Central Tax Inc.

Central Tax Inc.

December 16, 2008 10:00 ET

Central Tax Inc Announces the Purchase of CGI Group ePayment Division

REPENTIGNY, QUEBEC--(Marketwire - Dec. 16, 2008) - Central Tax, a company founded in 2002 which dedicates itself to the automation and centralization of property tax management and payment, announces the purchase of the e-Payment division of Group CGI Inc. (TSX:GBI.A)(NYSE:GIB).

This business unit offers multiple payment solutions and currently processes more than 10 million transactions annually for various government and para-public entities as well retail and services companies.

Central Taxes will rapidly proceed to the integration of this payment solution to its "Equal Payment Plan (EPP)" and "Tax Reserve" services available on its eCommerce platform. Also, in order to uphold high quality services to its users, Central Tax and CGI have agreed to work in close collaboration during the transition period.

According to M. Denis Savard, President and CEO: "The integration to our platform of this novel payment solution that is both integrated and secure will bring numerous benefits to Canadian financial institutions, municipalities, retailers and consumers that will subscribe to our property tax management and payment services. The ePayment expertise brought by the division's personnel is a very strong asset for Central Tax. Also, the acquisition of this business unit and the collaboration agreement with CGI is an important step in the upcoming implementation of our platform within our partners systems, the financial institutions network and Canadian municipalities.

"It was important for CGI to maximize value creation for all our stakeholders and to choose a partner who shares similar values, placing great importance on the quality of service and respect for its employees", stated Marc Deschenes, Vice-President, Consulting Services, CGI.

Central Tax will retain all personnel members of the business unit in order to ensure a seamless continuity of the service as well as its improvement, namely the migration to the PCI standard, a priority for the company. "The compliance to the PCI standard is of utmost importance for the users of the solution," mentions M. Savard. "It provides the security level desired by the consumers, the merchants and the credit card companies. It is also an important cornerstone for the growth of ePayment services."

About Central Tax

Founded in 2002, Central Tax (www.centraltax.com/corpo) is a specialized industry outsourcer and intermediary active in the property and school tax sector. Through a dynamic, fully secured, single window service facility designed to accommodate all manner of tax reserve management transactions, Central Tax electronically centralizes and harmonizes the multifaceted tax transaction process, thereby enabling mortgage lenders, municipalities, school boards and taxpayers to interact with one another.

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