FOR IMMEDIATE RELEASE
CONTACT:
Paul Sylvester, Co-Chairman and CEO
Manatron, Inc. (269) 567-2900
paul.sylvester@manatron.com
KALAMAZOO, MI--(PR NEWSWIRE) — October 8, 2007 - Manatron, Inc. (NASDAQ: MANA) the leading provider of enterprise-level, integrated property tax solutions for state and local governments today announced a new partnership with Realauction.com to offer tax collection officials the ability to sell, via online auctions, delinquent property tax certificates. As a result of this partnership, GRM Tax, Manatron’s national property tax collection solution, will be coupled with Realauction.com allowing tax collection officials to reduce the costs and staffing necessary for traditional open cry auctions by conducting the sale via the Internet.
“We are thrilled to be able to partner with a quality company like Realauction.com,” said Early Stephens, Manatron’s Chief Technology and Marketing Officer. “This integration will result in a more efficient solution for joint Manatron, Realauction.com clients.”
Lloyd McClendon, CEO of Realauction.com commented, “We are excited about the opportunity to partner with Manatron. The Internet has become an effective tool and this partnership allows tax collection officials across the country the ability to utilize this resource in order to improve processes and save their offices money.”
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 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 and two Canadian territories. More information about Manatron, Inc. is available at the Company's site on the World Wide Web at http://www.manatron.com.
About Realauction.com: Realauction is a leading provider of technology solutions for government agencies. Realauction helps governments reduce costs by providing consultation, design and implementation for online auctions of tax lien sales, tax deed applications and foreclosure sales. With over 50 years of combined experience in the delinquent tax and real estate data transfer industry, Realauction is committed to providing software and customer service to help governments succeed. www.realauction.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.
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