Return to News Index | Open this page in new window for printing


For immediate release: March 9, 2004

MDA Offers Two New Conveyancing Products

MacDonald Dettwiler and Associates Ltd. (TSX: MDA) announced today that its TransAction Online NLIS Channel has added two new online products for use by real estate conveyancers, who process the sale and purchase of properties in England and Wales.

Transaction Online's Planning Searches now make it fast and easy for conveyancers to identify current planning applications, environmental settings, designated sites, and mobile phone mast information for a given property and its surrounding area.

The second new product, Commercial Environment Reports, provide an expert opinion on a property by an environmental consultant. Past and present uses and the condition of a property and its immediate surroundings are researched for potential risks.

Understanding the planning applications and environmental risks connected to a property before a sales transaction is completed adds value to the conveyancing process, and benefits the long-term interests of the purchaser.

Martin Willard, Managing Director of TransAction Online, said: "The addition of these products, so soon after the introduction of the Countrywide Legal Indemnity Insurance products, confirms our aim of offering the most complete web-based solution to conveyancing professionals in the United Kingdom."

NLIS, the National Land Information Service, is part of an initiative to modernize government services in the United Kingdom, with a goal of providing online land and property information for use in property transactions.

Related Websites:
www.mdacorporation.com
www.transaction-online.co.uk



For more information, please contact:

Wendy Keyzer
MDA External Relations
Telephone: 604-231-2743
E-mail: wendy@mdacorporation.com


Return to News Index | Open this page in new window for printing