Information Services Corporation

Information Services Corporation

July 25, 2016 17:07 ET

ISC and SGEU Ratify New Collective Agreement

REGINA, SASKATCHEWAN--(Marketwired - July 25, 2016) - Information Services Corporation (TSX:ISV) ("ISC" or the "Company") announced today that the membership of SGEU Local 2214 (SGEU) has ratified a new collective agreement with respect to its in-scope employees.

"We appreciate the hard work and commitment of the negotiating teams on both sides of the table in reaching this agreement," said Jeff Stusek, President & CEO of ISC. "This shows a mutual regard for the collective bargaining process and we look forward to continuing our ongoing partnership with SGEU."

The previous collective agreement expired on September 30, 2015. The new four-year agreement, ending September 30, 2019, includes annual wage increases effective October 1 of each year, consisting of two per cent retroactive to 2015, 1.75 per cent in 2016, 1.75 per cent in 2017 and two per cent in 2018.

About ISC

ISC is an experienced provider of registry and information services for government, individuals and private sector business. As the exclusive provider of the land titles, surveys, personal property and corporate registries for Saskatchewan, the Company maintains and operates these registries, which are key supporters of economic activity in the province.

Cautionary Note Regarding Forward-Looking Information

This news release contains forward-looking information within the meaning of applicable Canadian securities legislation, including management's expectations and certain assumptions with respect to the registry services and products, its competitive landscape, economic conditions in Canada and in particular, Saskatchewan, Ontario and Quebec, real estate market in Saskatchewan, economic impact of energy and resource sectors, transaction volumes, statements regarding the future financial position or results of ISC, customer growth and diversification, dividend expectations, creation of shareholder value, growth opportunities, capital and operating expectations, real gross domestic product, changes in high-value property registrations, changes in motor vehicle sales volume, steady growth of active business entities, consolidated EBITDA margin, income taxes, our ability to attract and retain skilled staff, the compensation and benefits that will be paid or provided to employees and our level of customer service, as well as goodwill and intangibles are material factors in preparing forward-looking statements. In addition, the words "may", "will", "would", "should", "could", "expect", "plan", "intend", "trend", "indicate", "anticipate", "believe", "estimate", "predict", "project", "targets", "strive", "strategy", "continue", "likely" or "potential" or the negative or other variations of these words or other comparable words or phrases are intended to identify forward-looking statements. Forward-looking information involves known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those expressed or implied by such forward-looking information. Although ISC believes the forward-looking information contained in this release is based upon reasonable assumptions, readers are cautioned not to place undue reliance on forward-looking information as it is inherently uncertain and no assurance can be given that the expectations reflected in such information will prove to be correct. Many factors and risks could cause our actual results to differ materially from those expressed or implied by forward-looking information including those detailed in ISC's Annual Information Form, dated March 15, 2016, ISC's Consolidated Financial Statements and Notes and Management's Discussion and Analysis for the year ended March 31, 2016 as well as other documents filed by ISC with Canadian securities regulators through SEDAR at from time to time. Investors and others should carefully consider the above-noted factors and risks and other uncertainties and potential events. The forward-looking information in this release is made as of the date hereof and, except as required under applicable securities legislation, ISC assumes no obligation to update or revise such information to reflect new events or circumstances.

Contact Information

    Jonathan Hackshaw
    Director, Investor Relations & Corporate Communications
    Information Services Corporation

    Pamela Keck
    Manager, Investor Relations
    Information Services Corporation
    Toll Free: 1-855-341-8363 in North America

    Shea Haverstock
    Manager, Corporate Communications
    Information Services Corporation