COGNICASE Announces a US$5 Million Contract.MONTREAL--(BUSINESS WIRE)--June 30, 1998-- COGNICASE(NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :COGIF) (TSE See Tokyo Stock Exchange. TSE 1. See Tokyo Stock Exchange (TSE). 2. See Toronto Stock Exchange (TSE). :COG.) COGNICASE Inc. (Nasdaq: "COGIF") today announced that it has been awarded a US$5 million contract by a Fortune 500 international company headquartered in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. . Under this contract, COGNICASE will be responsible for assessing and remediating applications running on a variety of platforms such as AS/400, MVS (Multiple Virtual Storage) Introduced in 1974, the primary operating system used with IBM mainframes (the others are VM and DOS/VSE). MVS is a batch processing-oriented operating system that manages large amounts of memory and disk space. , and UNIX UNIX Operating system for digital computers, developed by Ken Thompson of Bell Laboratories in 1969. It was initially designed for a single user (the name was a pun on the earlier operating system Multics). in several customer locations worldwide. Furthermore, the contract includes the outsourcing of several AS/400 computers to support the testing of the remediated applications. "We are very proud to have been selected by an internationally-renowned company," said Ronald Brisebois, President and Chief Executive Officer of COGNICASE. "Because of our expanding solution offering and office network, we are able to provide integrated services In computer networking, IntServ or integrated services is an architecture that specifies the elements to guarantee quality of service (QoS) on networks. IntServ can for example be used to allow video and sound to reach the receiver without interruption. to international companies. With its 1,100 qualified resources and factory-based capability, COGNICASE has the capacity to undertake large scale solutions for customers with widespread operations." With the integration of its latest acquisition, Marinbridge Corporation Limited, COGNICASE now has a revenue run rate of approximately US$80 million. This compares with reported revenues of US$6.6 million for the fiscal year ended September 30, 1997. COGNICASE Inc., founded in 1991, is an international provider of value-added software solutions and information technology (IT) consulting services. The Company's services encompass three core areas: Software Solutions including Year 2000 remediation and technology migration projects, Business IT services and Business IT partnerships, including outsourcing. Through automation, reusability, and high quality IT resources, COGNICASE delivers reliable, cost-effective and timely solutions that generate added value Added value in financial analysis of shares is to be distinguished from value added. Used as a measure of shareholder value, calculated using the formula:
COGNICASE news releases are accessible at: http://www.cdn-news.com
CONTACT: COGNICASE Inc.
Ronald Brisebois, 514/ 866-6161
http://www.cognicase.ca
brir@cognicase.ca
or
COGNICASE Inc.
Carl Simard, 514/ 866-6161
http://www.cognicase.ca
simc@cognicase.ca
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