Archive for April, 2007

Municipal Software Announces Annual Results for 2006

by April 30, 2007 5:18 pm

Victoria, B.C., April 30, 2007— Municipal Solutions Group, Inc. (“Municipal Solutions”) (TSX Venture: MSZ), a provider of business process automation solutions for Local Government, announced the financial results for the year ending December 31, 2006 today.  Revenue increased in 2006 to $4,204,812 from $3,545,253 in 2005, an increase of 19%; fourth quarter revenues increased by 23% over the same period in the previous year. During the year the Company secured 12 new customers with a combined contracted value of licenses and services of more than US$3.2M. The Company had a loss for the year of $2,229,824 compared to a loss of $2,802,179 in 2005 as investment in the product offerings continued.The Annual General Meeting will take place on June 6th at Vancouver Island Technology Park at 2:00pm.Iain McLean, Chief Executive Officer of Municipal Solutions, commented, “2006 was a year of progress on many fronts. Revenues increased from all sources – Licenses were up 17%, Services 23% and Maintenance grew by 14% year on year. The addition of key staff members in Finance and Development ensures that we now have an experienced team in place. The move to productized solutions in 2005 has continued and we undertook a major initiative to create a Software as a Service (‘SaaS’ or ‘On-Demand’) solution for Local Government. These changes created additional costs but the Company is now poised to take advantage of this investment. The Company ended the year with a backlog of sales of CityView PreBuilts totalling over $2.5M for delivery in 2007 and we recently added to that with the purchase of CityView by Collier County, Florida in an order valued at US$1.9M.”

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Municipal Software Announces Annual Results for 2006

by April 30, 2007 12:18 pm

Victoria, B.C., April 30, 2007— Municipal Solutions Group, Inc. (“Municipal Solutions”) (TSX Venture: MSZ), a provider of business process automation solutions for Local Government, announced the financial results for the year ending December 31, 2006 today.  Revenue increased in 2006 to $4,204,812 from $3,545,253 in 2005, an increase of 19%; fourth quarter revenues increased by 23% over the same period in the previous year. During the year the Company secured 12 new customers with a combined contracted value of licenses and services of more than US$3.2M. The Company had a loss for the year of $2,229,824 compared to a loss of $2,802,179 in 2005 as investment in the product offerings continued.

The Annual General Meeting will take place on June 6th at Vancouver Island Technology Park at 2:00pm.

Iain McLean, Chief Executive Officer of Municipal Solutions, commented, “2006 was a year of progress on many fronts. Revenues increased from all sources – Licenses were up 17%, Services 23% and Maintenance grew by 14% year on year. The addition of key staff members in Finance and Development ensures that we now have an experienced team in place. The move to productized solutions in 2005 has continued and we undertook a major initiative to create a Software as a Service (‘SaaS’ or ‘On-Demand’) solution for Local Government. These changes created additional costs but the Company is now poised to take advantage of this investment. The Company ended the year with a backlog of sales of CityView PreBuilts totalling over $2.5M for delivery in 2007 and we recently added to that with the purchase of CityView by Collier County, Florida in an order valued at US$1.9M.”

About Municipal Solutions Group Inc.

Municipal Solutions Group Inc was formed in January 2002 as the public financing arm for Municipal Software Corporation.

About Municipal Software Corporation

Municipal Software Corporation (TSX-V:MSZ) provides easily installed, packaged software solutions that manage the everyday business processes of local governments. The solutions are based on 24 years of experience with a product platform that easily adapts to the changing practices of clients. Branded under the CityView name, the company provides a number of out of the box solutions automating practices in Property Information, Permits and Inspections, Planning, Code Enforcement, Licensing and Cashiering. The company recently launched web based services under the Local Government Manager ™ name (available through the Application Exchange of Salesforce.com) for jurisdictions looking for the convenience and cost effectiveness of a hosted product application. Municipal Software offers a complete range of services from training and customer support of its suite of products to custom development for unique applications.

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Dr. Robert Olafson Awarded Craigdarroch Gold Medal for Career Achievement in Research

by April 25, 2007 5:30 pm

Dr. Robert Olafson has been at the forefront of protein research for more than 25 years and has earned international recognition for his work in molecular parasitology.  But his greatest legacy goes far beyond single field of study.  When he joined the University of Victoria in 1981, he could see that the future of biochemical and biomedical research lay in the analysis of protein structure and function, now known as proteomics.  Determined that the University of Victoria lead the way, he established the UVic Protein Chemistry Centre.  Under his guidance, the centre blossomed into an internationally acclaimed facility.  Today, the UVic-Genome BC Proteomics Centre, the largest of its kind in Canada is located at the University of Victoria’s Vancouver Island Technology Park, provides analytical services to academic, industrial and government laboratories around the world.

