CriticalControl Solutions Corp., ("CriticalControl" or the "Company") (TSX-V:CCZ) today announced that it has been engaged to provide $1.18 Million of services to a Western Canadian Province and certain US municipalities related to the control of property tax and revenue information. All revenues are expected to be recognized in 2007.
"We are especially pleased with the recognition attributed to our leadership in the control of property tax information in North America," said Alykhan Mamdani, President of CriticalControl. "While support and maintenance agreements improve our recurring revenue, new implementations provide a source of future recurring revenue, providing us with a strong stable base into 2008."
The $1.18 Million is comprised of a $575,000 support, maintenance and enhancement agreement with a Western Canadian Province for a system implemented by CriticalControl in the past and new deployments for specific US municipalities valued at US$525,000.
About CriticalControl:
CriticalControl is a technology company that builds, implements and manages critical business process solutions. Our proprietary products are data management tools to operate the critical business operations of our government and energy sector clients. In addition to our proprietary products, we implement large-scale document and records management solutions using our strong domain expertise and in depth knowledge of our customer base. Where critical processes require unconditional continuity, our clients look to us to manage and perform certain operational functions on a short term or long term, outsourced basis. For more information please visit www.criticalcontrol.com.
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SOURCE: CriticalControl Solutions Corp.
Alykhan Mamdani, President, Tel (403) 705-7500 or David Feick, The Equicom Group, Tel (403) 538-4787, [email protected]