EMERGIS INC.
TSX : EME

April 16, 2007 10:00 ET

Emergis and Pro-Suite Sign Integration Agreement to Offer Assyst Real Estate to B.C. Notaries

MONTREAL, QUEBEC--(CCNMatthews - April 16, 2007) - Emergis Inc. (TSX:EME) today announced an agreement with Pro-Suite Software Ltd. of Vancouver whereby Emergis' Assyst Real Estate solution for completing mortgage transactions will be integrated with Pro-Suite's electronic conveyancing software application. The three-year agreement will make Emergis' mortgage document processing and registration solution available to all notaries using Pro-Suite by the fall of 2007. The Pro-Suite software is owned and maintained by The Society of Notaries Public of B.C.

"The agreement with Pro-Suite is in line with Emergis' strategy of developing partnerships with software vendors and legal associations to accelerate the adoption of Assyst Real Estate in each province as the solution is launched across Canada," said Keith Nugara, Senior Vice-President, Financial Solutions Group at Emergis. "Our solution will help notaries in B.C. become more efficient by streamlining processes and reducing paperwork."

Assyst Real Estate is a bilingual mortgage solution designed to facilitate the instructing, reporting and closing of mortgage loans for lenders and the legal community. With it, lenders can send mortgage instructions electronically to notaries, lawyers and their staff in real time. In turn, these professionals can complete mortgage transactions from end to end online, in a more secure and confidential manner. Assyst Real Estate speeds up the processing of transactions, reduces paperwork, cuts back on costs, and reduces the risk of clerical error.

"Pro-Suite is very pleased to partner with Emergis to offer a full range of electronic services that meet the needs of notaries in British Columbia," said Wayne Braid, Secretary and Executive Officer of The Society of Notaries Public of B.C. "By integrating our technologies, we will offer a more complete solution to conveyancing practitioners that will streamline all aspects of mortgage transactions, from document preparation to reporting."

In 2002, Emergis launched its mortgage solution in Québec and has since seen adoption escalate to the point where more than 80% of real estate notaries in Québec are using it today. More recently, the largest residential mortgage lender in Canada chose Assyst Real Estate as its preferred electronic solution for completing residential mortgage transactions with real estate notaries and lawyers across the country, thus launching the national roll-out of the solution.

About Pro-Suite

Pro-Suite manages the technical side of conveyancing transactions and communicates with the production servers that house conveyancing data for the Province of British Columbia. Through a standard Internet connection anywhere in the world, notaries can access Pro-Suite's software to generate and maintain all the documents needed for a conveyance-in both Microsoft Word and Adobe Acrobat.

About Emergis

Emergis is an IT leader in Canada that focuses on the health and financial services sectors. It develops and manages solutions that automate interactions and the secure exchange of information to increase the process efficiency and quality of service of its customers. Emergis has expertise in electronic health-related claims processing, health record systems, pharmacy management solutions, cash management and loan document processing and registration. In Canada, Emergis delivers solutions to the main insurance companies, top financial institutions, government agencies, hospitals, large corporations, real estate lawyers and notaries and 2,900 pharmacies. Its electronic health record solutions are also delivered in the U.S. and Australia. The Company's shares (TSX: EME) are included in the S&P/TSX Composite Index.

Certain information in this news release, in various filings with Canadian regulators, in reports to shareholders and in other communications, is forward-looking within the meaning of certain securities laws, and is subject to important risks, uncertainties and assumptions. This forward-looking information includes, among others, information with respect to the Company's objectives and the strategies to achieve those objectives, as well as information with respect to the Company's beliefs, plans, expectations, anticipations, estimates and intentions. The words "may", "could", "should", "would", "suspect", "outlook", "believe", "anticipate", "estimate", "expect", "intend", "plan", "target" and similar words and expressions are used to identify forward-looking information. The forward-looking information in this news release describes the Company's expectations as of April 16, 2007.

The results or events predicted in such forward-looking information may differ materially from actual results or events. Material factors which could cause actual results or events to differ materially from a conclusion, forecast or projection in such forward-looking information include, among others: general economic factors, adverse industry events, the adoption rate of the Company's solutions by customers and by related electronic trading communities, its ability to deliver development and implementation projects in a timely manner, the non-renewal of major contracts which expire in the near term, complexities and timing of signing large customer contracts, customers developing internally the capability to perform the services which the Company performs on their behalf, its response to its industry's rapid pace of change, the limited time to capitalize on market opportunities, competition, pricing pressures, fluctuations in its operating results, its ability to make and integrate acquisitions, failures or material changes in its strategic relationships, exposure under contract indemnities, defects in software or failures in the processing of transactions, security and privacy breaches, its ability to attract and retain key personnel, its ability to protect its intellectual property, intellectual property infringement claims, and industry and government regulation.

Emergis cautions that the foregoing list of material factors is not exhaustive. When relying on the Company's forward-looking information to make decisions, investors and others should carefully consider the foregoing factors and other uncertainties and potential events. In making the forward-looking information contained in this news release, the Company does not assume any significant acquisitions, dispositions or one-time items. It does assume, however, the renewal of certain customer contracts. Every year, Emergis has major customer contracts that it needs to renew. One of these represents slightly more than 10% of its annual revenue. In addition, the Company also assumes the signature of contracts in new markets in the public health sector. In this regard, Emergis is pursuing large opportunities that present a very long and complex sales cycle, which substantially affect the Company's forecasting abilities. The Company has made certain assumptions regarding the timing of the realization of these opportunities which it thinks is reasonable but which may not be achieved. Furthermore, the pursuit of these larger opportunities does not ensure a linear progression of the Company's revenue and earnings, since they may involve significant up-front fees followed by reduced ongoing payments. The Company has assumed a certain progression, which may not be realized. It has also assumed that the material factors referred to in the previous paragraph will not result in such forward-looking information to differ materially from actual results or events. However, the list of these factors is not exhaustive and is subject to change and there can be no assurance that such assumptions will reflect the actual outcome of such items or factors. For additional information with respect to certain of these and other factors, refer to the risks and uncertainties section of the Company's 2006 MD&A and to its 2006 Annual Information Form (risks and uncertainties) filed with Canadian regulators.

THE FORWARD-LOOKING INFORMATION CONTAINED IN THIS NEWS RELEASE REPRESENTS THE EXPECTATIONS OF EMERGIS AS OF APRIL 16, 2007 AND, ACCORDINGLY, IS SUBJECT TO CHANGE AFTER SUCH DATE. HOWEVER, EMERGIS EXPRESSLY DISCLAIMS ANY INTENTION OR OBLIGATION TO UPDATE OR REVISE ANY FORWARD-LOOKING INFORMATION, WHETHER AS A RESULT OF NEW INFORMATION, FUTURE EVENTS OR OTHERWISE, EXCEPT AS REQUIRED BY APPLICABLE LAW.

Contact Information

  • Investors:
    John Gutpell, 450-928-6856
    or
    Media:
    Jessica McEachern, 450-928-6884