Annual revenue of the newly created firm is expected to be over CDN$200 million.

Through this new firm, the Canada Post group of companies will have

access to world-class IT services at a more competitive cost thus allowing

them to further leverage the power of IT for competitive advantage. The firm

will lead in the development and integration of IT-enabled business solutions,

including e-business solutions, geared for not only the Canada Post group of

companies’ customers, but also for their employees and their work environment.

We are extremely excited and proud to be selected for this next step on

this important venture, said Serge Godin, chairman and chief executive

officer of CGI. We are also pleased about entering a new and exciting sector.

We will commit the necessary financial, technological and human resources to

ensure the success and growth of the new firm. We are confident that together,

integrating our respective talents, we can grow postal solutions to a higher

level and in doing so become a leading-edge provider on the international

postal scene.

In the fast paced world of e-commerce, the Canada Post group of

companies must be able to rely on supporting information technology services

and management capabilities that reflect state-of-the-art technology and best

practices, said Philippe L. Lemay, Canada Post’s executive vice-president,

business development. This takes us a step closer to creating a flexible,

customer-focused, world-class information technology services provider to meet

this requirement.

SOURCE: COMPANY PRESS RELEASE