-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, U0DGaF1tkuQo8newVbHD03i7MxB+8nvC4709sicM1Kw3TS9XzHt009VIq1U86nf9 KWTtmZv3O7hkthpsFlegOw== 0001021408-01-001586.txt : 20010312 0001021408-01-001586.hdr.sgml : 20010312 ACCESSION NUMBER: 0001021408-01-001586 CONFORMED SUBMISSION TYPE: DEFA14A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20010308 FILER: COMPANY DATA: COMPANY CONFORMED NAME: IMRGLOBAL CORP CENTRAL INDEX KEY: 0001021772 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-COMPUTER PROGRAMMING SERVICES [7371] IRS NUMBER: 592911475 STATE OF INCORPORATION: FL FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: DEFA14A SEC ACT: SEC FILE NUMBER: 000-28840 FILM NUMBER: 1563975 BUSINESS ADDRESS: STREET 1: 100 SOUTH MISSOURI AVENUE CITY: CLEARWATER STATE: FL ZIP: 33756 BUSINESS PHONE: 7274678000 MAIL ADDRESS: STREET 1: 100 SOUTH MISSOURI AVENUE CITY: CLEARWATER STATE: FL ZIP: 33756 FORMER COMPANY: FORMER CONFORMED NAME: INFORMATION MANAGEMENT RESOURCES INC DATE OF NAME CHANGE: 19960828 DEFA14A 1 0001.txt DEFINATIVE ADDITIONAL MATERIALS IMRGLOBAL SCHEDULE 14A INFORMATION REQUIRED IN PROXY STATEMENT SCHEDULE 14A INFORMATION Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934 Filed by the Registrant [X] Filed by a Party other than the Registrant [_] Check the appropriate box: [_] Preliminary Proxy Statement [_] Confidential, for Use of the Commission Only (as permitted by Rule 14a-6(e)(2)) [_] Definitive Proxy Statement [ ] Definitive Additional Materials [X] Soliciting Material Pursuant to Section 240.14a-11(c) or Section 240.14a-12 IMRGLOBAL CORP. ------------------------------------------------ (Name of Registrant as Specified in its Charter) - -------------------------------------------------------------------------------- (Name of Person(s) Filing Proxy Statement, if other than Registrant) Payment of Filing Fee (Check the appropriate box): [X] No fee required [_] Fee computed on table below per Exchange Act Rules 14a-6(i)(4) and 0-11. (1) Title of each class of securities to which transaction applies: (2) Aggregate number of securities to which transaction applies: (3) Per unit price or other underlying value of transaction computed pursuant to Exchange Act Rule 0-11 (Set forth the amount on which the filing fee is calculated and state how it was determined): (4) Proposed maximum aggregate value of transaction: (5) Total fee paid: [_] Fee paid previously with preliminary materials. [_] Check box if any part of the fee is offset as provided by Exchange Act Rule 0-11(a)(2) and identify the filing for which the offsetting fee was paid previously. Identify the previous filing by registration statement number, or the Form or Schedule and the date of its filing. (1) Amount Previously Paid: (2) Form, Schedule or Registration Statement No.: (3) Filing Party: (4) Date Filed: Total IT Spending - -------------------------------------------------------------------------------- [PYRAMID CHART] [upward arrow] Tier 3 30% Systems Architecture & Development Tier 2 30% Application/ Software Gross Management Margins Tier 1 40% Infrastructure & Operations Services o Worldwide annual IT spending: US$3.4-$4.0 Trillion - -------------------------------------------------------------------------------- 1 Source: Gartner Dataquest [CGI logo] [IMR logo] Customers' Criteria - -------------------------------------------------------------------------------- o Critical mass of professionals o Vertical industry knowledge o End-to-end IT capabilities o Includes high-end consulting o Efficient delivery model - -------------------------------------------------------------------------------- 2 [CGI logo] [IMR logo] CGI - IMRglobal Key Differentiators - -------------------------------------------------------------------------------- o Number four player in North American IT services market o Meets all customers' criteria o Only industry player with: o ISO 9001 & CMM Level 4 quality certification o This specific low-cost delivery model - -------------------------------------------------------------------------------- 3 [CGI logo] [IMR logo] CGI-IMRglobal: Market Driven Organization - -------------------------------------------------------------------------------- INDUSTRY FOCUS - -------------------------------------------------------------------------------- Financial Services Healthcare/Gov't Commercial Services [BAR CHART] Capital Mfg. & Insurance Banking Markets Healthcare Gov't Utilities Retail Distribution Common Delivery Model Tier 3: Systems architecture & development/suite of solutions Tier 2: Applications/software management Tier 1: Infrastructure & operations services - -------------------------------------------------------------------------------- 4 [CGI logo] [IMR logo] CGI-IMRglobal Growth Strategy - -------------------------------------------------------------------------------- REVENUE & PROFITABILITY GROWTH