Emergis' electronic mortgage processing solution now available through BC OnLine
Montréal, November 6, 2007 — Emergis Inc. (TSX: EME)
today announced that it has entered into a two-year renewable agreement with the
Province of British Columbia and MacDonald, Dettwiler and Associates Ltd. (MDA)
whereby Emergis' Assyst Real Estate electronic mortgage processing solution was
recently made available to the approximately 2,000 real estate lawyers and notaries
who are registered customers of BC OnLine at www.bconline.gov.bc.ca. BC OnLine,
which is operated by MDA, is the province's e-service delivery channel, used by
the BC real estate legal community throughout the mortgage process to obtain information
on properties and register real estate titles.
"Our agreement with the Province and MDA represents another significant milestone
in the national roll out of Assyst Real Estate as we introduce our electronic real
estate solution in British Columbia," said Keith Nugara, Senior Vice-President,
Financial Services Market at Emergis. "Our successful breakthrough in the BC legal
market is a clear demonstration of our ability to adapt our solution to each province's
specific legal environment and accelerate the adoption of new technologies in the
legal community."
"We are confident that Emergis' Assyst Real Estate solution will help us deliver
on our commitment to offer value-added online services in partnership with the Province.
The solution will bring real benefits to BC's legal professionals," said Allan Crawshaw,
general manager responsible for running BC OnLine operations.
The BC OnLine e-service delivery channel offers easy access to a wide range of British
Columbia provincial and municipal government information on a variety of subjects,
including land and real estate property. BC's notaries and real estate lawyers use
BC OnLine to perform a variety of preliminary searches and register mortgage documents
and deeds. Lawyers and notaries can access the Emergis Assyst Real Estate solution
directly through BC OnLine, thus accelerating its adoption by the BC legal community.
The Emergis Assyst Real Estate solution is a bilingual, web-based application that
links legal professionals and lenders electronically to facilitate instructing,
registering, reporting and completing of mortgage loans. Assyst Real Estate speeds
up the processing of mortgage transactions, reduces paperwork, cuts costs and lowers
the risk of clerical error. As part of the national roll out of Assyst Real Estate
in partnership with a major Canadian bank, Emergis also recently began offering
the solution to lawyers in Ontario. The Company plans to make it available in the
Western provinces by the end of 2007 and in the Atlantic provinces during 2008.
In order to accelerate market adoption, Emergis has signed integration agreements
with suppliers of real estate software to the legal community, such as Do Process
Software in Ontario as well as OneMove Technologies and Pro Suite in British Columbia.
It also recently concluded a five-year preferred vendor agreement in BC with The
Society of Notaries Public of British Columbia. In addition, Emergis also concluded
an exclusive five-year, Canada-wide preferred vendor
agreement with the Canadian Bar Association to further promote the adoption of Assyst
Real Estate among its 35,000 members across the country.
For more information about Assyst Real Estate, visit
www.emergis.com/RealEstate.
About Emergis
Emergis is an IT leader in Canada that focuses on the health and financial services
sectors. It develops and manages solutions that automate transactions and the secure
exchange of information to increase the process efficiency and quality of service
of its customers. Emergis has expertise in electronic health-related claims processing,
health record systems, pharmacy management solutions, cash management and loan document
processing and registration. In Canada, Emergis delivers solutions to major insurance
companies, top financial institutions, government agencies, hospitals, large corporations,
real estate lawyers and notaries and 3,100 pharmacies. Its electronic health record
solutions are also delivered in the U.S. and Australia. The Company's shares (TSX:
EME) are included in the S&P/TSX Composite Index.
Certain information in this news release is forward-looking within the meaning of
certain securi¬ties laws and is subject to important risks, uncertainties and
assumptions. The results or events predicted in such forward-looking information
may differ materially from actual results or events. The words “may”,
“could”, “should”, “would” and similar words
and expressions are used to identify forward-looking information. Material factors
which could cause actual results or events to differ materially include, among others:
general economic factors, adverse industry events, the adoption rate of the Company’s
solutions, its ability to deliver development and implementation projects in a timely
manner, the non-renewal of major contracts which expire in the near term, complexities
and timing of signing large customer contracts, exposure under contract indemnities,
defects in software or failures in the processing of transactions and security and
privacy breaches. In making the forward-looking information contained in this news
release, the Company has assumed that these and other material factors will not
result in such forward-looking information differing materially from actual results
or events, and has assumed the renewal and signing of certain customer contracts
and the realization of certain projects. It has not assumed any significant acquisitions,
dispositions or one-time items. When relying on the Company’s forward-looking
information to make decisions, investors and others should carefully consider the
foregoing factors and other uncertainties and potential events. For additional information
with respect to certain of these and other factors, refer to the risks and uncertainties
section of the Company’s 2006 MD&A and to its 2006 Annual Information
Form (risks and uncertainties) filed with Canadian securities regulators and available
at sedar.com.
THE FORWARD-LOOKING INFORMATION CONTAINED IN THIS NEWS RELEASE REPRESENTS THE EXPECTATIONS
OF EMERGIS AS OF NOVEMBER 6, 2007 AND, ACCORDINGLY, IS SUBJECT TO CHANGE AFTER SUCH
DATE. HOWEVER, EMERGIS EXPRESSLY DISCLAIMS ANY INTENTION OR OBLIGATION TO UPDATE
OR REVISE ANY FORWARD-LOOKING INFORMATION, WHETHER AS A RESULT OF NEW INFORMATION,
FUTURE EVENTS OR OTHERWISE, EXCEPT AS REQUIRED BY APPLICABLE LAW.