CGI SELECTED BY QUEBEC’S MINISTÈRE DU REVENU FOR MAJOR IT INITIATIVE
CGI Group Inc. (CGI) (TSX: GIB.SV.A; NYSE: GIB), today announced the signing of a two-year project valued at CDN$20 million for the adapting and integrating of information technology and accounting systems related to the Quebec Goods and Services Tax (QST). By October 2006, the ministère du Revenu du Québec (Quebec's revenue ministry) will adapt more than 20 systems to coordinate them with those of the Canada Revenue Agency (CRA). The systems pertain mainly to accounting, audits, client account management, security and electronic data exchange.
As part of the contract, CGI will be responsible for guiding Revenu Québec professionals in modifying the ministry's QST management systems; participating in the development of CRA systems, primarily with respect to systems documentation, forms and letters; training thousands of Revenu Québec users; and aligning Revenu Québec processes and systems with those of the CRA. CGI will be supported in this work by its partner Systématix.
Pierre Turcotte, senior vice-president and general manager, Quebec, for CGI said: "We are very proud of our team and their dedication to the Ministry. Having an in-depth knowledge of our clients' infrastructure and business is key for us as we know what ramifications these modified systems will have on their existing infrastructure. We are committed to serving the government sector and want to continue to be seen as their partner of choice."
Founded in 1976, CGI is among the largest independent information technology and business process services firms in North America. CGI and its affiliated companies employ approximately 25,000 professionals. CGI provides end-to-end IT and business process services to clients worldwide from offices in the United States, Canada, Europe and Asia Pacific as well as from centers of excellence in the United States, Canada, Europe and India. CGI's annualized revenue run-rate is currently US$3.0 billion and at June 30, 2005, CGI's order backlog was US$10 billion. CGI's shares are listed on the NYSE (GIB) and the TSX (GIB.SV.A). Website: www.cgi.com.
All statements in this press release that do not directly and exclusively relate to historical facts constitute "forward-looking statements" within the meaning of that term in Section 27A of the United States Securities Act of 1933, as amended, and Section 21E of the United States Securities Exchange Act of 1934, as amended. These statements represent CGI Group Inc.'s intentions, plans, expectations, and beliefs, and are subject to risks, uncertainties, and other factors, of which many are beyond the control of the Company. These factors could cause actual results to differ materially from such forward-looking statements.
These factors include and are not restricted to the timing and size of contracts, acquisitions and other corporate developments; the ability to attract and retain qualified employees; market competition in the rapidly-evolving information technology industry; general economic and business conditions, foreign exchange and other risks identified in the Management's Discussion and Analysis (MD&A) in CGI Group Inc.'s Annual Report or Form 40-F filed with the SEC, the Company's Annual Information Form filed with the Canadian securities authorities, as well as assumptions regarding the foregoing. The words "believe", "estimate", "expect", "intend", "anticipate", "foresee", "plan", and similar expressions and variations thereof, identify certain of such forward-looking statements, which speak only as of the date on which they are made. In particular, statements relating to future revenue from outsourcing contracts are forward-looking statements. CGI disclaims any intention or obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. Readers are cautioned not to place undue reliance on these forward-looking statements. .
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