For immediate release: July 23, 2007
MDA Expands U.K. HIP Distribution Into The Mortgage Sector
Richmond, B.C. - MacDonald, Dettwiler and Associates Ltd. (TSX: MDA), a provider of essential information solutions, announced today that it has entered into a white label reseller agreement with The Mortgage Times Group Limited, the U.K.'s second largest mortgage advisor network.
Under the agreement, MDA will become the preferred supplier of Home Information Packs (HIPs) to The Mortgage Times Group, who will offer MDA's white label HIP product to its network of intermediaries in the mortgage industry, along with its comprehensive range of mortgages, secured loans and general insurance products.
Martin Willard, managing director of MDA Advantage stated: "This agreement with The Mortgage Times Group provides us with a solid foothold in the sector of the HIP market, which will be reached through mortgage advisors, and further diversifies our distributor base."
Chris May, director of The Mortgage Times Group, commented “We’ve put a great deal of time and consideration into how we would approach HIPs, and in conjunction with MDA we’re delighted to provide our intermediary members with what we consider the best possible offering. We look forward to a long and prosperous linkup with MDA.”
About MDA
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.
Related Websites:
www.mdacorporation.com
Forward-Looking Statements
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.
For more information, please contact:
Wendy Keyzer
MDA External Relations
Telephone: 604-231-2743
E-mail: wendy@mdacorporation.com
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