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Gold/Mining/Energy : Informission (IFN) -- Ignore unavailable to you. Want to Upgrade?

To: March_fin who wrote (7)	9/22/1998 4:06:00 PM
From: Gilbert Drapeau	Respond to of 15

Informission Group Strengthens Position in National Capital Region 1998/06/12 MONTREAL, QUEBEC--Informission Group Inc. announced today the opening of an office in Ottawa as part of its strategy to better serve government organizations and large public-sector clients in the Canada's national capital region. Through this office, Informission will offer its system re- engineering solutions to clients and support strategic partners in the Ottawa area who use the RECYC(TM) suite of tools and technologies for Year 2000 software conversion and other applications. It will also provide software solutions developed by Informission for the specialized field of telecommunications. "The Ottawa market is a natural expansion for Informission, to build our business with the federal government and large private sector organizations in this region," said Dr. Andre Maisonneuve, recently appointed Vice President, National Capital Region, for Informission. "We project revenues exceeding $3 million from this office within the next 12 months." Dr. Maisonneuve will oversee the business operation in the National Capital Region and provide specific contributions to strategic positioning as well as operational planning. Throughout his 25 year career in the IT industry, Dr. Maisonneuve has demonstrated expertise in many fields of technology, including information technology, computer assisted training and multimedia development, and understands both the hardware and software components of the industry. Dr. Maisonneuve will be supported by Jacques Bedard, Vice President, Marketing and Product Development for the Canadian market. Mr. Bedard has 23 years of experience in IT consulting with major systems integrators and expertise in vertical market software development, IT methodologies, IT architecture and strategic IT planning. His mission will be to market Informission Group's solutions directly to clients and to support strategic partners in the nation's capital. With the Ottawa office, Informission now has four offices serving Central and Eastern Canada. The Company plans to open an office in Paris later this year to market and support its complete RECYC(TM) suite of tools and technologies including its RECYC-EURO(TM) solution to address the transition within the European Community to a single European currency. Corporate Profile Informission Group is an information technology company providing innovative and cost effective solutions for the conversion, development and migration of information systems. The Company offers proprietary re-engineering software products and sytems integration solutions to clients located mainly in North America and Europe. RECYC2000(TM), which analyzes and automatically converts source code, is among the leading software solutions addressing the Year 2000 conversion problem. RECYC-EURO(TM) has been developed to address the transition to a single European currency. In 1995, Informission obtained ISO 9001 certification. The company was selected in 1997 as one of the 50 best-managed private companies in Canada by Arthur Andersen and the Financial Post. Informission went public in April 1998 through a $34,5 million equity offering at $10,25 per share.