REGINA, Saskatchewan, April 04, 2018 (GLOBE NEWSWIRE) -- Information Services Corporation (TSX:ISV) (“ISC” or the “Company”) is pleased to announce that the Government of Yukon (“Yukon”) has selected the Company as the technology provider to transition Yukon’s paper-based land title registration processes to an electronic land titles registry system. The total value of the contract is approximately $5.6 million and is for a period of 20 years.
Jeff Stusek, President & CEO of ISC commented, “We are proud to partner with the Government of Yukon to improve the delivery of land title services and access to land titles information for its citizens. This is a welcome opportunity for ISC to bring our land registry systems and operations experience to another Canadian jurisdiction.”
ISC’s land registry technology—a proven Torrens-based electronic land titles system—will serve as the new platform for the Yukon land registry. The service delivery agreement includes implementation of the electronic land titles registry system, as well as ongoing services for registry support and maintenance from ISC.
For more information about ISC’s registry management services and technology solutions, please visit www.company.isc.ca or contact:
Dennis White
Vice President, Marketing & Business Development
ISC
dennis.white@isc.ca
306-787-0969
Lora Bansley
Strategic Accounts Manager
ISC
lora.bansley@isc.ca
306-798-0513
About ISC
Headquartered in Canada, ISC is the leading provider of registry and information management services for public data and records. Throughout our history we have delivered value to our clients by providing solutions to manage, secure and administer information through our Registry and Services segments. ISC is focused on sustaining its core business while pursuing new growth opportunities. The Class A Shares of ISC trade on the Toronto Stock Exchange under the symbol ISV.
Cautionary Note Regarding Forward-Looking Information
This news release contains forward-looking information within the meaning of applicable Canadian securities legislation, including statements related to business opportunities, growth, implementation and anticipated benefits. Forward-looking information involves known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those expressed or implied by such forward-looking information. Important factors that could cause actual results to differ materially from the Company's plans or expectations include risks relating to identification of viable business opportunities, changes in economic, market and business conditions, competition, implementation within the time specified and at the expected cost, changes in technology and customer demands and expectations, termination and other risks detailed from time to time in the filings made by the Company including those detailed in ISC’s Annual Information Form dated March 13, 2018 and ISC’s Audited Consolidated Financial Statements and Notes and Management’s Discussion and Analysis for the fourth quarter and year ended December 31, 2017, copies of which are filed on SEDAR at www.sedar.com.
The forward-looking information in this release is made as of the date hereof and, except as required under applicable securities legislation, ISC assumes no obligation to update or revise such information to reflect new events or circumstances.
Investor Contacts
Jonathan Hackshaw
Director, Investor Relations & Corporate Communications
306-798-2136
investor.relations@isc.ca
Pamela Keck
Manager, Investor Relations
Toll Free: 1-855-341-8363 in North America or 1-306-798-1137
investor.relations@isc.ca
Media Contact
Shea Haverstock
Manager, Corporate Communications
306-787-1343
shea.haverstock@isc.ca