Logibec Groupe Informatique Ltd.

Logibec Groupe Informatique Ltd.

March 08, 2005 11:00 ET

Sale of Shares by Logibec Officer


NEWS RELEASE TRANSMITTED BY CCNMatthews

FOR: LOGIBEC GROUPE INFORMATIQUE LTD.

TSX SYMBOL: LGI

MARCH 8, 2005 - 11:00 ET

Sale of Shares by Logibec Officer

MONTREAL, QUEBEC--(CCNMatthews - March 8, 2005) - Logibec Groupe
Informatique Ltd. (the "Company") (TSX:LGI) today announced that Claude
Roy, President and Chief Executive Officer, and Les Services de Gestion
Claude Roy Inc., a company controlled by Claude Roy, sold 100,000 and
200,000 common shares of the Company, respectively, at a price of $9.50
per share.

Following this transaction, Claude Roy controls, directly or indirectly,
2,623,463 common shares of the Company, representing 36.5% of the
outstanding common shares.

This transaction was effected in order to increase the liquidity of the
Company's common shares.

ABOUT LOGIBEC

LOGIBEC is among the ten largest Canadian companies specializing in the
development, marketing, implementation and support of information
systems for the health and social services sector. Over 400 health
organizations use its products and services delivered by an experienced
team of employees that numbered 200 as of December 31, 2004. The Company
has its head office in Montreal as well as offices in Quebec City and
Edmonton.

This news release contains forward-looking statements reflecting Logibec
Groupe Informatique Ltd. objectives, estimates and expectations. Such
statements may be marked by the use of verbs such as "believe",
"anticipate", "estimate" and "expect" as well as the use of the future
or conditional tense. By their very nature, such statements involve
risks and uncertainty. Actual results may differ significantly from the
Company's forecasts or expectations.

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Contact Information

  • FOR FURTHER INFORMATION PLEASE CONTACT:
    Logibec Groupe Informatique Ltd.
    Claude Roy
    President
    (514) 766-0134
    claude_roy@logibec.com
    The TSX accepts no responsibility for the truth or accuracy of this
    press release.