Montreal, Quebec, Wednesday, October 24, 2001, 06:00 EDT --
  -  Revenue climbs to $173 million;
  -  Baseline earnings from operations reach $0.16 per share;
  -  All three business units - eHealth, U.S. and Canada - post
     strong performance;
  -  New business contracts confirm Emergis leadership in key
     sectors.

BCE Emergis Inc.(TSE:IFM), a leading provider of
business-to-business eCommerce services and exchanges, today
announced record results for the third fiscal quarter ended
September 30, 2001.

Revenue for the third quarter of 2001 reached $173.0 million, up
from $132.1 million in the corresponding quarter of 2000, which
included revenue from divested activities. Baseline earnings* for
the quarter were $15.2 million, or $0.16 per share, compared to
$14.9 million, or $0.16 per share for the same period last year.
Earnings before interest, taxes, depreciation and amortization
(EBITDA) amounted to $34.4 million for the quarter, up from $25.7
million in 2000. When acquisition-related amortization costs and
future income tax benefits are included, BCE Emergis registered a
net loss of $107.5 million, or $1.14 per share for the third
quarter ended September 30, 2001, compared to a loss of $83.3
million or $0.90 per share for the corresponding period in 2000.

"Emergis had an excellent quarter and this is reflected in the
strong financial results as well as the key agreements across our
three business units", said Brian Edwards, Vice-Chairman and CEO of
BCE Emergis. "In terms of numbers, we have exceeded revenue
consensus targets and generated a record level of baseline
earnings, and all this, in a challenging environment. Revenue and
baseline earnings growth stems from the strength of our recurring
revenue business model, the high operating leverage it affords and
a rapidly growing base of U.S. activity."

Christian Trudeau, President & COO, continued, "From an operations
perspective, our three business units all posted strong
performances supporting our position as industry leader. In our
U.S. business unit, we continue to see strong traction around our
e-Invoicing solution, and our recent agreement with Visa U.S.A. has
spurred additional interest. In our North American eHealth
division, we are delivering on our promise to bring the best
eCommerce solutions to the insurance sector. Our agreement with The
Principal Group is a case in point. In Canada, we have leveraged
our relationship with Bell Canada through the signing of major
contracts to provide secure and advanced eCommerce services for
their business customer base."

Business outlook
The company has performed well to date and we continue to be
encouraged by our prospects. With respect to a Fourth Quarter
financial outlook, given the uncertain economic climate and
conditions, we are targeting revenue in the $175 million to $185
million range; EBITDA in the $34 million and $37 million range and
baseline earnings between $0.16 and $0.19 per share.

Other financial highlights
- For the 3rd quarter, revenue from each of the business units
  progressed:
     -- The eHealth sector remains the largest segment, registering
        $77.5 million in revenue for the quarter, up from $76.2
        million in the second quarter of 2001, and $63.1 million in
        the third quarter last year.

     -- The Canadian business unit revenue grew to $75.7 million
        from $72.0 million in the previous quarter and $64.4
        million in the third quarter last year.

     -- Revenue from the U.S. business unit jumped to $19.8
        million, up from $10.5 million in the previous quarter and
        $4.6 million in the third quarter last year.

     -- For each of the eHealth, Canadian and U.S. business units,
        revenue for the corresponding period in 2000 is not
        comparable to 2001, as they include either revenue related
        to acquisitions or revenue from since-exited assets.

- Emergis recorded increased transaction revenues on a
  quarter-over-quarter basis for the 40th consecutive quarter.

- Gross margins for the quarter came in at 77%, which is the same
  as last quarter. EBITDA margins reached 20%, slightly ahead of
  last quarter and in line with targets.

- Emergis continued to invest in research and development, and in
  particular in its e-Invoicing and web-claims exchange projects.
  It has raised the level of investment to 10% of revenues, ahead
  of 8.4% last quarter and 4.0% in the third quarter last year.

