste Marie, stated: "Our efforts to position Group West in the mid-range outsourcing market are beginning to show results. We are very pleased that companies like ICBC have the confidence in our ability to manage their systems and keep them current with the latest technology. The growing trend toward outsourcing makes economic sense for ICBC as it does to many other companies we are currently helping." The ICBC salvage information management system was designed and developed to support the basic functions of tracking and disposing of salvage for ICBC. The system supports the operations of salvage yards throughout British Columbia. There are plans under way to introduce electronic remote bidding over the Internet or other wide area networks to allow a broader base of potential buyers to have access to the salvaged automobiles. Other plans to take advantage of e-commerce enhancements to the system are being considered. ICBC is a provincial Crown corporation established in 1973 to provide universal auto insurance to B.C. motorists. ICBC employs over 5,000 people and is responsible for driver services, autoplan services, road safety services, commercial vehicle services, claims services and collections services. (c) Copyright 1999 Canjex Publishing Ltd. canada-stockwatch.com