To: Fouad Nahas who wrote (1628 ) 6/26/2000 9:41:00 AM From: Gilbert Drapeau Read Replies (2) | Respond to of 1673
CGI Group Loses 28.66% On News Of Earnings VANCOUVER, BRITISH COLUMBIA--JUNE 26, 2000--EquityAlert.com, Inc. (www.equityalert.com), one of the largest re-distributors of public company and mutual fund news alerts, today forwarded free real-time news alerts on a wide range of Toronto Stock Exchange (TSE) stocks. Among the active issues in the news on Friday, June 23rd, was CGI Group Inc. (TSE: GIBa). The Company lost 28.66% after it announced that, based on current information, its third quarter revenue and earnings per share will be below analysts' consensus estimates. Revenue for the third quarter is expected to be between $315 and $325 million, which is lower than market expectations. Earnings per share are expected to be between $0.02 and $0.04. Another active issue was International Freegold Mineral Development Inc. (TSE: ITF). The Company announced the acquisition of two additional platinum group metal (PGM) properties in the Sudbury Mining Division in Ontario. The Sudbury area has recently become the focus of an exploration and staking boom, as a result of recent PGM discoveries by other companies in the area. The company currently has working capital of approximately $1,200,000, securities of approximately $2,000,000, and no debt. Additional recent press releases on active Toronto Stock Exchange issues included The Bank of Nova Scotia (TSE: BNS), Mitel Corp. (TSE: MLT) and Royal Bank of Canada (TSE: RY). EquityAlert.com's real time public company news alerts are a free service that allows pro-active investors to receive email news alerts on the stocks they own or plan to own, thus allowing them to take advantage of potentially significant price moves that often follow time-sensitive news announcements. For more information on these and other actively traded issues on all major Canadian and US markets please visit our Web site located at www.equityalert.com. ABOUT EQUITYALERT.COM EquityAlert.com, a wholly owned online asset of EquityAlert.com, Inc. (Symbol: EINC), is a pro-active community of online investors who enjoy a broad suite of free financial news and information, including "live chat," message boards, insider trading, insurance, mortgage and loan information, online banking, consumer credit and charge card products, mutual fund news alerts via email, conference calls, and much more, including EquityAlert's most popular feature - free real time public company news alerts via email. EquityAlert.com's real time public company news alerts are a free service that allows pro-active investors to receive email news alerts on the stocks they own or plan to own, thus allowing them to take advantage of potentially significant price moves that often follow time-sensitive news announcements. For additional information about EquityAlert.com, please visit our Web site at www.equityalert.com or contact Gurm Kundan at 604-659-5009. For advertising information, please contact Mr. Terry Johnston at 877-586-1200 (toll free) or by email at advertising@equityalert.com. This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and section 21E of the Exchange Act of 1934, as amended by Public Law 104-67 and is subject to safe harbor created by these sections. Actual results, performance or achievements could differ materially from those anticipated in such forward-looking statements, which involve numerous risks and uncertainties, including the Company's ability to continually expand its subscriber base and opt-in email lists, market its services to potential advertisers and future acceptance of the Company's services.