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To: SOROS who wrote (592)	10/7/1998 9:35:00 AM
From: BM	Respond to of 1151

Informission contract with Convertix Corp. OCTOBER 7, 1998 Informission Group Signs Major Contract Revenues To Exceed $ 4 Million MONTREAL, QUEBEC--Informission Group Inc., announced today the signing of a contract with Convertix Corporation. This contract has a minimum revenue stream of $4 million, but could result in revenues up to $8 million. Most of the conversion process will be completed at Informission's Excellence Center in Canada. This contract permits Convertix to market Informission Group's RECYC-ENTERPRISE(TM) software solutions and Excellence Center services to its clients. Convertix is a wholly-owned subsidiary of Circuit International Corporation (CIC) engaging in system re-engineering. The corporation focuses on IT services in the financial and governmental sectors. Convertix intends to market Informission's solutions to its clients in Australia, New Zealand, Taiwan, China, Indonesia, Philippines, North and South Korea, Hong Kong, Malaysia and Singapore. "Informission Group has demonstrated high-quality work and excellent service in numerous Year 2000 conversion projects for its clients," said Terry Chang, Principal, Technical and Client Services at Convertix Corporation. "The RECYC2000(TM) solution, part of the RECYC-ENTERPRISE(TM) suite of tools is flexible enough to handle the idiosyncrasies of our Asian-Pacific market. "This makes our choice to partner with Informission Group quite obvious." "This new partnership reinforces Informission's continued effort to expand its business internationally," stated Informission Group CEO-President Jacques Topping, whose company has 17 strategic partners in 9 countries. "There is a significant demand internationally for a highly-automated solution such as ours. This contract marks the first in a series of conversion and migration projects for Informission in the Asian Pacific market." RECYC-ENTERPRISE(TM) is Informission Group's flagship product for legacy system modernization. It includes several modules: - RECYC2000(TM), a leading solution addressing the Year 2000 conversion problem; - RECYC2000-AUDIT(TM), created for companies who wish to ensure their conversion work is Year-2000 compliant; - RECYC-EURO(TM), designed to address the transition to a single European currency; - RECYC-ASSIST(TM), a new tool which helps renovate and test applications in Year-2000, Euro, or other projects requiring major changes to applications; and - RECYC-WEB OBJECT FACTORY(TM), a software product oriented towards modernizing legacy systems and enabling faster and smoother transitions to Web-based applications. Informission Group Inc. Informission Group Inc. is an information technology company providing proprietary re-engineering and telecommunication software as well as system integration solutions. Informission Group reported revenues of $19.5 million for the nine month period ending August 31, 1998 compared to $8.3 million for the same period a year ago. This continuing growth in revenues was accompanied by an increase in net earnings of 343 percent to $2.7 million compared to $0.6 million last year. Earnings per share, meanwhile, more than tripled to $0.24 compared to $0.07. Last year, Informission Group was selected one of the 50 best-managed private companies in Canada by Arthur Andersen and the Financial Post. The Company was certified ISO 9001 in 1995.