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Dr. Robert Olson Awarded Craigdarroch Gold Medal

by April 25, 2007 12:18 pm

Dr. Robert Olafson has been at the forefront of protein research for more than 25 years and has earned international recognition for his work in molecular parasitology.  But his greatest legacy goes far beyond single field of study.  When he joined the University of Victoria in 1981, he could see that the future of biochemical and biomedical research lay in the analysis of protein structure and function, now known as proteomics.  Determined that the University of Victoria lead the way, he established the UVic Protein Chemistry Centre.  Under his guidance, the centre blossomed into an internationally acclaimed facility.  Today, the UVic-Genome BC Proteomics Centre, the largest of its kind in Canada is located at the University of Victoria’s Vancouver Island Technology Park, provides analytical services to academic, industrial and government laboratories around the world.

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Provincial Funding to Advance New Medicines

by April 18, 2007 2:43 pm

VANCOUVER – The Province is providing $25 million to the Centre for Drug Research and Development to advance new drug therapies and medicines from the discovery stage to commercialization, Premier Gordon Campbell announced today.

“Moving new medical discoveries from early development to the stage where they are available to patients can sometimes be delayed because discoveries arising out of academic research may require further testing to make them investor-ready,” said Campbell. “By supporting researchers in the early stages of their work, we will bridge the gap between primary research and the successful development of new therapies and medicines.”

The Centre for Drug Research and Development will use the funds for developing, formulating and testing new therapies and drugs, and to bridge the commercialization gap between identifying new treatments and getting them to market.

“The work done at CDRD will strengthen our growing biotech sector and will generate significant homegrown scientific successes,” said Advanced Education Minister Murray Coell. “We know that research, innovation and technology provide a long-term contribution to a strong and vibrant economy, a sustainable environment, and safe, healthy communities.

CDRD is a non-profit organization that was founded by academic and industry leaders to assist these new discoveries through the early stages of innovation to commercialization and viable companies. Based at UBC, CDRD’s facilities will have state-of-the-art equipment and will serve researchers and trainees at universities and associated institutions across B.C.

“This announcement clearly demonstrates the provincial government’s commitment to fostering and accelerating the drug development process in the province and growing B.C.’s biotech sector,” said Natalie Dakers, CDRD CEO. “This funding gives CDRD the green light to act on its plans to bridge the gap between research and the successful development of new medicines.”

Since 2001, British Columbia has invested over $1.5 billion in research and leveraged more than $900 million in added research funding from other sources. British Columbia is home to more than 90 biotech companies, making it the seventh-largest cluster in North America. B.C.-based biotech companies now employ over 2,600 workers.

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Vigil Health Books Record Sales

by April 16, 2007 4:28 pm

April 16, 2007 (Victoria) – Vigil Health Solutions Inc. (“Vigil”) announces recent sales orders for nine Vigil systems for an aggregate value of approximately $700,000. Orders were received from two new corporate accounts, the addition of new facilities from three existing corporate accounts, and four new customers. These systems are expected to be commissioned during the current fiscal year.

“We are very encouraged to see the growing success of our sales program and validation of our product and service offering,” commented Troy Griffiths, President “and will continue to implement strategic initiatives to broaden our capture of the growing seniors healthcare market.”

About Vigil Health Solutions Inc. Vigil offers a proprietary technology platform combining software and hardware to provide comprehensive solutions to the expanding aged care market. Vigil has established a growing presence in North America and an international reputation for being on the leading edge of systems design and integration. The Vigil Integrated Care Management System™ (Vigil® System) includes the award-winning Vigil Dementia System, a nurse call system, bed monitoring, resident check in, and the latest development the Vigil Wireless call system. The first to supply dementia specific care technology, Vigil facilitates the highest standard of care for cognitive residents while helping dementia residents enjoy a higher quality of life and greater dignity.

