Netplex Sells its Retail Division to CGI Group
Reston, Va. – May 22, 2002 – The Netplex Group, Inc. (OTC-BB: NTPL) today announced that it sold the net assets of its Netplex Systems, Inc. Retail Division to CGI Group Inc. (NYSE: GIB), an information technology services firm, for US$4.3 million in cash.
Randy Grigg, Managing Director with DecisionPoint International, served as an advisor to the Netplex Group, Inc. on the transaction.
About The Netplex Group, Inc.’s Subsidiaries
About Contractors Resources, Inc.
Contractors Resources, Inc. (CR) (www.contractorsresources.com) provides cost- and time-saving business management and administrative services for independent consultants and the organizations that use them. CR’s Consultant Service Center offering, which targets major businesses and government agencies, offers cost-effective employment, payrolling, and benefits provisioning for clients’ contingent work force. CR’s MyBizOffice™, the first service to perform administrative and business management duties exclusively for independents, provides the financial infrastructure that helps professionals build careers as professional consultants. Contractors Resources is part of The Netplex Group, Inc. (OTC-BB: NTPL).
About Netplex Systems, Inc.
Netplex Systems, Inc. (www.netplexsystems.com) is a technology integration company that delivers strategic business and technology solutions. Netplex Systems has specialized expertise in the Healthcare industry. By balancing the most effective traditional processes with the versatility of emerging technologies, Netplex Systems helps clients achieve improved business efficiencies. Netplex Systems is part of The Netplex Group, Inc. (OTC-BB: NTPL).
About CGI Group Inc.
Founded in 1976, CGI is the fourth largest independent information technology services firm in North America, based on its headcount of 13,700 professionals. CGI provides end-to-end IT services and business solutions to more than 3,000 clients worldwide from more than 60 offices. Website: www.cgiusa.com.