RICHMOND, BC, March 27 /CNW/ - MacDonald, Dettwiler and Associates Ltd.
(TSX: MDA), a provider of essential information solutions, announced today
that the average sign-up rate for MDA's Home Information Pack (HIP) service by
independent estate agent offices has accelerated recently, as the June 1, 2007
compulsion date is drawing closer.
In the first half of 2006, MDA announced that it had entered into
alliances with three large Estate Agent Associations who were seeking to offer
a white label HIP service to their members: National Homes Network, Homelink
Network of the National Association of Estate Agents, and The Guild of
Professional Estate Agents.
As of March 20, 2007 MDA has entered into agreements with 474 independent
estate agency offices belonging to these associations. The average sign-up
rate has been around 30 offices per week recently, representing a major
acceleration since January. Of those offices signing with MDA, approximately
65% are committing all or the majority of their HIP volumes to MDA. The
remainder represents registrations without specified volume commitment levels.
These sign-ups represent predominantly independent estate agent offices
that do not belong to the top-50 estate agencies and who have decided to buy
HIPs through their association's membership services.
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 earth and space based 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.
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)