Richmond, B.C. - MacDonald, Dettwiler and Associates Ltd. (TSX: MDA), a provider of essential information solutions, announced today that it has signed a contract with The Guild of Professional Estate Agents (Guild). The agreement equips the Guild, and associated Fine & Country, to sell under its own brand name MDA-produced home information packs (HIPs) to its members, consisting of over 800 estate agent offices throughout the country.
The Guild is the fourth largest estate agent association in the UK, providing a suite of professional property services to assist its members. Through this agreement Guild members will be able to include HIPs in their service offerings well in advance of the 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 now agreements with three of the four largest associations, The Guild, Homelink and movewithus.”
Malcolm Lindley, Managing Director of The Guild said: “The introduction of HIPs is a significant challenge for our members. By signing this agreement with MDA, we believe that The Guild has secured a qualified and committed HIP supplier that our members can rely on.”
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 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.
About The Guild of Professional Estate Agents
The Guild of Professional Estate Agents is a network of approaching 700 successful independent estate agents whose combined strength and experience helps with selling houses and together with their Fine and Country brand gives access to over 800 residential estate agency offices in the UK.
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.