Cognicase Announces the Creation of Cognicase Internet Innovations - Launch of Shipahead.Com, E-Frontcase and Careercase.Com.Business Editors MONTREAL--(BUSINESS WIRE)--Dec. 21, 1999 COGNICASE Inc. (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 :COGI COGI Coalition on Government Information (also known as the Minnesota Coalition on Government Information, or MNCOGI; promotes open access to public records) ) (TSE See Tokyo Stock Exchange. TSE 1. See Tokyo Stock Exchange (TSE). 2. See Toronto Stock Exchange (TSE). :COG.) announces the creation of COGNICASE INTERNET INNOVATIONS (CII CII Confederation of Indian Industry CII Chartered Insurance Institute (UK) CII Construction Industry Institute (University of Texas) CII Council of Institutional Investors ), a new business unit designed to accelerate the creation, start-up and development of on-line companies offering state-of-the-art solutions. "The creation of COGNICASE INTERNET INNOVATIONS (CII) is in line with our company's business plan and our growth objectives for sales and profitability. On-line companies represent the future of our economy. With CII, we are bringing together the unique knowledge and expertise of our professionals, and capitalizing on COGNICASE's many e-business accomplishments. Our new business unit will focus on creating and promoting new internet See Web 2.0 and Internet2. companies (.com) as well as on-line solutions and services, and will provide a fertile environment for new ideas-to the benefit of our customers, employees, partners and shareholders," said Ronald Brisebois, president and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of COGNICASE. Companies that want to remain competitive have to rethink their business plans and learn to make quick, efficient use of the potential offered by new information technologies (IT) to market their products and services. Backed by the power of the Internet, and the most reliable, flexible and advanced technologies and functionalities, COGNICASE INTERNET INNOVATIONS (CII) allows optimal development of integrated business solutions that are adapted to the specific needs of each industry. COGNICASE INTERNET INNOVATIONS (CII) CII will take advantage of opportunities offered by the new electronic economy, by creating or accelerating the start-up of business initiatives by vertical markets. The COGNICASE INTERNET INNOVATIONS (CII) team will be led by Tony Marinelli, Chief Internet Innovations, and will benefit from the financial resources of COGNICASE and know-how of the company. From the start, COGNICASE INTERNET INNOVATIONS (CII) will bring together a number of initiatives in which COGNICASE has an interest, including: - SHIPAHEAD.COM, a joint venture between COGNICASE and ShipAhead Inc., the first e-business-enabled Internet portal that brings together cargo carriers, shippers, seaports This is a list of the world's seaports: Atlantic Ocean
businesses in the maritime shipping industry. - E-FRONTCASE provides companies with a virtual office that integrates advanced functionalities, document management and sales force follow-up. It also offers integrated customer relationship management tools. Specifically designed to facilitate distance work, E-FRONTCASE securely and effectively delivers corporate organizational and information resources (1) The data and information assets of an organization, department or unit. See data administration. (2) Another name for the Information Systems (IS) or Information Technology (IT) department. See IT. via the Internet to all employees, regardless of geographical location. - CAREERCASE.COM is a new virtual meeting place, developed by COGNICASE and recruiting experts, that allows employers and job-seekers to exchange high-quality information efficiently. Combining leading-edge IT and Internet technologies, this value-added service A value-added service (VAS) is a telecommunications industry term for non-core services or, in short, all services beyond standard voice calls and fax transmissions. provides the full range of expertise and services of a professional, international-calibre recruiting firm. Tony Marinelli, Chief Internet Innovations, says: "COGNICASE INTERNET INNOVATIONS (CII) will creatively explore all the growth opportunities that meet the needs of our diverse customer base. We are prepared to invest in new, dynamic and creative companies that are developing or offering advanced solutions for e-business, or to work with influential investors to speed up the growth of new business initiatives on the Internet. Our original approach will also include "a la carte" functionalities and leading edge e-applications that will be billed on a per-use basis, thereby saving our customers from having to invest in costly infrastructures or complicated IT projects." COGNICASE is among the North American North American named after North America. North American blastomycosis see North American blastomycosis. North American cattle tick see boophilusannulatus. leaders in the implementation of business solutions that leverage information technology, with offices in several major North American and European business centres. Based on its pragmatic approach, productivity tools, international IT engineering and hosting centre and critical mass of business and technology expertise, COGNICASE offers innovative solutions that contribute to the success of its customers. Its solutions include: implementation of turnkey e-business solutions, ASP services, re-engineering of existing applications for e-business, technology configuration management, as well as project management and business process improvement consulting services Noun 1. consulting service - service provided by a professional advisor (e.g., a lawyer or doctor or CPA etc.) service - work done by one person or group that benefits another; "budget separately for goods and services" . This press release contains forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. within the meaning of the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995 (US), which involve risks and uncertainties. As a result of a number of factors, including factors that the Company may not currently foresee, the Company's actual results could differ materially from those set forth in the forward-looking statements. Certain other factors that might cause the Company's actual results to differ materially from the forward-looking statements include the Company's ability to (i) successfully develop additional products and services and new applications for its existing products and services and otherwise respond to rapid changes in technology, (ii) successfully compete in its industry for customers and developers and other personnel with expertise in information technology, (iii) successfully identify and consummate acquisitions on favorable fa·vor·a·ble adj. 1. Advantageous; helpful: favorable winds. 2. Encouraging; propitious: a favorable diagnosis. 3. terms and integrate acquired businesses, and (iv) successfully manage its growth and changing business, as well as those factors set forth under the heading "Risk Factors" in its 1998 annual report. |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion