Manatron Approved for Listing on NASDAQ Global Market
January 17 2007 - 9:46AM
PR Newswire (US)
KALAMAZOO, Mich., Jan. 17 /PRNewswire-FirstCall/ -- Manatron, Inc.
(NASDAQ:MANA) a leading provider of software products and services
for State and local governments, including its Government Revenue
Management(R) (GRM(R)) software, announced that its securities have
been approved for listing on the NASDAQ Global Market effective
with the commencement of trading on Wednesday, January 17. The
Company will continue to trade under the ticker symbol "MANA".
Previously, the Company's securities had traded on the NASDAQ
Capital Market. The NASDAQ Global Market, formerly the NASDAQ
National Market, includes approximately 1,450 companies. "We are
pleased that we have met the stringent requirements for the global
market listing and believe the increased visibility will benefit
our shareholders," commented Paul R. Sylvester, Manatron's Chief
Executive Officer. "With the challenging restructuring period
behind us and a couple of positive quarters under our belt, we are
confident that our financial performance will continue to improve
and are encouraged by the opportunities for further growth in the
periods ahead." About NASDAQ(R): NASDAQ(R) is the largest
electronic screen-based equity securities market in the United
States. With approximately 3,200 companies, it lists more companies
and, on average, trades more shares per day than any other U.S.
market. It is home to companies that are leaders across all areas
of business including technology, retail, communications, financial
services, transportation, media and biotechnology. NASDAQ is the
primary market for trading NASDAQ-listed stocks. For more
information about NASDAQ, visit the NASDAQ Web site at
http://www.nasdaq.com/ or the NASDAQ Newsroom at
http://www.nasdaq.com/newsroom/. About Manatron, Inc.: Manatron is
primarily 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 from its citizens. The Company's
software manages the entire property life cycle, which includes
deed recording, mapping (GIS), assessment, tax billing and
collection, tax sales and e-government. Manatron's revenues are
primarily generated from software license fees, software
maintenance fees, professional services and sales of hardware,
forms 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,
Ohio, Pennsylvania, Tennessee and Washington. Manatron currently
serves approximately 1,300 customers in 30 states and two Canadian
territories. Information about Manatron, Inc. is available at the
Company's site on the World Wide Web at http://www.manatron.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/. DATASOURCE: Manatron, Inc.
CONTACT: Paul Sylvester, Co-Chairman and CEO of Manatron, Inc.,
+1-269-567-2900, ; or Cameron Donahue of Hayden Communications,
Inc., +1-651-653-1854, , for Manatron, Inc. Web site:
http://www.manatron.com/
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