MANA Manatron (MM)

First Reassessment of Property in 35 Years KALAMAZOO, Mich., Feb. 28 /PRNewswire-FirstCall/ -- Manatron, Inc. (NASDAQ:MANA) a leading provider of software products and services for state and local governments, including its Government Revenue Management(R) (GRM(R)) software, announced that it has received contracts from Clinton County, Pennsylvania totaling approximately $1.2 million for software and appraisal services. Under this agreement, Manatron will provide mass appraisal services and revalue all of the residential, commercial, agricultural and industrial property in Clinton County, which represents approximately 25,000 parcels. This marks the first reassessment of the County's properties since 1972. In addition, the County has purchased Manatron CAMA, Manatron's robust property appraisal software solution, to replace its manual, paper-based appraisal process. Centrally located in Pennsylvania, Clinton County has a population of approximately 37,500 residents. Clinton County's property taxes are currently based on property values that were established after a countywide reappraisal that occurred in 1972. These property values were only adjusted by the County Assessor when additional external structures were added to an existing property or a countywide inflationary or market factor was determined. The County Assessor was not required to make any adjustments to property values for any internal remodeling or other external improvements. Given the length of time that had passed since the last reassessment, the Clinton County Commissioners decided to initiate a countywide property reappraisal to ensure that all properties are valued uniformly and equitably based on fair market value so that the related taxes are fairly assessed to all their constituents. After a rigorous selection process, the Commissioners chose Manatron to perform the reassessment. The new CAMA system and property values will be finalized in May of 2008 in time for the 2009 tax bills. In order to educate the community regarding the process of revaluation, the County and Manatron have jointly conducted over 20 public meetings to date and will complete about 45 total before the project is complete. Manatron offers software solutions and a host of appraisal services designed to meet the multiple needs of Assessors and their jurisdictions. Manatron has been one of the premiere providers of mass revaluation appraisal, tax equalization and consulting services to local governments in the country for over 30 years. Using the technology of its appraisal software products, Manatron has developed a flexible, innovative methodology for appraisal delivery, which enables it to service jurisdictions of any size by meeting the specific requirements of each individual client. The Clinton County Commissioners commented, "Our largest concern in undertaking a county wide property revaluation was the public's perception of the project. In Clinton County, Manatron has done an outstanding job implementing a public awareness and education program to ensure our taxpayers understand why we needed to perform a revaluation and how the process would work. Manatron was receptive to our concerns of tax fairness and responded to our needs." "We are very excited about the opportunity to provide our CAMA solution and appraisal services to Clinton County," said Paul Sylvester, Manatron's Chief Executive Officer. "We have been working hard to expand our presence in the Pennsylvania market and are confident that the successful completion of this project will lead to other business in that state." About Manatron, Inc.: Manatron is primarily focused on providing software and services to enable state and local governments in North America to completely, fairly and efficiently assess real and personal property, and to bill and collect the related property taxes from its citizens. The Company's software manages the entire property life cycle, which includes deed recording, mapping (GIS), assessment, tax billing and collection, tax sales and e-government. Manatron's revenues are primarily generated from software license fees, software maintenance fees, professional services and sales of hardware, forms and supplies. Professional services consist of data conversions, installation, training, project management, hardware maintenance, forms processing and printing, consulting and appraisal services. Manatron is headquartered in Portage, Michigan and has offices in Florida, Georgia, Illinois, Indiana, Minnesota, Ohio, Pennsylvania, Tennessee and Washington. Manatron currently serves approximately 1,300 customers in 30 states and two Canadian territories. 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/ . DATASOURCE: Manatron, Inc. CONTACT: Paul Sylvester, Co-Chairman and CEO of Manatron, Inc., +1-269-567-2900, Web site: http://www.manatron.com/

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