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GEAC Geac Computer Ltd - Common Shares (MM)

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Share Name Share Symbol Market Type
Geac Computer Ltd - Common Shares (MM) NASDAQ:GEAC NASDAQ Common Stock
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AMSI (a Geac Company) Announces Strategic Alliance with Property Solutions, Expanding its Web-Based Product Offerings

30/11/2005 9:16pm

PR Newswire (US)


Geac Computer (NASDAQ:GEAC)
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The alliance enhances the AMSI software suite by providing resident portals, apartment community websites, and online payment processing to residential property management companies. ATLANTA, GA, Nov. 30 /PRNewswire-FirstCall/ -- AMSI, a Geac(R) company (TSX:GAC, NASDAQ:GEAC) today announced the signing of a letter of intent for a strategic alliance with Property Solutions - an industry leading provider of automated payments, resident portals, and community websites in the multi- family housing industry. The alliance will offer property management companies using AMSI eSite Property Management software template-driven websites and online payment processing capabilities that cater to both prospects and residents. "AMSI chose to integrate Property Solutions into its web-based property management software, eSite, for two reasons. First, Property Solutions is the only company in the industry to offer a completely template-driven resident portal and apartment community website builder with credit card and ACH processing capabilities built in," said Larry Kaplan, Senior Vice President and General Manager for Geac's Industry Specific Applications (ISA) unit. "Second, the industry and more specifically our customers have requested online credit card payment processing capabilities and an easy-to-use website builder to help drive traffic to properties and improve resident retention. The alliance is in response to that demand and will provide our customers the most powerful and affordable solution available." Property Solutions' patent-pending, template-based approach allows companies to quickly rollout attractive and customizable apartment community websites across an entire portfolio. In addition, Property Solutions' offering is far more cost-effective than traditional web development. "Property Solutions' electronic collections and website generation software is built on a platform that allows seamless integration into the eSite product," said David Bateman, CEO and Chairman for Property Solutions. As a result of the alliance with Property Solutions, AMSI eSite users will have access to three new, powerful products. ResidentPay(TM) Online Payment System - Residents pay online by electronic check or credit card (Automatically posted to eSite). - Funds settle within 24 - 48 hours. - Convenience fees to residents offset transaction expense to the management company. - Residents view current balances on-line (Automatically pulled from eSite). - Prospective residents may pay fees immediately after submitting online applications. ResidentPortal(TM) Online Resident Environment - Residents submit work orders online (Automatically posted to eSite). - Residents view community announcements at online calendar. - Residents view weather, local attractions, and resident discounts. - Residents purchase renter's insurance, utility connections, and concierge services. ProspectPortal(TM) Community Website System - Prospects view photos, driving directions, printable brochures, etc. - Prospects submit guest cards and online applications (Automatically posted to eSite). - Managers may control website content using Website Editor (Photos, text, rental applications, new pages, etc.). - Managers receive increased number of leads through improved search engine optimization. This new, integrated solution will benefit AMSI and Property Solutions customers beginning in February 2006 and it will be sold through AMSI and its certified property management software resellers. For more information on AMSI's latest property management solutions, please call 800-851-1115 or visit AMSI's website at http://www.amsi.com/. About Property Solutions ------------------------ Property Solutions International, Inc. is a leading provider of automated payment, community website, and resident portal technology to the multi-family industry. Property Solutions' suite of property management software tools facilitate new efficiencies to multi-family managers and owners by easing rent collection, promoting occupancy, and improving communication to residents. For additional information about Property Solutions, visit http://www.propertysolutions.com/. About AMSI ---------- AMSI, a Geac company, is an innovative provider of property management operations and accounting software for owners, investors and managers of multi-family and commercial real estate properties. AMSI Evolution suite of web-based software applications includes: - eSite, a comprehensive site operations solution for leasing, rent collection, traffic tracking, and marketing - eCommercial, a commercial real estate administration and accounting application - eService, a work order and maintenance solution for residential communities - eFinancials, a property management accounting solution with flexible reporting capability and auditing functionality and control - ePO - a purchase order and budget control application - ePortfolio - a property consolidation business analysis tool More than 13,000 properties throughout the United States have chosen AMSI products and services. For more information, visit http://www.amsi.com/. About Geac Geac (TSX: GAC, NASDAQ: GEAC) is a global enterprise software company that addresses the needs of the Chief Financial Officer. Geac's best-in-class technology products and services help organizations do more with less in an increasingly competitive environment, amidst growing regulatory pressure, and in response to other business issues confronting the CFO. Further information is available at http://www.geac.com/ or through e-mail at . This press release may contain forward-looking statements of Geac's intentions, beliefs, expectations and predictions for the future. These forward-looking statements often include use of the future tense with words such as "will," "may," "intends," "anticipates," "expects" and similar conditional or forward-looking words and phrases. These forward-looking statements are neither promises nor guarantees. They are only predictions that are subject to risks and uncertainties, and they may differ materially from actual future events or results. Geac undertakes no obligation to update or revise the information contained herein. Important factors that could cause a material difference between these forward-looking statements and actual events include, among other things: our ability to increase revenues from new license sales, cross-sell into our existing customer base and reduce customer attrition; whether we can identify and acquire synergistic businesses and, if so, whether we can successfully integrate them into our existing operations; whether we are able to deliver products and services within required time frames and budgets to meet increasingly competitive customer demands and performance guaranties; risks inherent in fluctuating international currency exchange rates in light of our global operations and the unpredictable effect of geopolitical world and local events; whether we are successful in our continued efforts to manage expenses effectively and maintain profitability; our ability to achieve revenue from products and services that are under development; the uncertain effect of the competitive environment in which we operate and resulting pricing pressures; and whether the anticipated effects and results of our new product offerings and successful product implementation will be realized. These and other potential risks and uncertainties that relate to Geac's business and operations are summarized in more detail from time to time in our filings with the United States Securities and Exchange Commission and with the Canadian Securities Administrators. Please refer to Geac's most recent quarterly reports available through the website maintained by the SEC at http://www.sec.gov/ and through the website maintained by the Canadian Securities Administrators and the Canadian Depository for Securities Limited at http://www.sedar.com/ for more information on risk factors that could cause actual results to differ. Geac is a registered trademark of Geac Computer Corporation Limited. All other marks are trademarks of their respective owners. DATASOURCE: Geac Computer Corporation Limited CONTACT: Media Contacts: Jocelyn Rhode, AMSI, a Geac Company, (813) 874-3344 x256, ; Ben Zimmer, Property Solutions, Inc., (801) 375-5522 x503, mailto:; Investor Contact: Alys Scott, Geac, (781) 672-5980,

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