Richmond, B.C. - MacDonald, Dettwiler and Associates Ltd. (TSX: MDA), a provider of essential information solutions, announced today that it has signed an exclusive contract with the Homelink Network of the National Association of Estate Agents (NAEA Homelink). The agreement enables NAEA Homelink to distribute MDA-produced home information packs (HIPs) to its 750 members. These HIPs will be branded and marketed as Homelink HIPs.
NAEA is one of the largest estate agency associations in the UK providing friendly and professional property services in the UK. Homelink members will be able to integrate HIPs into their property service offerings well in advance of the UK HIP compulsion date of June 1, 2007.
Daniel Friedmann, President and CEO of MDA commented: “MDA is committed to serving all sectors of the HIP market. In the Estate Agent sector, MDA has agreements with two of the largest associations, Homelink and movewithus, and with the largest independent, Spicerhaart.”
Peter Bolton King, Chief Executive of the National Association of Estate Agents said: “The introduction of HIPs is a huge change for our industry and a significant challenge for our members. By signing this agreement with MDA, we believe that NAEA Homelink has chosen a trusted solution that will ensure that our members will be successful.”
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 NAEA Homelink
NAEA HomeLink is a referral network of National Association of Estate Agents’ members working with like-minded professionals committed to making the moving experience straightforward by providing you with access to a professional friendly property service.
NAEA Homelink is the membership organisation of the National Association of Estate Agents (NAEA), the largest professional estate agency organisation in the UK. The NAEA represents 10,000 members and is committed to raising professional standards across all aspects of the property market for the benefit of member agents and ultimately the house moving public.
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.