Univers Info Becomes DTM Information Technology Group Inc. Adopts a Two Pronged Development Strategy.MONTREAL--(BUSINESS WIRE)--Jan. 16, 1997--DTM(ME UNV UNV United Nations Volunteers UNV University of Nevada UNV University Park Airport (State College, PA airport code) UNV Unverified UNV Universal .) Shareholders attending the Annual General Meeting of Univers Info today approved a name change for the company. Univers Info will henceforth From this time forward. The term henceforth, when used in a legal document, statute, or other legal instrument, indicates that something will commence from the present time to the future, to the exclusion of the past. be known as DTM DTM dermatophyte test medium. Information Technology Group Inc. Mr. Karol Brassard, Chief Executive Officer, also revealed two major strategies which will guide the company over the coming years. The first is to increase activity in the professional services (job) professional services - A department of a supplier providing consultancy and programming manpower for the supplier's products. sector, expected to grow dramatically and to create attractive margins. As well, the company intends to further augment its expertise and expand its services on a national scale through acquisitions and strategic alliances. 1996 was a year of consolidation for DTM (formerly Univers Info) which will now devote its resources to the development of activities in the integrated computer services Data processing (timesharing, batch processing), software development and consulting services. See service bureau, SaaS and ASP. sector. The acquisition of DTM in Montreal and in Quebec in 1994 raised the company's ranking to third in this industry in Quebec. The financial results posted in 1996 bear positive witness to this new orientation. Year end earnings rose to $406,000 or $0.12 per share compared to a loss of $2.3 million or $0.66 per share in 1995. "This performance is primarily the result of our strong growth and our vast expertise in the area of professional services. DTM is, in effect, the only company in Quebec to offer a complete range of integrated technical services from network architecture to wiring," stated Mr. Alex Delisle, DTM President. Professional services accounted for slightly more than 6 percent of all sales and generated 15 percent of gross profit. The medium term objective is to increase revenues from this sector to 10 percent. DTM, which this year celebrates its 20th anniversary, was selected in 1996 to collaborate on several prestigious projects, notably le Centre Molson, le Casino de Montreal, University of Montreal, University of, at Montreal, Que., Canada; French language; established 1876 as a branch of Laval Univ. It became an autonomous university in 1919. It has faculties of arts and sciences, graduate studies, theology, law, medicine, nursing, dental medicine, Laval Hospital and l'Ecole des hautes etudes commerciales. A vast and highly technical expertise, combined with the quality of its services, clearly distinguish DTM from its competitors. "Our industry will be called upon to provide an increased level of technological expertise. This will result in strong growth in the coming years. DTM is particularly well positioned to benefit from this tendency. We fully expect the rapid development of the Internet and the intranet will create promising new markets for us," stated Mr. Delisle. Mr. Brassard told shareholders that the future is encouraging for DTM. "The market for technology integration offers excellent growth potential and we have what it takes to permit us to profit from this situation. More specifically, my confidence in the future is based on the performance we have achieved since the beginning of the current year. In light of these results and various positive developments, coupled with last year's results, we anticipate a strong growth in revenue and earnings for 1997." Shareholders also voted on changes to the Board of DTM. Jean-Luc Lussier has relinquished re·lin·quish tr.v. re·lin·quished, re·lin·quish·ing, re·lin·quish·es 1. To retire from; give up or abandon. 2. To put aside or desist from (something practiced, professed, or intended). 3. his post as Chairman to Karol Brassard. Mr. Lussier remains on the Board. Mr. Delisle has been named President and Chief Executive Officer of DTM. As well five (5) new members were named to the Board. DTM Information Technology Group Inc. operates in two sectors which are both autonomous and complementary, specifically the sale of major brand name computer hardware and the provision of professional services, including the design and installation of client-server networks, integration and client support services support services Psychology Non-health care-related ancillary services–eg, transportation, financial aid, support groups, homemaker services, respite services, and other services . The company targets primarily medium and large companies with 25 stations or more, offering turn-key or individual specialized spe·cial·ize v. spe·cial·ized, spe·cial·iz·ing, spe·cial·iz·es v.intr. 1. To pursue a special activity, occupation, or field of study. 2. services. DTM's shares, which currently trade on the Montreal Exchange Montreal Exchange A Canadian derivatives exchange that facilitates the trading of stock options, interest rate futures and options, as well as index options and futures. Located in Montreal, Quebec, it is the country's main financial derivative market, while the Winnipeg under the symbol UNV, will soon trade under DTM. CONTACT: DTM Information Technology Group Inc. Karol Brassard, 514/828-4428 |
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