FAIRFAX, VIRGINIA--(Marketwired - Sep 19, 2013) - The U.S. Department of State, Bureau of Consular Affairs has awarded Stanley Associates, Inc. (Stanley), a wholly-owned subsidiary of CGI Federal Inc. (CGI) (GIB)(TSX:GIB.A), a contract to provide visa processing services for a number of European countries, including Germany, Switzerland, the Czech Republic, Estonia, Latvia, Sweden, Denmark, Norway, Austria, Slovakia, Hungary and Finland.
With a maximum value of US$32.8M if all option years are exercised and volumes are achieved, the contract is a firm-fixed-price task order with a one-year base and four one-year option periods, awarded under its 10-year multiple award, indefinite-delivery, indefinite-quantity Global Support Strategy (GSS) for visa support services contract. This is the tenth task order won by Stanley under the GSS contract.
Under this task order award, the company will launch visa processing support at U.S. embassies and consulates in the 12 European countries. The company will provide services to assist with the processing of nonimmigrant and immigrant visa applications, including providing information to applicants about the application process, fee collection, appointment services, and document delivery.
With this award, the company supports visa processing operations in 57 countries across Asia, Asia Pacific, Central America, Eastern Europe, Central Europe and Scandinavia, Russia and its Southern Neighbours, and West Africa.
About CGI Federal Inc.
CGI Federal Inc. is a wholly-owned U.S. operating subsidiary of CGI Group Inc., dedicated to partnering with federal agencies to provide solutions for defense, civilian, and intelligence missions. Founded in 1976, CGI Group Inc. is the fifth largest independent information technology and business process services firm in the world. Approximately 69,000 professionals serve thousands of global clients from offices and delivery centers across the Americas, Europe and Asia Pacific, leveraging a comprehensive portfolio of services including high-end business and IT consulting, systems integration, application development and maintenance, infrastructure management as well as a wide range of proprietary solutions. With annualized revenue in excess of C$10 billion and an order backlog exceeding C$18 billion, CGI shares are listed on the TSX (GIB.A) and the NYSE (GIB). Website: www.cgi.com
CGI 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 Canadian securities laws. These statements and this information represent CGI'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 or forward-looking information. These factors include but 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 IT industry; general economic and business conditions; foreign exchange and other risks identified in the press release, in CGI's annual and quarterly Management's Discussion and Analysis ("MD&A"), in CGI's Annual Report, 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 the Company's 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.
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