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<P ALIGN=CENTER>UNITED STATES
<BR>
SECURITIES AND EXCHANGE COMMISSION </P>

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<P ALIGN=CENTER>Washington, D.C. 20549 </P>

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<P ALIGN=CENTER><b>FORM 8-K</b></P>

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<P ALIGN=CENTER>CURRENT REPORT </P>

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<P ALIGN=CENTER>Pursuant
to Section 13 or 15(d) of the Securities Exchange Act of 1934 </P>

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<A NAME=A006></A>
<P ALIGN=CENTER>Date of Report:
February 15, 2005
<br>
(Date of earliest event reported) </P>

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<b>CGI HOLDING CORPORATION</b><BR>
(Exact name of registrant as specified in its charter)</P>


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<td width="33%" align="center">Nevada<br>(State or other
jurisdiction of incorporation)</td>
<td width="33%" align="center">33-19980-D<br>(Commission File
No.)</td>
<td width="33%" align="center">87-0450450<br>(IRS Employer
Identification No.)</td>
</tr>
</table>



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<P ALIGN=CENTER>100 North Waukegan Road
<br>
Suite 100
<br>
Lake Bluff, Illinois 60044
<br>
(Address of Principal Executive Offices) </P>

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<P ALIGN=CENTER>(847) 615-2890
<br>
(Registrant&#146;s telephone number, including area code) </P>

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<A NAME=A017></A>
<P ALIGN=CENTER>NOT APPLICABLE
<br>
(Former name or former address, if changed since last report) </P>

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<P>Check the appropriate box below if
the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the
registrant under any of the following provisions (see General Instruction A.2. below): </P>

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<img src="ballot.jpg"> Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
<br>
<br>
<img src="ballot.jpg"> Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
<br>
<br>
<img src="ballot.jpg"> Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
<br>
<br>
<img src="ballot.jpg"> Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) </P>


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Item 1.01  Entry into a Material Definitive Agreement.

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<P>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;On
February 15, 2005, CGI Holding Corporation, a Nevada corporation (the &#147;Company&#148;)
entered into an amendment (the &#147;Amendment&#148;) of that certain Merger Agreement by
and among the Company, Proceed Acquisition Sub, Inc., an Illinois corporation and wholly
owned subsidiary of the Company (&#147;Acquisition Sub&#148;), Meandaur, Inc. d/b/a
Proceed Interactive, a Wisconsin corporation (&#147;Proceed&#148;) and Bruce A. Findley,
Jonathan Schepke and Stephen Schepke, the shareholders of Proceed. The Amendment extends
the termination date of the Merger Agreement until August 31, 2005. Additionally, the
Amendment requires Proceed to deliver to the Company audited financial statements as of
and for the six-month period ended June 30, 2005 (the &#147;Six Month Financial
Statements&#148;). </P>

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<P>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
closing of the merger remains subject to the Company completing its due diligence of
Proceed the results of which shall be satisfactory to the Company, in its sole discretion.
In addition, Proceed shall have delivered the Six Month Financial Statements to the
Company on or before August 15, 2005 and such financial statements shall be satisfactory
to the Company in its sole discretion. As such, there can be no assurance that the Company
will acquire Proceed as contemplated by the Merger Agreement, as amended. </P>


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<P ALIGN=center><b>SIGNATURES</b></P>

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<P>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Pursuant
to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused
this report to be signed on its behalf by the undersigned hereunto duly authorized. </P>

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<A NAME=A019></A>
<P>Dated: February 21, 2005 </P>


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    <td colspan="2">CGI HOLDING CORPORATION.<br><br><br></td>
  </tr>
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    <td width="1%">By:</td>
    <td>/s/ Gerard M. Jacobs</td>
  </tr>
  <tr>
    <td>&nbsp;</td>
    <td><HR></td>
  </tr>
  <tr>
    <td>Name:&nbsp;&nbsp;</td>
    <td>Gerard M. Jacobs</td>
  </tr>
  <tr>
    <td>Title:</td>
    <td>President and Chief Executive Officer</td>
  </tr>
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{"company-data": {"conformed-name": "CGI HOLDING CORP", "cik": "0000829323", "assigned-sic": "7370", "irs-number": "870450450", "state-of-incorporation": "NV", "fiscal-year-end": "0930"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "033-19980-D", "film-number": "05631057"}, "business-address": {"street1": "300 N MANNHEIM", "city": "HILLSIDE", "state": "IL", "zip": "60162", "phone": "7083570900"}, "mail-address": {"street1": "300 N MANNHEIM", "city": "HILLSIDE", "state": "IL", "zip": "60162"}, "former-company": [{"former-conformed-name": "GEMSTAR ENTERPRISES INC", "date-changed": "19920703"}, {"former-conformed-name": "NORTH STAR PETROLEUM INC", "date-changed": "19900530"}]}
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant
to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report:
February 15, 2005
(Date of earliest event reported)
CGI HOLDING CORPORATION
(Exact name of registrant as specified in its charter)
Nevada
(State or other
jurisdiction of incorporation)
33-19980-D
(Commission File
No.)
87-0450450
(IRS Employer
Identification No.)
100 North Waukegan Road
Suite 100
Lake Bluff, Illinois 60044
(Address of Principal Executive Offices)
(847) 615-2890
(Registrant's telephone number, including area code)
NOT APPLICABLE
(Former name or former address, if changed since last report)
Check the appropriate box below if
the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the
registrant under any of the following provisions (see General Instruction A.2. below):
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Item 1.01  Entry into a Material Definitive Agreement.
On
February 15, 2005, CGI Holding Corporation, a Nevada corporation (the "Company")
entered into an amendment (the "Amendment") of that certain Merger Agreement by
and among the Company, Proceed Acquisition Sub, Inc., an Illinois corporation and wholly
owned subsidiary of the Company ("Acquisition Sub"), Meandaur, Inc. d/b/a
Proceed Interactive, a Wisconsin corporation ("Proceed") and Bruce A. Findley,
Jonathan Schepke and Stephen Schepke, the shareholders of Proceed. The Amendment extends
the termination date of the Merger Agreement until August 31, 2005. Additionally, the
Amendment requires Proceed to deliver to the Company audited financial statements as of
and for the six-month period ended June 30, 2005 (the "Six Month Financial
Statements").
The
closing of the merger remains subject to the Company completing its due diligence of
Proceed the results of which shall be satisfactory to the Company, in its sole discretion.
In addition, Proceed shall have delivered the Six Month Financial Statements to the
Company on or before August 15, 2005 and such financial statements shall be satisfactory
to the Company in its sole discretion. As such, there can be no assurance that the Company
will acquire Proceed as contemplated by the Merger Agreement, as amended.
SIGNATURES
Pursuant
to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused
this report to be signed on its behalf by the undersigned hereunto duly authorized.
Dated: February 21, 2005
CGI HOLDING CORPORATION.
By:
/s/ Gerard M. Jacobs
Name:
Gerard M. Jacobs
Title:
President and Chief Executive Officer