Intermap Technologies Acquires GIS Applications Developer, MMC, to Support Solutions-Based Products for Emerging Geospatial Markets



    DENVER, March 6 /CNW/ - Intermap Technologies Corp. (TSX:IMP)(AIM:IMAP)
today announced it has acquired the shares and ongoing operations of
MultiMedia Computer s.r.o. (MMC), a Czech Republic software development
company.

    The acquired business includes a current customer base, a recurring
revenue stream, and a unique software development platform that Intermap has
previously used to develop customer applications. MMC has also successfully
used its software and the technical expertise of its 20-person staff to
develop and deploy flood-mapping applications while securing strong
relationships within the European insurance industry. The acquisition of MMC
will enable Intermap to evolve its product offerings from pure data sales to
solution-based applications for specific markets where strong demand for 3D
digital elevation data exists.

    "The acquisition of MMC allows Intermap to quickly deliver highly
innovative solutions to our customers worldwide," explained Brian Bullock,
president and CEO of Intermap Technologies. "MMC's current success in the
insurance industry will be leveraged into additional markets within our
geographic reach. For example, MMC's technological expertise will help propel
Intermap into the emerging recreational PND and advanced driver assistance
systems arenas. Additionally, MMC will support our continued efforts to bundle
progressive solutions for existing enterprise and government markets."

    Since its founding in 1992, MMC has successfully developed scalable
software-based solutions for GIS applications, geographic data processing, and
location-based services. MMC's robust Web-enabled platform allows customers to
access geospatial solutions by connecting them to the platform's applications
via central servers using traditional desktop applications, Web browsers, and
mobile computing devices. Of particular value is the high level of security
the platform provides that many competing applications cannot deliver.

    "As a result of our historical relationship with Intermap, the seamless
integration of MMC's applications into Intermap's product offerings should
provide immediate and significant value to Intermap's customers," commented
Zdenek Drbohlav, CEO of MMC. "The merging of MMC's triumvirate of dedicated
people, sophisticated tools, and solid insurance relationships with Intermap's
superior 3D digital elevation data and internationally recognized leadership
role within the evolving geospatial community, will ensure Intermap's
transition to a preeminent solutions-based provider."

    About Intermap Technologies

    Intermap enables customers to facilitate better decision-making and
create applications for numerous commercial, governmental, military, and
consumer products through the purchase of high quality and affordable
elevation datasets. The Company is proactively remapping entire countries and
building unprecedented national databases, called NEXTMap, consisting of
highly accurate digital topographic maps that include elevation data.

    Demand for NEXTMap data is growing as new commercial applications are
emerging, including geographical information systems (GIS), engineering
planning, transportation, automotive, navigation, flood, irrigation,
environmental management and planning, telecommunications/wireless network
planning, aviation, simulation, and 3D visualization. Internet applications
include virtual tours, topographic maps and computer games. Datasets are also
used to add interactive intelligence to airborne and satellite imagery.

    Headquartered in Denver, Colorado, Intermap employs more than 400 people
worldwide, with additional offices in Calgary, Detroit, Jakarta, London,
Munich, Ottawa, and Prague. For more information, visit www.Intermap.com.




For further information:

For further information: Intermap Technologies Richard Mohr,
303-708-0955 Senior Vice President & Chief Financial Officer
rmohr@Intermap.com or E-vestor Communications Inc. Corbet Pala, 416-657-2400
(Canada - Financial) Investor Relations cpala@evestor.com or Genesis Select
Corporation Budd Zuckerman, 303-415-0200 (United States - Financial) Investor
Relations bzuckerman@genesisselect.com or Canaccord Adams Limited Neil Johnson
or Clayton Bush, +(44) (0) 20 7518 2777 (United Kingdom - AIM, Nominated
Advisor)


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