Manatron Announces a $1.8 Million Reassessment Contract with Marion County (Indianapolis), Indiana to Use Manatron's GRM(R) CAMA
October 18 2007 - 8:30AM
PR Newswire (US)
KALAMAZOO, Mich., Oct. 18 /PRNewswire-FirstCall/ -- Manatron, Inc.
(NASDAQ:MANA) the nation's leading provider of integrated,
enterprise-level property tax solutions for state and local
governments announced that it has received a $1.8 million contract
to evaluate the current market value of the commercial and
industrial properties in Marion County (Indianapolis), Indiana
using Manatron's GRM CAMA software and statistical regression and
modeling methods to derive new property values. Once the
revaluation is complete, all results and data will be provided back
to the county to maintain on their in- house system for future use.
Indiana Governor Mitch Daniels ordered a freeze on all residential
property taxes in Marion County and also called for the
reassessment of all business properties to be completed by February
1, 2008. Manatron was selected after Marion County solicited bids
from professional appraisers and software companies who are
currently certified by the Indiana Department of Local Government
Finance (DLGF) to perform such work. Manatron has partnered with
the Schneider Corporation, an Indianapolis- based, Women Business
Enterprise, to provide GIS (Geographic Information Systems)
Assessment Analysis services. Manatron will utilize Schneider's
expertise in GIS to assist with this project. Marion County is
located in central Indiana and is the largest county in Indiana
with an estimated population of approximately 865,000 people and
over 360,000 parcels of property. The county seat is Indianapolis.
"We are pleased to have the opportunity to serve this highly
visible and important county in Indiana, where we have been
providing property solutions and services for over 30 years," said
Paul Sylvester, Manatron's Chief Executive Officer. Bill McKinzie,
Manatron's President and Chief Operating Officer added: "This
unique project requires an intimate knowledge of systems and
appraisal within the State of Indiana. We will leverage our GRM
CAMA software, as well as our newly acquired regression analysis
skills from the Sigma acquisition, to deliver a solid solution for
the County. This project reinforces Manatron's market position as
the property tax leader in the State of Indiana." About Manatron,
Inc.: Manatron is 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 in their jurisdictions.
The Company's software manages the entire property life cycle,
which includes deed recording, land records, GIS (Geographic
Information System) integration, valuation, assessment
administration, personal property, business licenses, cashiering,
tax billing and collection, delinquents and 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, New York, Ohio,
Pennsylvania, Texas and Washington. Manatron currently serves
approximately 1,400 customers in 40 states, two Canadian
territories, South Africa and the U.S. Virgin Islands. Information
about Manatron, Inc. is available at the Company's site on the
World Wide Web at http://www.manatron.com/. About The Schneider
Corporation: Founded in 1962 and headquartered in Indianapolis,
Indiana, The Schneider Corporation is a full-service national
engineering firm. The company is a third-generation, family-owned
company, serving a range of clients with eight offices and over 300
professionals. Schneider applies professional expertise and
sophisticated technology in the areas of Engineering, Geographic
Information Systems (GIS), and Land Surveying to collect, create,
and manage vital information for clients in both the private and
public sectors. For more information, please visit
http://www.schneidercorp.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/. CONTACT: Paul Sylvester,
Co-Chairman and CEO or Cameron Donahue Manatron, Inc. Hayden
Communications, Inc. (269) 567-2900 (651) 653-1854 DATASOURCE:
Manatron, Inc. CONTACT: Paul Sylvester, Co-Chairman and CEO of
Manatron, Inc., +1-269- 567-2900, ; or Cameron Donahue of Hayden
Communications, Inc., +1-651-653-1854, , for Manatron, Inc. Web
site: http://www.manatron.com/ http://www.schneidercorp.com/
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