PRESS RELEASE Back to Press ReleasesSYSTEMS XCELLENCE COMPLETES STRONGEST FIRST QUARTER FOR NEW BUSINESS WINSThree New Contracts Boost Backlog to Record $35 MillionMILTON, Ontario (June 20, 2000) -- Systems Xcellence Inc., (TSE:SXC) announced today that through the first quarter of fiscal 2001 ending May 31, 2000, the Company had closed three significant new contracts for license and maintenance revenues totaling $25.6 million. As a result of these new contracts, the Company entered the second quarter with a record contracted order backlog of approximately $35 million. The new business wins include:
"These agreements cap a very strong quarter for the Company and provide assurance that we will meet our target of generating 30% revenue growth this year," stated Gordon Glenn, President and CEO of Systems Xcellence. "We anticipate announcing additional new business wins going forward, as the global healthcare delivery market increasingly recognizes the superior functionality and cost performance provided by our comprehensive suite of software solutions." The SX 2000 Annual and Special Meeting of Shareholders will be held on Wednesday, June 21, 2000 at 4:30 p.m. EST The Toronto Stock Exchange Conference Centre, 130 King Street West, Toronto, Ontario Systems Xcellence is headquartered in Milton, Ontario, and provides advanced online transaction processing solutions for the healthcare benefits management industry. The Company combines robust software products, business expertise, and services to deliver superior solutions to the ever-changing managed care sector. The Company's shares are traded on the Toronto Stock Exchange under the symbol SXC.
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