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. DecisionPoint International, a boutique technology investment bank, represented Netplex Group, Inc. in this 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.
About DecisionPoint International
DecisionPoint is a global leader in M&A advisory services for middle-market technology companies in the services, software, and communication sectors. For additional information on DecisionPoint, visit www.DecisionPointInt.com.
For further information, contact: Doug Ellis, Managing Partner; (704) 248-1122; DEllis@DecisionPointInt.com
Netplex is a registered trademark and the Netplex logo and MyBizOffice are trademarks of The Netplex Group, Inc.
Except for historical information, all of the statements, expectations and assumptions contained in the foregoing are “forward-looking statements” (within the meaning of the Private Securities Litigation Reform Act of 1995) that involve a number of risks and uncertainties. It is possible that the assumptions made by management-including, but not limited to, those relating to service offerings, market opportunities, results, performance or expectations-may not materialize. Actual results may differ materially from those projected or implied in any forward-looking statements. In addition to the above factors, other important factors include the risks associated with unforeseen technical difficulties, changes in technology and standards, dependencies on key employees, availability of technical talent, dependencies on certain technologies, delays, market acceptance and competition, as well as other risks described from time to time in the Company’s filings with the Securities and Exchange Commission, press releases, and other communications.