Manatron Receives $4.1 Million CAMA Order From State of Arizona
October 19 2004 - 1:37PM
PR Newswire (US)
Manatron Receives $4.1 Million CAMA Order From State of Arizona
Manatron to provide Property Assessment and Taxation System for
Arizona Department of Revenue KALAMAZOO, Mich., Oct. 19
/PRNewswire-FirstCall/ Manatron, Inc. (NASDAQ:MANA) a leading
provider of software products and services for local governments,
including the revolutionary Government Revenue Management(TM) or
(GRM(TM)) software, today announced that it has executed a contract
with the State of Arizona for Manatron's ProVal Plus(R) computer
assisted mass appraisal (CAMA) software to fulfill property
assessment and taxation needs for the State and 12 of its counties.
This will be the Company's first contract in Arizona, estimated at
$4.1 million over a seven year period and covers all but three
counties. The Company is planning to begin this implementation in
the current fiscal year and anticipates that all 12 counties will
be live on the new software by the fall of 2006. Manatron President
and CEO Paul Sylvester, commented, "Arizona represents a new state
for us, and we are excited to begin this relationship. With 5.6
million residents, Arizona is one of the fastest-growing states in
the country from a population standpoint. Our solution met the
needs of Arizona's Department of Revenue and its client counties,
and we believe opportunities exist to expand this relationship in
the future." Manatron's new ProVal Plus encapsulates advanced CAMA
technology while ensuring CAMA business rules for application
consistency and compatibility with previous versions. ProVal Plus
offers an updated Graphical User Interface (GUI) and navigation
designed to meet all current industry standards. Like ProVal(R),
the most widely used CAMA software designed to run under Microsoft
Windows in client-server networks, ProVal Plus offers all the
traditional approaches to value, while being fully developed, and
conforming to strict national and international standards. ProVal
Plus delivers virtually all the required appraisal functions
including the cost, market and income approaches -- combined with a
powerful, fully model-driven framework that provides great
flexibility. About Manatron, Inc.: Manatron, Inc. designs,
develops, markets and supports a family of web-based and
client/server application software products for county, city and
township governments. Manatron's products support the back-office
processes for these government agencies and facilitate the broader
business processes via eGovernment and Internet features, such as
Internet payments and mortgage lender integration, targeted at the
needs of taxpayers and industry professionals. Manatron also
provides mass appraisal services, which includes the assessment of
residential, commercial and other types of properties to ensure
updated and equitable property valuations. Manatron is
headquartered in Portage, Michigan and has offices in California,
Florida, Georgia, Illinois, Indiana, North Carolina and Ohio.
Manatron currently serves approximately 1,200 customers in 24
states and three Canadian provinces. Information about Manatron,
Inc. is available at the Company's site on the World Wide Web at
http://www.manatron.com/. Safe Harbor Statement: The information
provided in this news release may include forward-looking
statements relating to future events, such as the development of
new products, the commencement of production, or the future
financial performance of the Company. Actual results may differ
from such projections and are subject to certain risks including,
without limitation, risks arising from: changes in the rate of
growth of the local government market, increased competition in the
industry, delays in developing and commercializing new products,
adequacy of financing and other factors described in the Company's
most recent annual report on Form 10-K filed with the Securities
and Exchange Commission, which can be reviewed at
http://www.sec.gov/ . For further information, please contact Paul
Sylvester, President and CEO of Manatron, Inc., +1-269-567-2900, ;
or Matthew Hayden, President of Hayden Communications, Inc.,
+1-843-272-4653, , for Manatron, Inc. DATASOURCE: Manatron, Inc.
CONTACT: Paul Sylvester, President and CEO of Manatron, Inc.,
+1-269-567-2900, ; or Matthew Hayden, President of Hayden
Communications, Inc., +1-843-272-4653, , for Manatron, Inc. Web
site: http://www.manatron.com/
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