BCE Emergis Finalizes Arrangements with Bell Canada.

MONTREAL -- BCE Emergis (TSX: IFM)

- Sale of eSecurity practice
- Early termination of Internet access services contract
- Signature of reciprocal preferred supplier agreement

BCE Emergis Inc. (TSX: IFM) today announced that it has closed the sale to Bell Canada of its eSecurity practice and the remaining intellectual property under its agreement with Bell Canada for Internet services, known as the Bell Legacy Contract. The total price for the sale of these assets and early termination of the Bell Legacy Contract was $45 million. Also, BCE Emergis and Bell Canada signed a five-year reciprocal preferred supplier agreement. These transactions were first announced on May 6, 2004 in connection with the sale of BCE Inc.'s interest in BCE Emergis which was completed on June 16.

The BCE Emergis eSecurity practice which was sold relates to government and industry contracts for access, authentication and authorization services distributed by Bell and delivered by BCE Emergis.Other security-related services underlying BCE Emergis' electronic claims, lending and payment service delivery platforms and solutions remain within the company.

The Bell Legacy Contract, which was a three-year agreement with Bell Canada for the distribution by BCE Emergis of Internet access services and extranet services to Bell's business customers, was to terminate on December 31 of this year. As a result of negotiations, the contract terminated on June 30, 2004.

A reciprocal preferred supplier agreement was also signed whereby BCE Emergis is the preferred supplier for the provision of eFinance and eHealth services to Bell Canada and its subsidiaries, both for internal use and for resale. In turn, Bell Canada is the preferred supplier of telecommunications and other services comprised in Bell Canada's suite of enterprise products and services to BCE Emergis, both for internal use and for resale.

About BCE Emergis

BCE Emergis Inc. is a leading North American eBusiness company. Its operations consist of supplying eBusiness solutions to the North American financial services and Canadian health care industries, automating transactions between companies and allowing them to interact and transact electronically. Its leading solutions are centred on claims, loans and payments processing.

BCE Emergis customers include leading Canadian health insurers, top U.S. banks, the top six Canadian banks and a number of North America's largest enterprises. The Company's shares (TSX: IFM) are included in the S&P/TSX Composite Index.

Certain statements made in this press release are forward-looking and are subject to important risks, uncertainties and assumptions. The results or events predicted in these forward-looking statements may differ materially from actual results or events. These statements do not reflect the potential impact of any non-recurring items or of any dispositions, monetizations, mergers, acquisitions, other business combinations or other transactions that may be announced or that may occur after the date hereof.Other factors that could cause results or events to differ materially from current expectations include, among other things: general economic factors, adoption of eBusiness, adoption rate of our solutions by customers, response to industry's rapid pace of change, competition, operating results, success of U.S.-based operations, the change in control following the exchange of BCE Inc.'s subscription receipts for common shares, integration of past acquisitions, failure or material change in our strategic relationships, including our relationship with Bell Canada, exposure under contract indemnities, defects in software or failures in the processing of transactions, security and privacy breaches, key personnel, protection of intellectual property, intellectual property infringement claims, integrity of public key cryptography technology, and industry and government regulation. For additional information with respect to certain of these and other factors, refer to BCE Emergis Inc.'s Annual Report (Management Discussion and Analysis) and the BCE Emergis Inc. Annual Information Form (Risks and Uncertainties) filed with the Canadian securities commissions.

THE FORWARD-LOOKING STATEMENTS CONTAINED IN THIS PRESS RELEASE REPRESENT THE EXPECTATIONS OF BCE EMERGIS INC. AND ITS SUBSIDIARIES AS AT JULY 5, 2004 AND, ACCORDINGLY, ARE SUBJECT TO CHANGE AFTER SUCH DATE. HOWEVER, BCE EMERGIS INC. AND ITS SUBSIDIARIES DISCLAIM ANY INTENTION OR OBLIGATION TO UPDATE OR REVISE ANY FORWARD-LOOKING STATEMENTS, WHETHER AS A RESULT OF NEW INFORMATION, FUTURE EVENTS OR OTHERWISE.