o Leverage: o US and European customer base o Business knowledge in verticals o Global presence & critical mass o Low cost delivery model for worldwide operations - -------------------------------------------------------------------------------- 5 [CGI logo] [IMR logo] Summary - -------------------------------------------------------------------------------- o Merger is highly strategic and synergistic o Positions CGI as IT domain consolidator in the US and Europe o Positions CGI as backlog generator o Provides critical mass of professionals - -------------------------------------------------------------------------------- 6 [CGI logo] [IMR logo] - -------------------------------------------------------------------------------- Provides CGI-IMR with Global Footprint - -------------------------------------------------------------------------------- Specific Focus in US - World's Largest Outsourcing Market - -------------------------------------------------------------------------------- [CGI logo] [IMR logo] Forward-Looking Information - -------------------------------------------------------------------------------- During the course of this presentation, we may make forward-looking statements regarding future events or the future financial performance. We wish to inform you that actual events or results may differ materially. We disclaim any intention or obligation to update or revise any forward looking statements, whether as a result of new information, future events or otherwise. - -------------------------------------------------------------------------------- [CGI logo] [IMR logo] Market Overview - IT Services Sector - -------------------------------------------------------------------------------- STRONG GROWTH o 19% CAGR 2000-2004(*) - CGI projects 5-10% in 2001 o Clients outsource in order to: - Focus on core competencies - Achieve technology leadership - Mission critical strategic role of IT - Reduce costs - Hasten time to market - -------------------------------------------------------------------------------- *Source Gartner Group [CGI logo] [IMR logo] Key Trends - IT Outsourcing - -------------------------------------------------------------------------------- - -------------------------------------------------------------------------------- Potential annual IT US $ BILLIONS outsourcing market - -------------------------------------------------------------------------------- U.S. $713 Europe $661 Canada $37 - -------------------------------------------------------------------------------- * Source IDC, December 2000 (Excludes hardware, software and all IT spending already outsourced by organizations) [CGI logo] [IMR logo] Business Processing - -------------------------------------------------------------------------------- ACTIVITIES o One of fastest growing segments [PHOTO] o Projected growth of 30% annually* - -------------------------------------------------------------------------------- *Source: IDC [CGI logo] [IMR logo] Market Overview - IT Services Sector o Clients' IT provider selection criteria: - Vertical market knowledge - High end consulting - End-to-end IT services - Critical mass - Quality - Cost competitiveness - particularly during economic slowdown - -------------------------------------------------------------------------------- [CGI logo] [IMR logo] Well Positioned - -------------------------------------------------------------------------------- o Increased critical mass positions CGI as significant player in large IT outsourcing market in the US o Strong cross selling opportunities in the US and Europe - Little overlap of client lists - Global 2000 clients o Strengthened expertise in vertical markets, notably financial services and fast growing healthcare industry in the US - -------------------------------------------------------------------------------- [CGI logo] [IMR logo] Well Positioned - -------------------------------------------------------------------------------- o Low cost remote delivery model - Major capabilities for applications development and maintenance - Will leverage Canadian data centres for full IT outsourcing in the US o Quality methodology - ISO 9001 certified throughout CGI and SEI CMM level 4 in India o Strong management and IT professionals - -------------------------------------------------------------------------------- [CGI logo] [IMR logo] CGI-IMR: A North American Player... - -------------------------------------------------------------------------------- [MAP OF NORTH AMERICA SHOWING LOCATIONS] Edmonton Vancouver Calgary Regina Saguenay Charlottetown Seattle Winnipeg Quebec City Fredericton Montreal Halifax Minneapolis Ottawa Saint John Toronto Boston Detroit Albany New York Lincoln, Ne Chicago Washington, DC San Francisco Kansas City Cleveland Denver Cincinnati Los Angeles Nashville Atlanta Dallas Jacksonville Houston Clearwater - -------------------------------------------------------------------------------- [CGI logo] [IMR logo] ...With a Global Reach - -------------------------------------------------------------------------------- o Close to 13,000 employees in more than 60 offices in 24 countries, serving more than 3,000 clients [WORLD MAP SHOWING LOCATIONS] Scandinavian Countries United Kingdom Canada Ireland Germany Spain France Portugal Japan Tunisia United States India Saudi Arabia Mexico Colombia Brazil Uruguay Australia - -------------------------------------------------------------------------------- [CGI logo] [IMR logo] Critical Mass NUMBER OF EMPLOYEES - -------------------------------------------------------------------------------- ('000s of employees) [BAR CHART] 13.0 20.0 9.0 60.0 121.0 7.5 ---------- ---------- ---------- ---------- ---------- ---------- CGI - Post ACS AMSY CSC EDS PER Merger - -------------------------------------------------------------------------------- [CGI logo] [IMR logo] CGI Profile - -------------------------------------------------------------------------------- o Largest independent IT services provider in Canada; among the largest in North America o Tier 1, 2 and 3 IT services o Fiscal 2000 revenue: US$957 million o Backlog generator - Order backlog: US$4.6 billion (CDN$7 billion) o 10,000 employees & 2,500+ clients o 40+ locations in 20 countries; mainly the US, UK and Europe - -------------------------------------------------------------------------------- [CGI logo] [IMR logo] CGI Profile - -------------------------------------------------------------------------------- HIGHER VALUE ADDED SERVICES CONTRACT TYPE PRACTICES [PIE CHART] [PIE CHART] Systems Systems planning, integration architecture, 23% development & maintenance 75% Consulting (per diem) IT 15% infrastructure & networks 25% Management of IT & business functions (outsourcing) 62% - -------------------------------------------------------------------------------- [CGI logo] [IMR logo] CGI Profile - -------------------------------------------------------------------------------- HIGHER VALUE ADDED IT SERVICES - -------------------------------------------------------------------------------- "Many new e-business consultants do not have the `heavy lifting skills' to handle complex development and integration of infrastructure applications and data across multiple sites in a global corporation... A more established services provider such as the Big 5 and CGI, with the requisite `heavy lifting skills' will provide the more complex services..." - Gartner - -------------------------------------------------------------------------------- [CGI logo] [IMR logo] IMRglobal Profile o Premier provider of Tier 2 and 3 IT solutions o 34 business units in 7 countries o Remote, low cost IT delivery capability in Bangalore and Mumbai, India o Fiscal 2000 revenue: US$256.2 million o 2,750 IT professionals - -------------------------------------------------------------------------------- [CGI logo] [IMR logo] Merger Synergies - -------------------------------------------------------------------------------- o Revenue Enhancement - Global cross-selling opportunities maximized by limited client overlap in vertical markets - Leverage critical mass and existing infrastructure for full IT outsourcing in the US - Broader service & solution offerings o Margin Expansion - Low cost remote delivery capability - Cost efficiencies - -------------------------------------------------------------------------------- [CGI logo] [IMR logo] Vertical Market Expertise - -------------------------------------------------------------------------------- INCREASED DEPTH AND BREADTH POST MERGER [PIE CHART] Manufacturing-Retail-Distribution 21% Healthcare & Government 12% Financial Services 31% Telecom 36% - -------------------------------------------------------------------------------- [CGI logo] [IMR logo] Broad Client Base TELECOMMUNICATIONS - -------------------------------------------------------------------------------- [CGI logo] [IMR logo] Sprint PCS Videotron AT&T Local Nortel Cable & Wireless GTE Hong Kong Tel Telebras Bell Canada - -------------------------------------------------------------------------------- Broad Client Base FINANCIAL SERVICES - -------------------------------------------------------------------------------- [CGI LOGO] [IMR LOGO] Desjardins & credit unions John Hancock Interac Association Peracon (BVNE) Fidelity Investments Pearl Assurance RBC Dominion Securities CGU H&R Block Sakura Securities ALLIANZ Dresdner Kleinwort Benson Canada Life Casualty AXA The Cooperators Barclays Retail Financial Services AXA American Express Sun Life Prudential Premier Insurance - -------------------------------------------------------------------------------- Broad Client Base MANUFACTURING-DISTRIBUTION-RETAIL - -------------------------------------------------------------------------------- [CGI