Tyler Technologies Unit Awarded Additional Reassessment Contracts in Indiana; New Contracts Bring Total Indiana Awards This Year to $5.7 Million |
DALLAS, June 13 -- Tyler Technologies, Inc. (NYSE: TYL) announced today its Cole Layer Trumble (CLT) division has entered into new reassessment contracts totaling over $1.6 million with two Indiana counties. Under these agreements, CLT will provide mass appraisal services for the 2002 reassessments for Johnson and Clark counties in Indiana. The terms of the agreements extend through June 2002. The addition of these two new contracts brings CLT's total reassessment contract awards in Indiana this year to seven projects valued at over $5.7 million. The tax lien date for all of these projects is March 1, 2002.
Johnson and Clark counties both adjoin major metropolitan areas. Johnson County is located just south of Indianapolis and is one of the fastest growing counties in Indiana. Clark County is located in southern Indiana, just across the Ohio River from Louisville, Kentucky. The two counties combined have a population of approximately 215,000.
"These latest awards underscore our commitment to maintaining our position of leadership in providing reassessment services for Indiana counties," commented William A. "Tony" Henderson, Assistant Vice President of Marketing for Tyler's CLT division. "When we announced our contracts with five other Indiana counties in April, we said that we were well positioned to sign more work for this Indiana reassessment cycle. We are pleased that Johnson and Clark counties have chosen us to provide these crucial services. These contracts add to our record backlog of appraisal business, and we believe we have an excellent chance of signing even more business in Indiana this year.
"Both of these contracts are significant for us in that they represent additional work in areas where CLT personnel currently reside," continued Mr. Henderson. "This enhances our ability to complete these projects in an efficient and cost-effective manner. The Indianapolis and Louisville metropolitan areas have been important areas for our reassessment work, and we welcome the opportunity to continue to provide the highest quality services to the Indiana property tax assessment community."
Tyler's CLT division in 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., +1-214-547-4000, or bmiller@tylertechnologies.com
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Jun 13, 2001 |
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