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

To: Gilbert Drapeau who wrote (166)	2/22/2000 9:35:00 AM
From: Gilbert Drapeau	Respond to of 169

LGS Group Announces the Signing of a Contract with the Courvie-Dubeau Network FEBRUARY 22, 2000 MONTREAL, QUEBEC--LGS Group Inc. is pleased to announce it has signed a contract for technology services over $1.5 million with the Courvie-Dubeau network, the most important independent broker in Quebec for mutual funds, life insurance and securities. This three-year contract will allow Courvie-Dubeau to provide the 1,500 independent representatives and consultants who operate on their behalf with computer support services for the entire range of transactional tools at their disposal. As well, the contract provides for outsourcing of management and support for the computer systems used by the 200 employees in the network's various offices throughout Quebec. "The signing of an agreement with one of the companies that have shown the greatest growth in the financial services industry is definitely a development that adds to the already considerable expertise LGS has in this sector," said LGS Group President Raymond Lafontaine, while emphasizing the importance of outsourcing in this domain. Courvie-Dubeau President Rodrigue Julien was pleased "to be able to rely on LGS support for the firm's daily activities and in this way allow Courvie-Dubeau employees to focus on providing services to consultants and agents in the organization." Mr. Julien added that "this agreement represents a key element in the Courvie-Dubeau network growth strategy and that the services associated with this contract will allow the company to differentiate itself further from other brokerage firms, thanks to the support brokers will have as they conduct business." To carry out this contract, LGS is in the process of integrating the very latest systems management practices and technologies and will use the help desk and remote management services of the LGS Technology Help Centre in the Quebec City and Montreal areas. The agreement also provides for LGS to be involved in other projects, mainly to develop applications for Customer Relationship Management (CRM) and portfolio management. BRM Capital Corporation, a subsidiary of the limited partnership corporation Capital Cartier, announced last December the acquisition of the shares of Gestion Courvie, a financial services brokerage firm with over $3.5 billion under management in mutual funds and securities, and with insurance premiums of over $20 million annually. Gestion Courvie-Dubeau has over 200 employees located in Quebec, New Brunswick and Ontario. (CDNX: BMK). LGS Group Inc. (LGSA at NASDAQ, LGS.A at TSE) is one of Canada's largest information technology consulting firms specializing in management and systems integration. With annual sales of $230 million in the financial year ended March 31, 1999, LGS currently employs more than 2,000 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.