RICHMOND, BC, Aug. 6 /CNW/ - MacDonald Dettwiler and Associates Ltd.
(TSX: MDA), a provider of essential information solutions, announced today
that the Landcor Property Valuator, an automated property valuation service,
will now be available through BC OnLine.
The addition of this information to BC OnLine's current offerings, will
allow financial institutions, lawyers, notaries and those involved in the
lending process to access accurate information for mortgage and insurance
needs. The automated valuation solution determines a property's value by
analyzing recent sales of similar properties, and producing a home valuation
report immediately, as opposed to the current timeframe of two to three days.
Allan Crawshaw, MDA's general manager responsible for BC OnLine said
'Property valuations are critical to the lending process. Making them
electronically available from the desktop accelerates the exchange of
information, speeds decision making and is another important step in
streamlining the whole conveyance process.'
MDA has worked closely with Landcor Data Corporation over the past year
to make the service available through BC Online.
BC OnLine, is a public-private partnership initiated in 2000, between the
Government of BC and MDA, and provides Internet access to e-government and
other services for Legal, Business, Government and Professionals. BC OnLine
customers already access information on Land Titles, BC Assessment and Tax
Certificates; and will now be able to access automated property valuations.
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)