|By Marketwired .||
|July 16, 2014 08:28 AM EDT||
FAIRFAX, VIRGINIA -- (Marketwired) -- 07/16/14 -- 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) (NYSE: GIB)(TSX: GIB.A), three contracts totalling $64.0M to provide visa processing services for a number of Asian, Caribbean and South American countries.
The most recent task order, awarded in May 2014, has a maximum value of $37.5M and includes the countries of Dominican Republic, Haiti, Venezuela, and Cuba. In March 2014, a second task order was awarded with a maximum value of $10.9M, serving the countries of Pakistan, Bangladesh, Sri Lanka and Nepal. The third task order, awarded in September 2013, has a maximum of $15.6M and supports Thailand, Taiwan, Vietnam, Cambodia and Laos.
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. To date, CGI Federal has won thirteen task orders under the GSS contract. As a result of these task order awards, the company will launch visa processing support at these U.S. embassies and consulates.
Through its visa processing task orders, CGI provides services to assist applicants in applying for non-immigrant and immigrant visas. These services include information services, onsite applicant support, fee collection, appointment services, offsite collection of applicant biometrics, and document delivery. CGI services and solutions improve the efficiency and transparency of the overall process.
"CGI values the strong partnership we've built with the Department of State, and we welcome the opportunity to continue to support its mission," said Dr James Peake, Lt. Gen. (Ret), President, CGI Federal. "By extending our visa support services to more countries around the world, CGI plays an important role in facilitating legitimate travel to the United States while assisting the Department of State in achieving greater efficiency in the visa process."
With these three awards, the company supports visa processing operations in a total of 68 countries across South and Central Asia Pacific, Central and South America, Eastern, Central, and Northern Europe, the Caribbean, 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 68,000 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$19 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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