SECURITIES AND
EXCHANGE COMMISSION
|
PRESS RELEASE |
FOR IMMEDIATE PUBLICATION |
League
Data signs 10-year outsourcing contract with CGI Halifax, Nova Scotia, December 11, 2002 Halifax-based credit union leader, League Data and CGI Group Inc. (CGI) (TSX: GIB.A; NYSE: GIB) today announced the signing of a 10-year contract for outsourcing services valued at CDN$80 million. The memorandum of understanding was previously announced on May 7, 2002. CGI will manage League Datas current banking environment as well as build a new browser-based front-end solution. To do so, CGI will acquire intellectual property for the solution from League Data. Together, the firms will bring to the Atlantic credit unions emerging technologies and solutions such as loan origination, customer relationship management and Internet banking. As part of the Agreement, 53 League Data employees located in Halifax will join CGIs operations in Atlantic Canada, as part of the CGI North American business unit serving credit unions. CGI provides services to over 2,300 credit unions making it one of the largest providers of consulting, integration and operational services to the industry across North America. CGI employs close to 150 professionals in Atlantic Canada. About League Data |
2 About CGI 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 Managements Discussion and Analysis (MD&A) in CGI Group Inc.s Annual Report or Form 40-F filed with the SEC, the Companys 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. -30- |
For more information: League Data: Steve Mills, senior vice-president & chief operating officer (902) 454-3113 CGI: Investor relations Julie Creed Vice-president, investor relations (312) 201-4803 (312) 201-4803 Ronald White Director, investor relations (514) 841-3230 (514) 841-3230 Media relations Eileen Murphy Director, media relations (514) 841-3430 |
|
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized. |
CGI GROUP INC. (Registrant) | |
Date: December 11, 2002 |
By /s/ Paule Doré Name: Paule Doré Title: Executive Vice-President and Chief Corporate Officer and Secretary |