LOGO] [IMR LOGO] Alcan Michelin Stelco Blockbuster Entertainment Molson Breweries Target (Dayton Hudson) Air Canada Saur Canadian Tire Fingerhut Compaq Arrow Electronics Cargill Dow Corning Nestle Goodyear Tires BF Goodrich Winn Dixie Renault - -------------------------------------------------------------------------------- Broad Client Base HEALTHCARE & GOVERNMENT - -------------------------------------------------------------------------------- [CGI LOGO] [IMR LOGO] State of New York Medical Mutual of Ohio Canadian Federal Departments Housing & Urban Development Province of Quebec American Medical Association Province of Ontario Blue Cross Blue Shield Province of New Brunswick Kaiser Permanente Province of Alberta Foundation Health Systems State of Washington McKesson HBOC (HIPAA) Pinnacle Health Hospitals Regence State of Georgia Medlink Technologies BJC Health System York Health System - -------------------------------------------------------------------------------- Cross Selling Opportunities in Key Verticals - -------------------------------------------------------------------------------- o Financial Services - CGI a leader in banking, insurance and credit union sectors - CGI developed GIOS Web-enabled insurance solution with Allianz - IMRglobal a strong player in banking, insurance, capital markets - Drivers include: full suite of solutions; competitive imperative of eCRM; blurring of sector boundaries/M&A; globalization; new products and service channels; time to market - -------------------------------------------------------------------------------- [CGI logo] [IMR logo] Cross Selling Opportunities in Key Verticals - -------------------------------------------------------------------------------- o Healthcare - IMRglobal's fastest growing vertical - IMRglobal well positioned in the US - $1.2 trillion market - 14% of GDP - Projected to grow at CAGR of 16.5% - Key drivers: government regulation; technology modernization; pressure to reduce costs and increase quality of patient care - HIPAA Compliances - HUD Opportunities - -------------------------------------------------------------------------------- [CGI logo] [IMR logo] Cross Selling Opportunities in Key Verticals - -------------------------------------------------------------------------------- o Manufacturing-Distribution-Retail and other - Competitive pressures favour outsourcing - Consolidation & deregulation (for utilities) - Strong supply chain management expertise - Erosion of margins - -------------------------------------------------------------------------------- [CGI logo] [IMR logo] - -------------------------------------------------------------------------------- Highly Competitive & Reliable Delivery Model ---------- Full IT Outsourcing - -------------------------------------------------------------------------------- [CGI logo] [IMR logo] Offshore IT Delivery Capabilities - -------------------------------------------------------------------------------- LOWER COST CONTRIBUTES TO MARGIN EXPANSION o Locations in Bangalore and Mumbai, India o ISO 9001 & CMM Level 4 certified quality o Well educated IT professionals o Support clients in the US, Europe o Virtual work day - -------------------------------------------------------------------------------- [CGI logo] [IMR logo] Leverage Critical Mass and Infrastructure - -------------------------------------------------------------------------------- FOR FULL IT OUTSOURCING o CGI has three modern data centres - Montreal, Toronto, Regina - ISO 9001 certified management framework o End to end IT services o CDN$ exchange rate a cost advantage - -------------------------------------------------------------------------------- Revenue enhancement and margin expansion [CGI logo] [IMR logo] Complete Set of Solutions - -------------------------------------------------------------------------------- FOR EACH VERTICAL MARKET [PHOTO] o Single window offering o Recurring revenue o Higher value-added o Higher margins - -------------------------------------------------------------------------------- [CGI logo] [IMR logo] Integration Capabilities - CGI o Management of acquisitions/mergers and large outsourcing contracts a core competency - Close to 30 acquisitions in recent years - ISO 9001 methodology for integrating acquired operations o Preferred employer - Emphasis on career development; competitive performance driven remuneration - Half the average turnover rate for the industry - Retention important in knowledge industry - -------------------------------------------------------------------------------- [CGI logo] [IMR logo] Financial Impact o Neutral to slightly accretive to cash EPS, fully diluted o Maintain strong balance sheet with increased cash position, low debt to equity ratio o Synergies to result from cost savings and margin expansion. Additional synergy potential realized