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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 (636)	4/23/1999 3:36:00 PM
From: Josef Svejk	Read Replies (1) \| Respond to of 843

Humbly report, All, e-mail just received: April 23, 1999 I N V I T A T I O N Madam, Sir: COGNICASE invites you to a conference call at 10:00 A.M. Eastern Standard Time on Thursday, April 29, 1999, for the release of its second quarter results for fiscal 1999. The press release will be issued at 8:00 A.M. Your hosts will be Ronald Brisebois, President and Chief Executive Officer, and Marc Lamy, Chief Financial Officer. To join us, please call 1-800-478-9326 from Montreal, Toronto or the United States. If you are unable to attend, the conference will be recorded and re-broadcast until Saturday, May 1st at the following number: 1-800-408-3053. Your access code is 263354. Marc Lamy Chief Financial Officer Cheers, Svejk proofsheet.com

To: Gilbert Drapeau who wrote (636)	4/29/1999 9:12:00 AM
From: Gilbert Drapeau	Read Replies (2) \| Respond to of 843

COGNICASE Reports 148 Percent Increase in net Earnings for Second Quarter of Fiscal 1999 APRIL 29, 1999 MONTREAL, QUEBEC--COGNICASE Inc. (Nasdaq: "COGI") today announced results for the second quarter and first six months ended March 31, 1999. All dollar amounts are expressed in U.S. dollars. Revenues increased 249 percent to US$36,028,000 in the second quarter of fiscal 1999 compared to US$10,319,000 in the corresponding period in 1998. Net earnings excluding unrealized foreign exchange gains and losses rose 148 percent to US$3,499,000 ($0.24 per share) compared to US$1,413,000 ($0.11 per share) in the previous year. For the first six months, revenues increased nearly fivefold to US$70,941,000 in fiscal 1999 compared to US$14,403,000 last year. Net earnings excluding foreign exchange gains and losses rose almost threefold to US$6,460,000 compared to US$2,193,000 in the corresponding 1998 period. "We are very pleased with our second quarter results and our continuing success in building a sustainable and expanding revenue base in high-growth sectors of the information technology industry," said Ronald Brisebois, President and Chief Executive Officer. "Our earnings growth demonstrates our ability to successfully integrate acquisitions, exploit cross-selling opportunities to increase revenues and achieve cost synergies to maintain strong margins." During the second quarter and subsequently, three acquisitions were completed, two in Canada and one in France. The aggregate annual revenues of these three companies prior to acquisition totaled about US$17 million. With their integration and internal growth, COGNICASE's revenue run rate currently stands at approximately US$150 million. Year 2000 solutions represented less than 12 percent of revenues in the second quarter, reflecting the strength and diversification of the Company's revenue mix. This compares with 15 percent in the first quarter of fiscal 1999 and 21 percent in the fourth quarter of the previous year. The Company expects continued decline in this business as a percentage of revenues subsequent quarters. "The outlook for the third quarter is for continuing revenue and earnings growth," added Mr. Brisebois. "Repeat business is strong and our acquisition program is on track. Our discussions with potential candidates are at various stages of advancement." 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. COGNICASE has over 1,900 resources serving customers from business offices in 15 cities in North America, Europe and Australia.