- Baseline earnings reached a record level of $15.2 million. This
  increase is in spite of additional depreciation expense, owing to
  the increased investment in capital assets to build out
  infrastructure, as well as increased current income taxes due to
  the higher level of revenues from the U.S.

- The net loss of $107.5 million or $1.14 per share for the
  three-month period was greater than last year primarily as a
  result of increases in depreciation and amortization, and a
  write-down of $10.7 million due to the decline in the value of
  shares of Descartes Systems Group.

- Cash flow from operations came in at $36.7 million, ahead of the
  $5.1 million stated for the corresponding quarter in 2000.

- The Company had $81.9 million of cash on September 30 2001, up
  from $58.6 million on June 30, 2001, and $50.4 million on
  September 30, 2000.

- At the end of the quarter, Emergis had a working capital
  deficiency of $76.4 million primarily as a result of the $139.5
  million debenture from BCE, which has become a current liability
  due to its maturing date of June 30, 2002. With the BCE debenture
  excluded, working capital stood at $63.1 million on September 30,
  2001. Working capital stood at $133.0 million on December 31,
  2000.

- Accounts receivable stood at 65 days outstanding at quarter end,
  slightly higher than the 61 days at the end of last quarter,
  owing principally to timing differences.

For the nine-month period ending September 30, 2001:
- Total revenue was $475.0 million, with the eHealth business unit
  accounting for $224.0 million, the Canadian business unit $213.7
  million and the U.S. business unit $37.3 million.

- Revenue sourced from the U.S. rose to 42%, compared to 34% for
  the corresponding period last year and points to the Company's
  growing success in penetrating the U.S. market.

- Recurring revenues for the nine-month period was within an 80%
  range.

- EBITDA amounted to $91.6 million on September 30, 2001, compared
  to $50.8 million the previous year.

- The net loss totaled $313.1 million or $3.33 per share for the
  nine-month period in 2001, compared to a net loss of $206.5
  million or $2.26 per share in 2000, reflecting increases in
  depreciation, amortization and the write-down of marketable
  securities and other assets. The write-down of $15.3 million
  results mainly from the decline in the value of shares of
  Descartes Systems Group.

- Cash flow from operations totaled $42.8 million, up substantially
  from a shortfall of $0.4 million for the corresponding period in
  2000.

Business highlights
eHealth Solutions, North America
- In August, Emergis named Faye S. Baggiano, Ph.D., as president of
  its North American eHealth Solutions Group. Baggiano joined
  Emergis from EDS, where she served as president of the Health
  Care Global Industry Group.

- Emergis was selected by the state of Michigan to provide a
  solution for electronically processing standardized Medicaid
  healthcare claims. The solution puts the state on track to meet
  the data formatting requirements of the Health Insurance
  Portability and Accountability Act (HIPAA) and to exchange claims
  and related documents with nationwide insurers, hospitals and
  healthcare providers.

- Emergis signed the Principal Financial Group(R) to a five-year,
  multi-million dollar transaction-based agreement for a new
  electronic premium presentment and management service. As a
  result, Emergis will enable the Group Life and Health business
  unit of The Principal to generate and present its corporate
  customers with an electronic premium statement.

- Emergis inked a five-year deal with Canada Life. The insurer
  becomes the second health insurance company to join the Emergis
  web-enabled claims and premium exchange, which includes the
  recently announced electronic premiums presentment technology.

Canadian Business Unit
- Emergis signed agreements to provide Bell Canada with advanced
  eCommerce services. Over the term of the contracts, Emergis will
  realize guaranteed revenue of $315 million. Included in these
  services are a best-of-breed security application for the Bell
  Virtual Private Network (VPN) offering and the BCE Emergis
  Electronic Business Network (BEBN), as well as a series of other
  solutions that will provide capabilities such as online web-based
  customer care; small, medium and large enterprise web-based
  automation of ordering, invoicing and payment functions; and
  enablement services to support suppliers and buyers for
  electronic procurement.

