Emergis signs integration agreement with RemoteLaw to offer its Assyst Real
Estate solution to the B.C. legal community
Montréal, November 9, 2006 - Emergis Inc. (TSX:
EME) today announced that it has signed an agreement with RemoteLaw Online Systems
Corp. of Vancouver to integrate Emergis' Assyst Real Estate solution for
completing mortgage transactions with RemoteLaw's web-based econveyanceTM
software. The three-year agreement targets Assyst Real Estate to be offered
to all of RemoteLaw's econveyance users and the British Columbia law community
by the spring of 2007. RemoteLaw is a wholly owned subsidiary of OneMove Technologies
Inc. (TSX-V: OM).
"This agreement with RemoteLaw is another important milestone in Emergis'
strategy to extend its Assyst Real Estate mortgage solution to lawyers and lenders
across Canada," said Mark O'Connell, Executive Vice-President at
Emergis. "Our agreement with RemoteLaw will provide us with a valuable
head start on our move into British Columbia, and accelerate adoption by the
legal community. It follows on our recent signing of the largest residential
mortgage lender in the country with over 15% of the Canadian mortgage market."
"RemoteLaw is extremely pleased to partner with Emergis in this enhancement
of the econveyance software," said Martin R. Johnson, President and CEO
of OneMove. "With the addition of Emergis' mortgage solution, we
are able to close the transaction loop between the real estate agent, the lawyer
and the lender. Our partnership allows us to offer a more complete solution
for conveyancing practitioners within the real estate market, with seamless
integration and sharing of information to streamline the process and remove
human error from the transaction."
Assyst Real Estate is a bilingual mortgage solution designed to facilitate
instructing, funding and reporting of mortgage loans for lenders and the legal
community. With it, lenders can send mortgage instructions electronically to
notaries, lawyers and their staff in real time. In turn, these professionals
can complete mortgage transactions from end to end online, in a more secure
and confidential manner. Assyst Real Estate speeds up the processing of transactions,
reduces paperwork, cuts back on costs, and reduces the risk of clerical error.
In 2002, Emergis launched its mortgage solution in Québec and has since
seen adoption increase to the point where more than 80% of real estate notaries
in the province are using it today. The Association professionnelle des notaires
du Québec (APNQ) recently renewed its agreement with Emergis through
which APNQ will continue to support the use of Emergis' mortgage solution
among its notary members. APNQ will also continue to gather recommendations
from its members in order for Emergis to regularly enhance its solution and
adapt it to the changing needs of the legal community, as well as of lenders.
RemoteLaw is a software application development company based in Vancouver,
Canada. RemoteLaw's web-based software is utilized within the real estate
and conveyancing industries in both Canada and the United Kingdom.
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
exchange of information to increase the process efficiency and quality of service
of its clients. 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 and its subsidiaries
deliver solutions to the main insurance companies, top financial institutions,
government agencies, hospitals, large corporations, real estate lawyers and
notaries and approximately 40% of all pharmacies. It also provides solutions
to the world's leading payment association. The Company's shares (TSX:
EME) are included in the S&P/TSX Composite Index.
Certain information in this news release, in various filings with Canadian
regulators, in reports to shareholders and in other communications, is forward-looking
within the meaning of certain securi¬ties laws, and is subject to important
risks, uncertainties and assumptions. This forward-looking information includes,
among others, information with respect to the Company's objectives and
the strategies to achieve those objectives, as well as information with respect
to the Company's beliefs, plans, expectations, anticipations, estimates
and intentions. The words "may", "could", "should",
"would", "suspect", "outlook", "believe",
"anticipate", "estimate", "expect", "intend",
"plan", "target" and similar words and expressions are
used to identify forward-looking information. The forward-looking information
in this news release describes the Company's expectations as of November
9, 2006.
The results or events predicted in such forward-looking information may differ
materially from actual results or events. Material factors which could cause
actual results or events to differ materially from a conclusion, forecast or
projection in such forward-looking information include, among others: general
economic factors, adverse industry events, the adoption rate of the Company's
solutions by customers and by related electronic trading communities, the non-renewal
of major contracts which expire in the near term, complexities and the timing
of signing government contracts, customers developing internally the capability
to perform the services which the Company performs on their behalf, the Company's
response to its industry's rapid rate of change, competition, pricing
pressures, fluctuations in its operating results, its ability to make and integrate
acquisitions, failures or material changes in its strategic relationships, exposure
under contract indemnities, defects in software or failures in the processing
of transactions, security or privacy breaches, the Company's ability to
attract and retain key personnel, its ability to protect its intellectual property,
intellectual property infringement claims, and industry and government regulation.
Emergis cautions that the foregoing list of material factors is not exhaustive.
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. In making the forward-looking information
contained in this news release, the Company does not assume any significant
acquisitions, dispositions or one-time items. It does assume, however, the renewal
of certain customer contracts. Every year, Emergis has major customer contracts
that it needs to renew. Some of these may represent slightly more than 10% of
its annual revenue. In addition, the Company also assumes the signature of contracts
in new markets in the public health sector. In this regard, Emergis is pursuing
large opportunities that present a very long and complex sales cycle, which
substantially affect the Company's forecasting abilities. The Company
has made certain assumptions regarding the timing of the realization of these
opportunities which it thinks is reasonable but which may not be achieved. Furthermore,
the pursuit of these larger opportunities does not ensure a linear progression
of the Company's revenue and earnings, since they may involve significant
up-front fees followed by reduced ongoing payments. The Company has assumed
a certain progression, which may not be realized. It has also assumed that the
material factors referred to in the previous paragraph will not result in such
forward-looking information to differ materially from actual results or events.
However, the list of these factors is not exhaustive and is subject to change
and there can be no assurance that such assumptions will reflect the actual
outcome of such items or factors. For additional information with respect to
certain of these and other factors, refer to the risks and uncertainties section
of the MD&A in the Company's 2005 Annual Report and to its 2005 Annual
Information Form (risks and uncertainties) filed with Canadian regulators.
THE FORWARD-LOOKING INFORMATION CONTAINED IN THIS NEWS RELEASE REPRESENTS THE
EXPECTATIONS OF EMERGIS AS OF NOVEMBER 9, 2006 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.