Richmond, B.C. - MacDonald, Dettwiler and Associates Ltd. (TSX: MDA), a provider of essential information solutions, announced today that National Homes Network (NHN) has launched their fully electronic precursor Home Information Pack (HIP) service. This service, which is based on MDA's precursor HIP solution and production facility, is offered by NHN to its network of independent real estate agents representing 220 member offices. MDA is receiving consideration for these packs.
The NHN HIP service, provided by MDA, will enable NHN agents to be among the first estate agents in England and Wales to offer home sellers the opportunity to market their properties with a Pre-Sale Information Pack - a pre-cursor to the Government's Home Information Pack.
Legislation to introduce Home Information Packs (HIPs) was part of the Housing Bill which became an Act in the United Kingdom in November 2004. Under the housing act, from June 1 2007 onward homeowners and their selling agents will be required to obtain a regulated HIP when listing homes for sale, and to make a copy of the pack available to prospective buyers.
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 worldwide.
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 2,700 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.
About National Homes Network (NHN)
The NHN is a specially selected and approved group of independent estate agents throughout England, Scotland, Wales and Southern Ireland, with approximately 200 offices in total. They are recognised for their professionalism and standards of service. Additionally, the network encompasses its own associated international offices covering the whole of the USA, Australia & New Zealand, and Spain, together with other connections in over 30 countries worldwide.