Suspension of the HIPs Program
For immediate release: May 20, 2010
Suspension of the HIPs Program
Richmond, B.C. - MacDonald,
Dettwiler and Associates Ltd. (TSX: MDA), a provider of essential information solutions,
announced today that the Government of the United Kingdom
has announced the suspension of the Home Information Pack (HIP) legislation.
HIPs have been suspended with immediate effect, pending legislation for a
permanent solution. This means that obtaining a HIP will no longer be mandatory
when a home owner decides to put his or her home on the market.
The
company has anticipated this announcement for many months and the plan prepared
during this period has now been activated.
About MDA
MDA provides
advanced information solutions that capture and process vast amounts of data,
produce essential information, and improve the decision making and operational
performance of business and government organizations worldwide.
Focused
on markets and customers with strong repeat business potential, MDA delivers a
broad spectrum of information solutions, ranging from complex operational
systems, to tailored information services, to electronic information products.
The Company's common shares trade on the Toronto Stock Exchange under
the symbol TSX:MDA.
Related
Websites:
www.mdacorporation.com
Forward-Looking Statements
This release
contains forward-looking statements and information, which reflect the current
view of MacDonald, Dettwiler and Associates Ltd. (“MDA”) with respect to future
events and financial performance. The forward-looking statements in this regard
include statements regarding the suspension of a government initiative and the
effects upon MDA. Any such forward-looking statements are based on MDA’s current
expectations, estimates, projections and assumptions in light of its experience
and its perception of historical trends. Any such forward-looking statements are
subject to risks and uncertainties and MDA’s actual results of operations could
differ materially from historical results or current expectations. The factors
and assumptions underlying the forward-looking statements in this release
include the government initiative being cancelled. MDA cautions readers that
should certain risks or uncertainties materialize, or should underlying
assumptions prove incorrect, actual results may vary significantly from those
expected. The risks that could cause actual results to differ from current
expectations include inherent risks in the information products market,
including general economic, regulations and competitor changes; changes in
government priorities, funding levels, contracts and regulations; susceptibility
of customers in property transaction-related industries; and failure to
anticipate changes in technology, technical standards and product offerings or
comply with the requisite standards.
For additional information with
respect to certain of these risks or factors reference should be made to MDA’s
continuous disclosure materials filed from time to time with Canadian securities
regulatory authorities, which are available online at www.sedar.com or www.mdacorporation.com
The Toronto Stock Exchange has
neither approved nor disapproved the form or content of this release.
For more information, please contact:
Wendy Keyzer
MDA
External Relations
Telephone: 604-231-2743
E-mail: wendy@mdacorporation.com


