The Columbus Metropolitan Housing Authority (CMHA) (Ohio) and CGI Group Inc. (CGI) (TSX: GIB.A; NYSE: GIB), today announced the award of a five-year contract to administer multi-family housing contracts in Washington, D.C. for the U.S. Department of Housing and Urban Development (HUD). Based on HUD's contract award to CMHA, CGI will serve as the business process services provider under a five-year contract valued at US$10 million.
The award represents the second partnership between CMHA and CGI to receive a contract under the HUD 2020 reform plan in which HUD contracts with qualified housing authorities to administer multi-family housing assistance payments (HAP). The first contract was awarded to CMHA and CGI in 2000 to administer HAP payments in the state of Ohio. In addition, CGI and the Oakland Housing Authority in California announced the award of a US$45 million, five-year contract to serve HUD in Northern California.
"CMHA and CGI established a strong track record of success in Ohio that demonstrated our ability to perform," said Dennis Guest, executive director of CMHA. "We look forward to delivering the same high level of quality and performance on behalf of HUD in Washington, D.C."
Joseph Saliba, president business process services for CGI said, "We are proud to once again partner with CMHA and to apply our business process services and technology expertise to help HUD utilize resources as efficiently as possible."
About Columbus Metropolitan Housing Authority
The Columbus Metropolitan Housing Authority was established in 1935 by the Ohio General Assembly to serve low-income persons and families in the city of Columbus and throughout Franklin County. It has developed and managed more than 5,000 units of public housing and currently owns 225 family and elderly projects with more than 3,600 units, as well as two Low Income Housing Tax Credit projects, and participates in another project dedicated to elderly residents. CMHA also successfully manages more than 10,000 units of Tenant-Based Section 8 Vouchers. CMHA is recognized for its innovations in the management and development of additional housing. Recently CMHA has implemented project-based vouchers by partnering with supportive service providers and private owners. The program has resulted in 200 new units for the homeless, 48 family units and 30 units for seniors.Website: www.cmhanet.com.
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:
Columbus Metropolitan Housing Authority:
Suzanne Cochran
(614) 880-2200
CGI:
Investor relations
Julie Creed
(312) 201-4803 or (514) 841-3418
Ronald White
(514) 841-3230
Media relations
Eileen Murphy
(514) 841-3430
