CGI Holding Corporation's WebSourced Subsidiary Acquires Smart Interactive; Mike Grehan to Lead UK Search Engine Marketing Initiative

RESEARCH TRIANGLE PARK, N.C.--()--March 24, 2005--

  Internationally Renowned Search Engine Marketing Expert, Mike Grehan, Will Spearhead WebSourced's Expansion Into Great Britain and Europe  



WebSourced, Inc., a leader in search engine marketing (www.websourced.com) and a wholly owned subsidiary of CGI Holding Corporation (AMEX:THK)("Company"), today announced that the Company has acquired the assets of Smart Interactive Ltd. ("Smart Interactive"), a leading provider of search engine marketing services to companies throughout Great Britain and Europe (see www.smart-interactive.co.uk). The terms of the transaction were not disclosed.

Based in Newcastle, England, Smart Interactive is led by world-renowned search engine expert, Mike Grehan. He is the author of the best-selling book "Search Engine Marketing" and one of Europe's most recognized and sought-after search engine marketing speakers. Grehan was also recently named one of the UK Internet industry's Top 100 most influential people for the past decade by more than 22,000 members of London-based e-Consultancy. Grehan has more than a decade of experience in the search engine industry and has worked with dozens of FTSE 100 companies and Fortune 500 corporations.

WebSourced is the world's largest search engine marketing company. The Company provides clients with organic search engine optimization, paid inclusion and pay-per-click advertising services. WebSourced also helps companies secure a well-rounded online marketing presence that will generate new business. The Company's roster of 1,400 plus clients includes such market leaders as Lowe's Home Improvement, NBC, Black & Decker, DeWALT and CitiFinancial.

The acquisition of Smart Interactive will position WebSourced with a full-time, fully staffed UK office. This will set the stage for the Company to expand services in Great Britain and throughout the rest of Europe.

"WebSourced is the world's largest search engine marketing company. They approached me with an attractive offer and demonstrated a genuine commitment to emulating the huge success they've had elsewhere, here in the UK and Europe," said Grehan. "Having met the management and staff at WebSourced's headquarters in North Carolina, I was very impressed with the operation. The use of superior proprietary technology at the back end and the professional human touch at the customer end simply endorses the reasons why they have become market leaders."

Pat Martin, CEO and President of WebSourced, stated, "Smart Interactive, led by Mike Grehan, is one of the most recognized and trusted names in the UK search marketing industry. With Forrester Research predicting the European search marketing industry to grow by 65 percent in 2005 and reach EUR 3 billion by 2010, this is an important acquisition for WebSourced and one that will allow us to quickly expand our European client base." Martin continued, "No other search marketing company in the world can boast a line-up of experts such as Mike Grehan, Andy Beal, Heather Lloyd-Martin, Jason Dowdell and Garrett French."

Added Andy Beal, vice president of marketing for WebSourced, "Mike Grehan is without doubt one of the top search engine experts in the world. His experience, knowledge and excellent reputation among Europe's largest companies, will allow us to become the first U.S. search marketing company to successfully expand into Great Britain and Europe."

About WebSourced

Founded by CEO and President S. Patrick Martin, WebSourced, Inc. is a global leader in Internet marketing, with its www.KeywordRanking.com service specializing in improving Web site visibility in major search engines. Information on CGI Holding Corporation, which intends to seek shareholder approval to change its name to Think Partnership Inc., and its filings can be viewed at http://www.cgiholding.com.

Statements made in this press release that express the Company's or management's intentions, plans, beliefs, expectations or predictions of future events, are forward-looking statements. The words "believe", "expect", "intend", "estimate", "anticipate", "will" and similar expressions are intended to further identify such forward-looking statements, although not all forward-looking statements contain these identifying words. Those statements are based on many assumptions and are subject to many known and unknown risks, uncertainties and other factors that could cause the Company's actual activities, results or performance to differ materially from those anticipated or projected in such forward-looking statements. Other factors that could cause the Company's actual activities, results or performance to differ materially include risks and uncertainties relating to: limited operating history; new business model; historical losses; volatile stock price; difficulty of identifying and closing acquisitions; potential dilution; difficulty integrating acquisitions; difficulty managing growth; availability of skilled labor; dependence on key personnel; lack of long-term contracts; lack of brand awareness; dependence on Internet and telecommunications infrastructure; regulations; dependence on Internet and search engines; competition; future of search engine optimization; taxation; numerous online dating industry risks; need to attract paying members; member acquisition costs; rapid technological change; service interruptions; dependence on affiliates and third party providers; information liability; hurricanes and other catastrophes; issues regarding adult content; physical and emotional safety of users; security breaches; viruses; credit card fraud; protection of intellectual property; insider control; no dividends; provisions of Nevada law; and other factors and risks discussed in the Company's filings with the Securities and Exchange Commission. The Company cannot guarantee future financial results, levels of activity, performance or achievements; and investors should not place undue reliance on the Company's forward-looking statements. The forward-looking statements contained herein represent the judgment of the Company as of the date of this press release, and the Company expressly disclaims any intent, obligation or undertaking to update or revise such forward-looking statements to reflect any change in the Company's expectations with regard thereto or any change in events, conditions or circumstances on which any such statements are based.

Contacts

WebSourced, Inc.
Andy Beal, 919-433-3004
Andy@websourced.com
or
WordSmith Communications
Glenna Musante, 919-782-2360 or 800-849-2118, ext. 126
gmusante@marketsmart.net

Contacts

WebSourced, Inc.
Andy Beal, 919-433-3004
Andy@websourced.com
or
WordSmith Communications
Glenna Musante, 919-782-2360 or 800-849-2118, ext. 126
gmusante@marketsmart.net