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Technology Stocks : Cognicase (COGI, T.COG) - Integrated IT Solutions -- Ignore unavailable to you. Want to Upgrade?

To: Gilbert Drapeau who wrote (626)	3/19/1999 8:56:00 AM
From: Lenny Ehn	Read Replies (2) \| Respond to of 843

It appears that COGIF has not traded at all for a couple of days. Does anyone know the reason? Thanks in advance. Len

To: Gilbert Drapeau who wrote (626)	4/1/1999 10:12:00 AM
From: Gilbert Drapeau	Respond to of 843

COGNICASE Increases Presence in Quebec City Through APRIL 1, 1999 Acquisition of Groupe de Consultation en Management et Systemes Informatiques MSI Inc. MONTREAL, QUEBEC--COGNICASE Inc. (Nasdaq: "COGI") announces that it has acquired GROUPE DE CONSULTATION EN MANAGEMENT ET SYSTEMES INFORMATIQUES MSI INC., an information technologies (IT) and information systems consulting firm headquartered in Quebec City and with an office in Montreal, Canada, with sales of 10 million dollars (US$ 7 million) and more than 140 IT professionals. MSI specializes in computer engineering, with a strong focus on Web and Oracle developments. "MSI is a profitable and rapidly growing IT firm holding a favourable position in the Quebec City market," stated Ronald Brisebois, President and Chief Executive Officer of COGNICASE. "This will allow us to consolidate our franchise providing consulting services and software in Quebec's capital and to better serve our clients in the public services". MSI's main customers include Desjardins Group, Industrial Alliance, The Quebec Blue Cross, Societe de l'assurance automobile du Quebec, Fisheries and Oceans Canada, Financiere Courvie and Microcell Telecom. Jacques Boivin, President of MSI, added: "COGNICASE will bring financial and commercial strengths to our development. This will allow us to establish a significant presence in E-commerce implementation solutions, increase our critical mass so as to optimize the management infrastructure and enable us to undertake projects on a much larger scale". Founded in 1991, COGNICASE is an international provider of value- added information technology consulting services, solutions and software. The company offers a full range of IT solutions including outsourcing, ERP implementation, application development, WEB/E-commerce development, network architecture, management and application development software for client/server and Web-based application, as well as software for automated software conversion, platform migration and IT outsourcing. Following this acquisition, the enterprise will have over 1,900 IT professionals serving customers from business offices in 15 cities in North America, Europe and Australia. This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 (US), which involve risks and uncertainties. As a result of a number of factors, including factors that the Company may not currently foresee, the Company's actual results could differ materially from those set forth in the forward-looking statements. Certain other factors that might cause the Company's actual results to differ materially from the forward-looking statements include the Company's ability to (i) successfully develop additional products and services and new applications for its existing products and services and otherwise respond to rapid changes in technology, (ii) successfully compete in its industry for customers and developers and other personnel with expertise in information technology, (iii) successfully identify and consummate acquisitions on favorable terms and integrate MSI or any other acquired businesses, and (iv) successfully manage its growth and changing business, as well as those factors set forth under the heading "Risk Factors" in its Final Prospectus dated October 2, 1997 as filed with the Securities and Exchange Commission.