Tyler Technologies Unit Awarded Indiana Reassessment Contracts Worth $4.1 Million |
DALLAS, April 25 -- Tyler Technologies, Inc. (NYSE: TYL) announced today that its Cole Layer Trumble (CLT) unit has signed reassessment contracts totaling over $4.1 million with five Indiana counties. Under these contracts, CLT will provide mass appraisal services for the 2002 reassessments for Bartholomew, Dubois, Harrison, Henry and Monroe counties in Indiana. The tax lien date of all of these projects is March 1, 2002. The terms of these agreements run through June 2002.
"These contracts represent a significant addition to our backlog of appraisal business," stated Bruce F. Nagel, President of CLT. "Indiana is a state where CLT has had a strong record of performing reassessment projects. These recent signings are an indication of the quality of services we offer to the Indiana property tax assessment community."
"We are well-positioned to sign additional business for this Indiana reassessment cycle," continued Mr. Nagel. "With the addition of these contracts to our record backlog, 2001 and 2002 should be excellent years for Tyler's mass appraisal business." Tyler's CLT division is the nation's largest provider of mass appraisal and property tax software and services. Since its founding in 1938, CLT has provided mass appraisal services and property tax administration software to several hundred assessing jurisdictions in the United States and Canada.
Based in Dallas, Tyler Technologies is a leading provider of end-to-end information management solutions and e-government services to local governments. Tyler partners with clients to make local government more accessible to the public, more responsive to needs of citizens, and more efficient. Tyler's client base includes nearly 6,000 local government offices in 49 states, Canada and Puerto Rico. More information about Tyler Technologies can be found on the World Wide Web at www.tylertechnologies.com.
Tyler Technologies, Inc. has included in this press release "forward- looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995 concerning its business and operations. Tyler Technologies expressly disclaims any obligation to release publicly any updates or revisions to these forward-looking statements to reflect any change in its expectations. These expectations and the related statements are inherently subject to risks and uncertainties that could cause actual results to differ materially from those set forth in, contemplated by, or underlying the forward-looking statements. The risks and uncertainties which forward-looking statements are subject to include, but are not limited to, changes in competition, changes in general economic conditions, changes in the budgets and regulatory environments of the Company's customers, risks associated with the development of new products and the enhancement of existing products, the ability to attract and retain qualified personnel, and other risks detailed from time to time in the Company's filings with the Securities and Exchange Commission.
SOURCE Tyler Technologies, Inc.
CONTACT: Brian K. Miller, Vice President - Finance of Tyler Technologies, Inc., 214-902-5080, or bmiller@tylertechnologies.com
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Apr 25, 2001 |
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