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Gold/Mining/Energy : LGS Group Inc. Y/2000 -- Ignore unavailable to you. Want to Upgrade?

To: Gilbert Drapeau who wrote (134)	4/15/1999 11:04:00 AM
From: Gilbert Drapeau	Read Replies (1) \| Respond to of 169

LGS Group Wins Important Data Warehouse Contract With the Correctional Service of Canada APRIL 15, 1999 MONTREAL, QUEBEC--LGS Group Inc. is pleased to announce that the company has signed a multi-year multi-million dollar data warehouse contract with the Correctional Service of Canada/National Parole Board to provide corporate data warehousing services. The exact amount of the contract was not disclosed. This project is in keeping with the federal government's strategic direction to promote the sharing of information in order to provide better value to Canadians. This initiative known as the Criminal Justice Information Library will provide Correctional Services Canada/National Parole Board with timely and accurate information to facilitate the reporting and analysis tasks that must be performed in support of the CSC and NPB's mission. Under this contract, LGS will provide data warehousing services for two years initially with three additional one-year options to extend. Revenues from this contract over the expected term could amount to close to 5 percent of LGS' fiscal 1999 revenues. Commenting on this contract, LGS President Raymond Lafontaine emphasized its strategic importance for the company in terms of confirming LGS's leadership in the discipline of information warehousing in the IT industry. LGS Group Inc. (LGSA at NASDAQ, LGS.A at ME) is one of Canada's largest information technology consulting firms specializing in management and systems integration. With annual sales exceeding $134 million in the last financial year and $160 million in the current nine months, LGS employs approximately 2,200 professionals in 19 offices in Canada, the United States and Europe. The company is active in most of the private and public sectors. This release may contain forward-looking statements that involve risks and uncertainties which might cause the actual results to differ materially from those projected. Potential risks and uncertainties include the ability to procure, properly price, retain, and successfully complete projects, the availability of technical personnel, and competition. These risks and uncertainties are discussed under the heading "Risk Management" in the Company's Annual Report.