Oakland Housing Authority (OHA) (Ca.) and CGI Group Inc. (CGI) (TSX: GIB.A; NYSE: GIB), announced today the signing of a five-year business process services outsourcing contract valued at US$45 million to serve the U.S. Department of Housing and Urban Development (HUD) in Northern California. <br><br> Under the contract with OHA, CGI will provide start-up, contract administration and payment services for site-based multi-family housing assistance payments (HAP) throughout Northern California. Oakland Housing Authority (OHA) (Ca.) and CGI Group Inc. (CGI) (TSX: GIB.A; NYSE: GIB), announced today the signing of a five-year business process services outsourcing contract valued at US$45 million to serve the U.S. Department of Housing and Urban Development (HUD) in Northern California.
Under the contract with OHA, CGI will provide start-up, contract administration and payment services for site-based multi-family housing assistance payments (HAP) throughout Northern California. The award is part of the HUD 2020 reform plan under which HUD contracts with qualified housing authorities throughout the country to administer the HAP contracts.
"Our goal in this partnership is to assure that HUD contracts are administered accurately and that the families we serve have safe and decent housing. CGI has demonstrated its track record in public housing administration and its business process services expertise to help us meet our goal," said Jon Gresley, executive director of OHA. CGI also has the contract to serve the state of Ohio.
Joseph Saliba, CGI's president, business process services, said, "We are pleased that our reputation both in public housing administration and business process services has resulted in this partnership. We look forward to delivering quality and value to the Oakland Housing Authority and to HUD."
About Oakland Housing Authority
Created in 1938, the Oakland Housing Authority, with 3,308 units of public housing and nearly 11,000 units of Section 8, is the third largest housing authority in the State of California. The Authority has a long and successful record of administering leased housing and housing subsidy programs since the inception of Section 23 programs in 1968. The Authority collaborated with other Bay Area public housing authorities (PHAs) to create one of the most "mobile and portable" Section 8 programs, exchanging thousands of participants with a large number of surrounding and distant jurisdictions, and leading the movement to absorb clients rather than bill other PHAs. The Authority has also pioneered in applying for and successfully operating service enhanced programs for special needs populations. Website: www.oakha.org.
About CGI
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 Canada, the United States, Europe, Asia Pacific as well as from centers of excellence in India and Canada. CGI's annualized revenue run rate is currently CDN$3.8 billion (US$2.8 billion) and at March 31, 2004, CGI's order backlog was CDN$12.0 billion (US$9.1 billion). CGI's shares are listed on the TSX (GIB.A) and the NYSE (GIB) and are included in the S&P/TSX Composite Index as well as the S&P/TSX Capped Information Technology and MidCap Indices.. Website: www.cgi.com.
Forward-Looking Statements
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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For more information:
Oakland Housing Authority:
Sharon Harrison Brown
(510) 874-1661
CGI:
Investor relations
Julie Creed
(312) 201-4803 or (514) 841-3418
Ronald White
(514) 841-3230
Media relations
Eileen Murphy
(514) 841-3430
