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CANADA POST, CGI TO FORM NEW COMPANY

Montreal-based CGI Group has entered into negotiations with Canada Post to create a new information technology services company. The jointly owned company is expected to have annual revenues of more than CDN$200 million. It would provide IT and e-business services to Canada Post and its group of companies including Purolator Courier Ltd. and Progistix Solutions in addition to other postal organizations around the world. CGI is an independent information technology services firm with operations in over 20 countries.

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