RICHMOND, BC, May 22 /CNW/ - MacDonald, Dettwiler and Associates Ltd.
(TSX: MDA), a provider of essential information solutions, announced today it
has introduced new cost-effective due diligence Search Packs. HIPs provide
basic information for the seller's solicitor to pass to the buyer's solicitor.
More than 50% of the buyer's solicitors are continuing to replace the searches
in the HIP, and adding extra searches as standard, such as environmental and
chancel searches to maintain due diligence for their client. The new packs
have been put together to make it easier for law firms, conveyancers, and
estate agents to supplement a Home Information Pack (HIP) by ordering their
additional core due diligence searches more quickly, and in one electronic
transaction.
With MDA's system, combined with its ability to provide rapid access to
search information through the NLIS Hub, property professionals will receive
increased efficiency in the process thus allowing greater response time for
their clients.
About MDA
MDA provides advanced information solutions that capture and process vast
amounts of data, produce essential information, and improve the decision
making and operational performance of business and government organizations
worldwide.
Focused on markets and customers with strong repeat business potential,
MDA delivers a broad spectrum of information solutions, ranging from complex
operational systems, to tailored information services, to electronic
information products.
MDA employs more than 3,000 people in locations across the United States,
the United Kingdom, and Canada. The Company's common shares trade on the
Toronto Stock Exchange under the symbol TSX:MDA.
Related Websites:
www.mdacorporation.com
www.searchflow.co.uk
Forward-Looking Statements
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This release contains forward-looking statements and information, which
reflect the current view of MacDonald, Dettwiler and Associates Ltd. with
respect to future events and financial performance. Any such forward-looking
statements are subject to risks and uncertainties and MDA's actual results of
operations could differ materially from historical results or current
expectations. Additional information on these and other potential factors that
could affect MDA's financial results are detailed in documents filed from time
to time with the applicable Canadian securities regulatory authorities.
The Toronto Stock Exchange has neither approved nor disapproved the form
or content of this release.
For further information: Wendy Keyzer, MDA External Relations, (604)
231-2743, wendy@mdacorporation.com
