CGI renews US$58.1 million in contracts to serve U.S. Dept. of Housing and Urban Development

Thu Nov 5, 2009 8:31am EST
 
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CGI renews US$58.1 million in contracts to serve U.S. Dept. of Housing and
Urban Development

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    GIB.A (TSX)
    GIB (NYSE)

    www.cgi.com/newsroom


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 (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: 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 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 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.
SOURCE  CGI FEDERAL

Investors: Lorne Gorber, Vice-President, Global Communications and Investor
Relations, (514) 841-3355, lorne.gorber@cgi.com; Media: Linda Odorisio,
Vice-President, US Communications, (703) 267-8118, linda.odorisio@cgi.com

 

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