CGI Holding Corp. of Hillside, IL, has extended the contract of Patrick Martin, president and chief executive officer of the company’s WebSourced subsidiary.

Martin’s new contract is until Dec. 31, 2008. His previous one ended Dec. 31, 2004. Financial terms were not disclosed.

WebSourced, based in RTP, operates KeywordRanking.com, a search engine marketing services, as well as ProRanking.com and online dating site Cherish.com.

“The outstanding growth in WebSourced’s revenues and earnings during the second half of 2003 is a testament to Pat Martin’s leadership, and validates his strategic vision for WebSourced,” stated Gerard Jacobs, CEO of CGI. “Extending Pat’s employment agreement through 2008 ensures his continued hands-on leadership as WebSourced continues to grow and expand its product offerings–.”

WebSourced: www.websourced.com