- A five-year contract was announced between the Ontario government
  and a consortium of companies, including BCE Emergis and Bell
  Canada, to make government services available online, by
  telephone, and over self-serve terminals.

- Emergis continued its leadership as the key enabler of Canadian
  electronic communities. It announced an agreement with
  Agri-eBusiness Group Inc. (AEBG), an e-business initiative
  created by four major grain and oilseeds industry groups in
  Ontario to improve the collection of sales and marketing
  information and create a central loans system for commodity
  organizations. Emergis also expanded the reach and functionality
  of its Emergis(R) e-Lending Interchange. Over 50% of Canada's new
  car dealerships will be able to use the Interchange, which allows
  dealers, financial institutions and information bureaus to
  communicate and transact instantly and securely.

U.S. Business Unit
- Emergis announced a partnership with leading payment brand Visa
  that dramatically expands the penetration of Emergis' electronic
  invoice presentment and payment technology in the U.S. and
  beyond. Emergis will integrate its electronic invoicing product
  into Visa's commercial payment solutions and provide Visa with
  other payment-related application tools to facilitate
  implementation and adoption among its large commercial customer
  base.

- This business unit has grown from $7.0 million in the first
  quarter of 2001, to $10.5 million in the second, to $19.8 million
  in the current period. It is experiencing extremely strong
  traction around our e-Invoicing solution.

Corporate development
Subsequent to quarter end, BCE Emergis Corporation, a U.S.
subsidiary, won an appeal before the Seventh Circuit Court of
Appeals, relating to a previously disclosed civil suit complaint
that had been filed by First Health Group Corporation in 1996.

Additional financial information is available on the BCE Emergis
web site at www.emergis.com.

N.B: Baseline earnings" is defined as reported net earnings before
"Acquisition-related costs" (amortization of intangibles and the
option on convertible debenture), one-time gains and charges, and
future income tax benefits.

BCE Emergis is a premier e-commerce infrastructure provider,
strategically focusing on market leadership in the
transaction-intensive eHealth and financial services sectors. By
layering technologically advanced e-commerce services on existing
Internet-based platforms, Emergis offers its customers increasing
value in their e-commerce adoption and ever-increasing levels of
sophisticated services. These scalable solutions electronically
transform business processes, such as buying, selling, invoicing
and payment, and enable companies to succeed in the web-centric,
cost-driven, and highly competitive global Internet economy. BCE
Emergis' customers include leading North American banks and
insurance companies. The Company's shares are included in the TSE
100 composite index.

This news release contains forward-looking statements, which are
subject to a number of risks, uncertainties and assumptions. Actual
results and events may vary significantly. Factors which could
cause actual results or events to differ materially from current
expectations include, among other things: uncertainty as to whether
BCE Emergis' strategies will yield the expected benefits and growth
prospects, the current negative trends in North American economic
conditions, BCE Emergis' ability to expand its operations in the
United States particularly in the ehealth and financial sectors,
the extent of its customers' use of its exchanges and services and
the ability to integrate efficiently new acquisitions. For
additional information with respect to certain of these and other
factors, see the Annual Information Form of the Company filed with
securities commissions. THE FORWARD-LOOKING STATEMENTS CONTAINED IN
THIS PRESS RELEASE REPRESENT BCE EMERGIS EXPECTATIONS AS AT OCTOBER
24, 2001 AND, ACCORDINGLY, ARE SUBJECT TO CHANGE AFTER SUCH DATE.
HOWEVER BCE EMERGIS DISCLAIMS ANY INTENTION OR OBLIGATION TO UPDATE
OR REVISE ANY FORWARD-LOOKING STATEMENTS, WHETHER AS A RESULT OF
NEW INFORMATION, FUTURE EVENTS OR OTHERWISE.

For information:

For media :                        For investors:
Sylvia Morin                       John Gutpell
Director, Corporate Communications Director, Investor Relations
(514) 868-2358                     (514) 868-2232
e-mail : sylvia.morin@emergis.com e-mail: john.gutpell@emergis.com

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