CGI renews US$58.1 million in contracts to serve U.S. Dept. of Housing and Urban Development
05 Novembro 2009 - 11:30AM
PR Newswire (US)
Stock Market Symbols GIB.A (TSX) GIB (NYSE) FAIRFAX, VA, Nov. 5
/PRNewswire-FirstCall/ -- CGI Federal, a wholly-owned U.S.
operating subsidiary of CGI Group Inc. (NYSE: GIB ; TSX: GIB.A),
today announced the signing of contract renewals estimated at
US$58.1 million through the end of 2010 for the Section 8
Performance Based Contract Administration (PBCA) program. CGI
administers U.S. Department of Housing and Urban Development (HUD)
multi-family housing programs in California, Florida, New York,
Ohio and Washington, DC, in conjunction with its state and local
housing agency partners. CGI is the largest PBCA administrator in
the U.S. overseeing 25 percent of the program nationally.
Administering more than 250,000 housing units, CGI makes more than
$2 billion in Housing Assistance Payments annually on behalf of the
federal government. CGI Federal is also a leading management
consultant for Public Housing Authorities and has developed
innovative and money-saving tools for Housing Quality Standards
(HQS) Inspections scheduling and performance. "CGI is proud to have
earned the trust of its PBCA partners over the last ten years,"
said CGI Federal Vice-President, Marybeth Carragher. "We maintain
our strong commitment to working together with HUD and our local
partners to enhance the financial viability and to maintain the
integrity of the Section 8 program. About CGI Federal CGI Federal
(http://www.cgi.com/usfederal) is a wholly-owned U.S. operating
subsidiary of CGI Group Inc., dedicated to providing effective IT
solutions for federal government agencies by combining over 30
years of government experience and technology skills. Founded in
1976, CGI is one of the largest independent information technology
and business process services firms in the world. CGI and its
affiliated companies employ approximately 26,000 professionals in
over 100 offices across 16 countries. CGI provides end-to-end IT
and business process services to clients worldwide from offices in
the United States, Canada, Europe, Asia Pacific as well as from
centers of excellence in North America, Europe and India. CGI's
annualized revenue run rate is currently $3.8 billion and as at
June 30, 2009, its order backlog was $11.8 billion. CGI's shares
are listed on the NYSE (GIB) and the TSX (GIB.A) and are included
in the S&P/TSX Composite Index as well as the S&P/TSX
Capped Information Technology and MidCap Indices. Website:
http://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, and are
"forward-looking information" within the meaning of sections 138.3
and following of the Ontario Securities Act, as amended. These
statements and this information represent CGI Group Inc.'s ("CGI")
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
or forward-looking information. These factors include and are not
restricted to the timing and size of new contracts, acquisitions
and other corporate developments; the ability to attract and retain
qualified members; 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's Annual
Report on Form 40-F filed with the U.S. Securities and Exchange
Commission (filed on EDGAR at http://www.sec.gov/), and in CGI's
annual and quarterly MD&A and Annual Information Form filed
with the Canadian securities authorities (filed on SEDAR at
http://www.sedar.com/), 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 or forward-looking information, which speak only as of
the date on which they are made. In particular, statements relating
to future performance are forward-looking statements and
forward-looking information. CGI disclaims any intention or
obligation to publicly update or revise any forward-looking
statements or forward-looking information, whether as a result of
new information, future events or otherwise, except as required by
applicable law. Readers are cautioned not to place undue reliance
on these forward-looking statements or on this forward-looking
information. DATASOURCE: CGI FEDERAL CONTACT: Investors: Lorne
Gorber, Vice-President, Global Communications and Investor
Relations, (514) 841-3355, ; Media: Linda Odorisio, Vice-President,
US Communications, (703) 267-8118,
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