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For immediate release: August 19, 2003 MDA Expands Valuation Products OfferingRichmond, B.C. - MacDonald, Dettwiler and Associates Ltd. (TSX: MDA) announced today that the company's DataQuick subsidiary has formed a strategic alliance with FNC Inc. that will considerably expand the company's product offering to banks and appraisal firms in the United States.MDA's Information Products group provides property information based on its proprietary database and actual property sales data. Mortgage lenders and appraisers use this essential information to make decisions every day. Through the new strategic alliance announced today, MDA's information products will also incorporate one of the largest proprietary appraisal databases available in the United States into its products. "This is a significant step for our company in the growing valuation market, " said DataQuick President Marshall Prentice. "The accuracy and the usefulness of valuation products depend on the depth and quality of the data used. By adding appraisal data to our offering, we're able to provide greater value to our customers."
For more information, please contact: Ted Schellenberg Media Relations MacDonald Dettwiler Telephone: (604) 231-2215 E-mail: teds@mda.ca |