CGI Signs Systems Integration Contracts in the Steel Industry Worth Over CDN$5 Million.Business Editors MONTREAL--(BUSINESS WIRE)--August 1, 2000 CGI CGI in full Common Gateway Interface. Specification by which a Web server passes data between itself and an application program. Typically, a Web user will make a request of the Web server, which in turn passes the request to a CGI application program. (NYSE NYSE See: New York Stock Exchange :GIB See NIST binary. ) (TSE See Tokyo Stock Exchange. TSE 1. See Tokyo Stock Exchange (TSE). 2. See Toronto Stock Exchange (TSE). :GIB.A) today announced the signing of over CDN (Content Delivery Network) A system of distributed content on a large intranet or the public Internet in which copies of content are replicated and cached throughout the network. $5 million in systems integration contracts for its steel solution with US-based Columbus Coatings Company and Columbus Processing Company worth more than CDN$2 million as well as Compaq Thailand for the client SIAM Strip Mill Public Company of Rayong, Thailand worth CDN$3 million. These clients have acquired CGI's business solution for the steel industry which allows them to readily access data concerning production, quality, inventory and sales. CGI's approach enables the steel companies to customize the solution according to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. their specific business needs. The Columbus Coatings Company and the Columbus Processing Company (joint ventures of the largest US steel manufacturers - Bethlehem Steel Corporation and LTV LTV See: Loan-to-value ratio Steel Corporation) selected CGI's solution to handle the business requirements for their hot-dip galvanizing facility. "Based on price and quality of work, CGI was the clear choice for us," said Cal Baxter, general manager, Columbus Coatings Company. "They adhere strickly to their Project Management Framework that guarantees that they will deliver on time and on budget. And that is what we need." And finally, for Thailand-based SIAM Strip Mill Public Company Ltd., a hot strip steel production unit, Compaq Thailand was chosen as systems integrator responsible for providing all hardware and software related to the financial, maintenance and business systems requirements of the client. And Compaq chose CGI to be responsible for implementing and supporting its steel business solution. Jean Brassard, CGI's president and COO added: "We are one of the few information technology consulting Information technology consulting (IT consulting or business and technology services) is a field that focuses on advising businesses on how best to use information technology to meet their business objectives. companies to supply a customized solution to flat rolled minimills and steel processors. As a result of our work in this market, we are well positioned to secure more contracts to support our clients' ongoing growth." About CGI Founded in 1976, CGI is the largest Canadian information technology consulting firm and the fifth largest independent in North America, based on its revenue run rate of CDN$1.3 billion. CGI's order backlog totals CDN$7 billion. CGI has 9,000 professionals and provides end-to-end IT services and business solutions to 2,500 clients in Canada, the United States and 23 countries around the world. CGI's shares are listed on the New York Stock Exchange New York Stock Exchange (NYSE) World's largest marketplace for securities. The exchange began as an informal meeting of 24 men in 1792 on what is now Wall Street in New York City. (GIB), as well as on the Toronto exchange (GIB.A). They are included in the Toronto Stock Exchange's TSE 300 Composite and TSE 100 indexes. Web site: www.cgi.ca. All statements contained in this or any other press release of CGI Group Inc., or in any document filed by the Company with the U.S. Securities and Exchange Commission, or in any other written or oral communication by or on behalf of the Company, that do not directly and exclusively relate to historical facts, constitute "forward-looking statements" within the meaning of the U.S. Private Securities Litigation An action brought in court to enforce a particular right. The act or process of bringing a lawsuit in and of itself; a judicial contest; any dispute. When a person begins a civil lawsuit, the person enters into a process called litigation. Report Act of 1995. These statements represent the Company's expectations and beliefs, and no assurance can be given that the results described in such statements will be achieved. This press release may contain forward-looking statements that involve a number of risks and uncertainties, including statements regarding the outlook for the company's business and results of operations. There are a number of factors that could cause actual results to differ materially from those indicated. Such factors include, without limitation, the various factors set forth in the Company's annual report or Form 40F filed with the SEC and its Annual Information Form filed with Canadian securities commissions, which important factors are included here by reference. |
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