through large contracts and cross selling - -------------------------------------------------------------------------------- [CGI logo] [IMR logo] Financial Summary - CGI - -------------------------------------------------------------------------------- REVIEW - -------------------------------------------------------------------------------- CGI IMRglobal ------------------------------------ --------------- ('000 dollars) CAGR 2000 (1995-2000) 2000 CAGR ----------------------- ----------- -------- ----- CDN$ US$ US$ --------- ------- ------- Revenue 1,436,008 957,339 71.5 256,172 62% EBITDA 171,697 114,465 96.5% 26,592 46% Earnings before 73,542 49,028 124.3% 17,279* 55% amortization of goodwill Net earnings 55,666 37,111 120.9% Working capital 164,624 109,749 80.8% 43,552 79% D/E 0.04:1 0.04:1 n.a. 0.14:1 n.a. - -------------------------------------------------------------------------------- * IMRglobal's EBITDA is before one time charges [CGI logo] [IMR logo] Financial Outlook - CGI - -------------------------------------------------------------------------------- CGI ON STAND-ALONE BASIS o January 2001 guidance for fiscal 2001 (based on transactions announced YTD) - Revenue of US$980 million - 1.0 billion (CDN$1.5-1.6 billion) - Gradually improving profit margin o Factoring in transactions announced since January 31: expect annualized revenue run rate in the July-September 2001 quarter to be US$1.3 billion (CDN$2 billion) - -------------------------------------------------------------------------------- [CGI logo] [IMR logo] Financial Outlook - IMRglobal - -------------------------------------------------------------------------------- IMRGLOBAL ON STAND-ALONE BASIS o February 2001 guidance for fiscal 2001(US $): - Approx. revenue of $60 million in Q1, $70 million in Q2 - Pro forma cash EPS of 4-6 cents in Q1, 9-11 cents in Q2 - Fiscal 2001 revenue of approx $285-$325 million - -------------------------------------------------------------------------------- [CGI logo] [IMR logo] Business Strengthening - CGI - -------------------------------------------------------------------------------- o Recent contracts - CDN$1 billion+ 10-year IT partnership with Desjardins o Calendar 2001 - CDN$119 million+ 7-year outsourcing with Sun Life UK - CDN$25 million 5-year with Alberta Ministry of Health - 10-year agreement with Interac Association - Multi-million(pound)contract with Allianz for GIOS - CDN$22 million contract with Nordic insurer If for GIOS - -------------------------------------------------------------------------------- [CGI logo] [IMR logo] Business Strengthening - CGI - -------------------------------------------------------------------------------- Acquisitions - Since August 2000 - -------------------------------------------------------------------------------- APG - -------------------------------------------------------------------------------- C.U. Processing RSI - -------------------------------------------------------------------------------- RSI - -------------------------------------------------------------------------------- CDL - -------------------------------------------------------------------------------- Star Data Systems - -------------------------------------------------------------------------------- Equity Positions - Since August 2000 - -------------------------------------------------------------------------------- AGTI - -------------------------------------------------------------------------------- CIA - -------------------------------------------------------------------------------- [CGI logo] [IMR logo] Business Strengthening - IMRglobal - -------------------------------------------------------------------------------- o Recent announcements (US$) - $15 million application maintenance project with John Hancock Financial Services - Delivered `impaired risk extranet' for Scor, France's leading reinsurance company - $10 million contract with Arrow Electronics - More than $10 million contract with AXA France - $4.5 million contract with CMA-CGM - $4.9 million contract with Finaref - -------------------------------------------------------------------------------- [CGI logo] [IMR logo] Growth Strategy - -------------------------------------------------------------------------------- [CHART] OUR PILLARS OF GROWTH BUSINESS UNIT LARGE O O A A R U C C G T Q Q A S U U N O I I I U S S C R I I C T T I I I N O O G N N S S - -------------------------------------------------------------------------------- [CGI logo] [IMR logo] Transaction Highlights - -------------------------------------------------------------------------------- o 1.5974 CGI Class A Subordinate Shares for each share of IMRglobal Common Stock o Equivalent to US$9.50; 44.8% premium at Feb. 16 market close; 1.7 times LTM revenue o Requires regulatory and IMRglobal shareholder approval (51%) o Unanimously approved by IMRglobal board - -------------------------------------------------------------------------------- [CGI logo] [IMR logo] Transaction Highlights - -------------------------------------------------------------------------------- o Satish Sanan, IMRglobal CEO, will vote his 27.6% interest in favor of the merger o CGI majority shareholders Serge Godin, CEO, and Andre Imbeau, EVP & CFO, will exercise their pre-emptive rights to maintain their Class B (multiple voting) share interest o BCE will not exercise its pre-emptive rights regarding Class A subordinate CGI shares, and will decide prior to the closing regarding its Class B (multiple voting) share interest o Equity interest post merger: CGI shareholders, 80.7%; IMRglobal, 19.3%. o Voting interest post merger: CGI, 90.7%; IMRglobal, 9.3%. - -------------------------------------------------------------------------------- [CGI logo] [IMR logo] Outlook - -------------------------------------------------------------------------------- o Critical mass to become a significant player in large IT outsourcing market in the US o Global reach and cross selling opportunities o Increased vertical market expertise, notably in financial services and healthcare in US o High quality, low cost remote delivery model - -------------------------------------------------------------------------------- Increased Revenue and Margin Potential [CGI logo] [IMR logo] Investor Information - -------------------------------------------------------------------------------- Investors are urged to read the relevant documents that will be filed with the US Securities & Exchange Commission (SEC) by CGI Group Inc. and IMRglobal, Corp. in connection with the merger because they will contain important information, including the identities of the participants in any solicitation of proxies or consents from IMRglobal, Corp. shareholders and a description of such participants' interests in any such solicitation. You will be able to obtain a free copy of the documents filed with the SEC by CGI Group Inc. and IMRglobal, Corp. at the SEC's website, www.sec.gov. CGI Group and IMRglobal, Corp., investors will also be able to obtain a free copy of the relevant documents by contacting: - -------------------------------------------------------------------------------- CGI IMRglobal - -------------------------------------------------------------------------------- Investor Enquiries Media Enquiries Investor Relations Department Ronald White Eileen Murphy (727) 467-8163 Director, investor Director, media relations relations (514) 841-3230 (514) 841-3430 - -------------------------------------------------------------------------------- [CGI logo] [IMR logo] Proxy Statement Information - -------------------------------------------------------------------------------- In connection with the proposed merger, IMRglobal will be filing a proxy statement with the SEC. SECURITY HOLDERS OF IMRGLOBAL AND INVESTORS ARE URGED TO READ THE PROXY STATEMENT WHEN IT BECOMES AVAILABLE BECAUSE IT CONTAINS IMPORTANT INFORMATION REGARDING THE PROPOSED MERGER. Investors and shareholders may obtain a free copy of the proxy statement when it becomes available and other documents filed by IMRglobal and furnished by CGI with the SEC in connection with the merger at the SEC's website at www.sec.gov. Shareholders of IMRglobal and investors may also obtain for free a copy of the proxy statement and other documents filed with the SEC by IMRglobal in connection with the proposed merger by contacting the IMRglobal investor relations department at (727) 467-8163. Shareholders of IMRglobal and investors may also obtain for free documents furnished to the SEC by CGI in connection with the merger by contacting the CGI investor relations department at (514) 841-3230. [CGI logo] [IMR logo] Information Concerning Participants - -------------------------------------------------------------------------------- IMRglobal and its directors and executive officers may be deemed to be participants in the solicitation of proxies from security holders of IMRglobal in favor of the merger. The directors and executive officers of IMRglobal include the following: Satish K. Sanan; Jeffery S. Slowgrove; Vicent Addonisio; Philip Shipperlee; Charles C. Luthin; and Michael Dean. IF YOU ARE INTERESTED IN OBTAINING INFORMATION ON THE BENEFICIAL INTERESTS OF IMRGLOBAL'S DIRECTORS AND EXECUTIVE OFFICERS IN IMRGLOBAL COMMON STOCK, WE ENCOURAGE YOU TO OBTAIN, FREE OF CHARGE, THE PROXY STATEMENT FOR IMRGLOBAL'S 2000 ANNUAL MEETING OF SHAREHOLDERS FILED WITH THE SEC ON APRIL 27, 2000. This document is available on the Internet at the SEC's website at www.sec.gov or from IMRglobal by contacting the IMRglobal investor relations department at (727) 467-8163. - -------------------------------------------------------------------------------- [CGI logo] [IMR logo] -----END PRIVACY-ENHANCED MESSAGE-----