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Gold/Mining/Energy : CGI Group (GIB.A) - -- Ignore unavailable to you. Want to Upgrade?

To: Gilbert Drapeau who wrote (760)	10/1/1998 12:33:00 PM
From: Jean-Robert Grenier	Respond to of 1673

Great news Gilbert in a turmoil period ! Never know what will get out of it! Au revoir Jean-Robert

To: Gilbert Drapeau who wrote (760)	10/7/1998 11:16:00 AM
From: Gilbert Drapeau	Read Replies (1) \| Respond to of 1673

CGI Group Lists On New York Stock Exchange RELEASE TRANSMITTED BY CANADIAN CORPORATE NEWS FOR: CGI GROUP INC. TSE, ME SYMBOL: GIB.A NYSE SYMBOL: GIB OCTOBER 7, 1998 MONTREAL, QUEBEC--CGI Group Inc. announced today that its Class A Common Stock began trading on the New York Stock Exchange under the trading symbol "GIB". "The listing of CGI shares on the New York Stock Exchange is an important step which supports our growth plans not only in the United States, but also internationally," said Serge Godin, Chairman and Chief Executive Officer of CGI Group. "This listing is part of our strategy to further broaden our business and investor base in North America. "Only 12.5 percent of CGI's total revenue currently is generated in the United States, the largest IT services market in the world. As the sixth largest IT services company in North America, based on our annualized revenue run rate of CA $1.2 billion (US $785 million), we see significant opportunities in the United States where we can leverage our critical mass and business strengths to increase our U.S. sales. "Through a combination of internal growth and acquisitions, our U.S. strategy initially will focus on the financial services sector, where we currently rank as the third largest IT services provider to the property and casualty industry in North America. We will build on our expertise in this industry while also leveraging our strengths in retail banking solutions and our capability to provide full IT outsourcing services," said Mr. Godin. As the result of an acquisition in 1997, CGI has more than 120 property and casualty insurance clients in North America, including 14 of the 25 largest in the industry. "Our strong balance sheet, our expertise in six economic sectors including financial services, and our ISO 9001 business practices, give us the ability to grow CGI into a major competitor in the U.S. IT services market place, which we intend to do," continued Mr. Godin. "CGI is the only end-to-end IT services player that has ISO 9001 registered processes in the key areas of IT systems integration and outsourcing, and this is important for winning major contracts as well as for successfully integrating clients' outsourcing operations, and acquisitions. "Organizations world wide recognize the competitive imperative of using information technology strategically, and increasingly they want to partner with external IT specialists and focus their own efforts and capital on their core businesses," said Mr. Godin. "Change brought on by industry deregulation, consolidation, globalization and other factors leads to even stronger demand for IT services. Today's economic environment has not changed our business outlook." CGI currently has 116,048,848 Class A subordinate shares issued and outstanding. The company's shares are also listed on the Toronto Stock Exchange and The Montreal Exchange under the trading symbol GIB.A. CGI is the sixth largest information technology services companies in North America, based on its revenue run rate of Cdn$1.2 billion (U.S. $785 million), and one of the fastest growing. CGI has an order backlog totalling approximately CA $6.5 billion (US $4.2 billion). The company has 7,500 employees who provide end-to-end IT services and business solutions to some 2,000 clients in six target business sectors in Canada, the United States and in 20 countries around the world. The Company emphasizes strategic assignments, which represent 80 percent of revenue - 55 percent from outsourcing, 15 percent from systems integration and 10 percent from consulting. The remaining 20 percent of revenue is from facilities management. All statements contained in this or any other press release of CGI Group Inc., or in any document filed by the Company with the U.S. Securities and Exchange Commission, or in any other written or oral communication by or on behalf of the company, that do not directly and exclusively relate to historical facts, constitute "forward looking statements" within the meaning of the U.S. Private Securities Litigation Report Act of 1995. These statements represent the Company's expectations and beliefs, and no assurance can be given that the results described in such statements will beachieved. This press release may contain forward looking statements that involve a number of risks and uncertainties, including statements regarding the outlook for the company's business and results of operations. There are a number of factors that could cause actual results to differ materially from those indicated. Such factors include, without limitation, the various factors set forth in the Company's annual report or Form 40F filed with the SEC and its Annual Information Form filed with Canadian securities commissions, which important factors are included here by reference. Video footage is available to TV networks and local affiliates within the continental U.S. and Canada by fiberline satellite from 2:30 p.m. to 2:45 p.m. E.S.T. at coordinates: Telstar 4 C-Band - Transponder 20 Note to Print media: A photo of this event will be available from Associated Photography Services this afternoon. Other CGI photos can be obtained free of charge from CGI Public Affairs at 514-841-3200.