To: Gilbert Drapeau who wrote (695 ) 1/5/2000 7:44:00 PM From: Gilbert Drapeau Read Replies (1) | Respond to of 843
COGNICASE Announces Creation of COGNICASE INTERNET TECHNOLOGIES(CIT) JANUARY 5, 2000 MONTREAL, QUEBEC, CANADA--COGNICASE Inc. (Nasdaq: "COGI") announced today the formation of COGNICASE INTERNET TECHNOLOGIES (CIT), a new business unit with a mission to accelerate the creation and development of leading edge software solutions using the latest technologies such as Internet Protocol, cellular and other media. "The establishment of COGNICASE INTERNET TECHNOLOGIES (CIT) is consistent with our business strategy to create IP-based leading edge solutions. By capitalizing on our reverse engineering tools and our search engines which are based on rules and fuzzy logic, we are in a position to offer innovative e-business solutions," stated Ronald Brisebois, President and Chief Executive Officer of COGNICASE. CIT brings together all of COGNICASE's software assets related to the Internet and artificial intelligence. This software is the result of several years of R&D effort and provides the company with a flexible and robust technology base. The CIT team will be headed by Normand Theberge, Chief Internet Technologies. /T/ The following are among the software products being developed by CIT: * CogniWeb V3.5 (NatWeb) consolidates COGNICASE's tools for the creation of Internet, information and transaction sites. It allows for the rapid development of robust, high-performance Internet sites using leading edge technologies such as XML, JAVA 2 and SGBDR. CogniWeb employs Object Orientation (OO) on technology platforms which support NT, Unix and Linux (available in May 2000), among others. * CogniAnalyzer V2.0 is a management tool for companies that operate active e-commerce sites. It collects static and dynamic information on site utilization by virtual customers. Data is analyzed for the production of reports and graphics on the behaviour of Web surfers as well as the performance and robustness of e-commerce sites. * CogniTell V1.6 is used for the conversion of communication protocols as a well as for the translation of messages to enable electronic communication with existing applications. In this way, multi-interface services can be offered providing access to information at any time regardless of location or the technology being used. The next version CogniTell V2.0 (available in June 2000), will allow for personal requests to be made on various networks, including the Internet, with specific rules for each user such as Web surfers. The results of these requests may be forwarded to the user through the Internet, cellular or any other electronic media, according to personal or business needs./T/ "Videotron has been using CogniTell for almost two years for exchanging between different technologies the information required for the management and billing of various cable television and Internet services offered to our customers. As a result, Videotron can integrate new technologies into its large network with greater ease and thereby offer new services to customers more quickly - without having to modify its strategic service management applications," explained Janos Sivo, Executive Vice-President, Videotron Information Systems. Le Groupe Videotron ltee is an integrated communications company with subsidiaries in cable television, telecommunications, Internet services, television production, broadcasting, electronic commerce and remote surveillance. The Company also owns the largest chain of video stores in Quebec. Groupe Videotron is a leader in the development of new technologies, thanks in part to its experience with the Videoway interactive TV system. The Company has 5,000 employees. COGNICASE is among the North American leaders in the implementation of business solutions that leverage information technology, with offices in several major North American and European business centers. Based on its pragmatic approach, productivity tools, international IT engineering and hosting center and critical mass of business and technology experts, COGNICASE offers innovative solutions that contribute to the success of its customers. Its solutions include: implementation of turnkey e-business solutions, ASP services, re-engineering of existing applications for e-business, technology configuration management, as well as project management and business process improvement consulting services. 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.