RICHMOND, BC, Sept. 16 /CNW/ - MacDonald, Dettwiler and Associates Ltd.
(TSX: MDA), a provider of essential information solutions, announced today
that MDA Lending Solutions has expanded a service agreement with a leading
international bank to provide them with a property valuation solution,
including appraisal services, to support the lender's loan origination
process. This award reflects the expansion of an existing relationship to
include a larger territory within the United States.
MDA will deliver accurate property values on residential properties
across the US, by leveraging its national property database and automated
quality control processes, dramatically reducing the time required to approve
Mike Dealy, president of MDA Lending Solutions stated, 'The award of this
new business demonstrates our commitment to the needs of lenders in today's
volatile market. MDA's focus on delivering advanced information solutions, as
well as traditional services including licensed appraisals, was a key driver
in winning this business.'
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
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
MDA employs more than 3,300 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.
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:
For further information: Wendy Keyzer, MDA External Relations, (604)