Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Y2K (Year 2000) Stocks: An Investment Discussion -- Ignore unavailable to you. Want to Upgrade?

To: BM who wrote (12499)	7/29/1998 10:40:00 PM
From: BM	Respond to of 13949

CGI Group Signs Two Contracts Worth $6.6 Million July 29, 1998 MONTREAL, QUEBEC--CGI today announced that it has signed two contracts worth a total of $6.6 million with Loto-Quebec. As part of the first agreement, CGI will implement the Peoplesoft human resources and pay solution at Loto-Quebec and its subsidiaries. This contract has a total value of $5.4 million. "CGI is the first information technology firm to sign an agreement for the implementation of an integrated enterprise resource planning system (ERP) with a public sector organization in Quebec," said Jean Brassard, CGI's President and COO. "We are proud of this achievement." As the project's main contractor, CGI has acquired equipment and the Peoplesoft license, and will take responsibility for implementing the client's solution. In addition, CGI will provide support and maintenance services over a four-year period as well as operate the development server. The second contract, to be carried out for the Societe des casinos du Quebec, has a value of $1.2 million. It involves developing a client/server management system. CGI will also ensure the business solution's evolution and update the systems over a one-year period, with an option for an additional two-year term. Loto-Quebec is a public sector organization, founded in 1969, which operates, directly or through its subsidiaries, various lotteries, gambling and gaming products. Its subsidiaries include the Societe des casinos du Quebec, the Societe des loteries-video du Quebec, the Societe des bingos du Quebec and Resto-Casino Inc. CGI is the largest independent information technology consulting firm in Canada and the sixth largest in North America. It provides end-to-end IT services and business solutions to some 2,000 clients in Canada, the United States and 20 countries around the world. CGI has more than 7,500 professionals, an annualized revenue-run rate of more than $1.1 billion and an order backlog totalling approximately $6 billion. CGI's shares (GIB.A) are included in The Toronto Stock Exchange's TSE 300 Composite and TSE 200 indexes. Website address: www.cgi.ca. FOR FURTHER INFORMATION PLEASE CONTACT: CGI Ronald White Public Affairs (514) 841-3200