 

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Vigil Health Books Record Sales

by April 16, 2007 12:18 pm

April 16, 2007 (Victoria) – Vigil Health Solutions Inc. (“Vigil”) announces recent sales orders for nine Vigil systems for an aggregate value of approximately $700,000.  Orders were received from two new corporate accounts, the addition of new facilities from three existing corporate accounts, and four new customers.  These systems are expected to be commissioned during the current fiscal year.

“We are very encouraged to see the growing success of our sales program and validation of our product and service offering,” commented Troy Griffiths, President “and will continue to implement strategic initiatives to broaden our capture of the growing seniors healthcare market.”

About Vigil Health Solutions Inc.

Vigil offers a proprietary technology platform combining software and hardware to provide comprehensive solutions to the expanding aged care market. Vigil has established a growing presence in North America and an international reputation for being on the leading edge of systems design and integration. The Vigil Integrated Care Management System™ (Vigil® System) includes the award-winning Vigil Dementia System, a nurse call system, bed monitoring, resident check in, and the latest development the Vigil Wireless call system. The first to supply dementia specific care technology, Vigil facilitates the highest standard of care for cognitive residents while helping dementia residents enjoy a higher quality of life and greater dignity.

Booked sales are signed contracts received from customers.  The company discusses bookings in its management discussion and analysis and records revenue for the financial statement for projects using the completed contract method.  Audited financials statements and management discussion and analysis for the year ended March 31, 2007 will be released prior to June 30, 2007.

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About

by April 13, 2007 4:28 pm

VITP PHII Site B BuildingThe Vancouver Island Technology Park (VITP), a University of Victoria Enterprise, facilitates the growth of technology on Vancouver Island by providing physical infrastructure that links provincial, national and international resources with emerging or growing tech companies. Located in Victoria, British Columbia, BC’s second largest tech sector, the Park is a major centre for technology activity, and is easily accessible from Vancouver, Seattle, Portland, San Francisco and other Pacific Rim locations. As Canada’s first LEED Gold Project, VITP concentrates on partnerships with organizations such as the IDC, VIATeC, NRC-IRAP, and universities and colleges to better assist the hi-tech community. With more than 191,000 square feet of rentable area in Phase I, VITP has designed a Master Plan that will accommodate an additional 250,000 sq. ft., which can provide an ideal environment for growing technology companies. The Park offers wet lab capability, specialized electrical and venting systems, and the latest data transfer technology. Flexible designs allow for the changing requirements of existing tenants, as well as the needs of new start-up companies. VITP’s 35 acres house a modern research and technology centre that enhances the creativity and productivity of its tenants by clustering fuel cell, new media, wireless, life science/biotech, ocean technology and ICT companies while providing amenities such as a fitness studio. At present, VITP has embarked on a master planning exercise to accommodate further growth that exists in our marketplace. The Vancouver Island Technology Park is now leasing all phases of the future development at the Tech Park. For more information on VITP’s Masterplan please click here.

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BC Innovation Council Announces New Chief Executive Officer

by April 10, 2007 5:00 pm

Vancouver, BC – Hector MacKay-Dunn, QC, Chair, is pleased to announce that Matthew Watson has joined BC Innovation Council as Chief Executive Officer. Mr. Watson draws on over two decades of high technology leadership and corporate experience as he accepts the challenge of leading British Columbia’s sole Crown Agency advancing innovation and commercialization initiatives throughout the Province.

Mr. Watson’s selection as CEO came after an expansive nationwide search by the Board’s CEO Search Committee consisting of Hector MacKay-Dunn, Q.C., Senior Partner at Farris, Vaughn, Wills and Murphy, Greg Aasen, Chief Strategy Officer of PMC Sierra, Greg Kerfoot, Chairman of the Vancouver Whitecaps Football Club, and Alan Winter, President & CEO of Genome BC.

Mr. Watson has a successful track record in assisting early stage companies through the commercialization phase. His industry experience includes contributing to the growth and success of British Columbia based technology companies. During his recent tenure as chief operating officer with Carmanah Technologies, a world leader in solar and LED lighting products, the company’s revenues grew from $6 million to over $60 million. While serving as Senior Vice-President, Business and Legal Affairs and Corporate Secretary at ACD Systems, he was a member of the executive team that increased revenues from $5 million to over $25 million.

“The British Columbia Innovation Council and its predecessor organizations make important contributions to advancing British Columbia’s position as a world-class centre for research, technology and innovation,” said Mr. Watson. “I look forward to working with Hector and the other exceptional members of the Council’s board and staff, the Ministry of Advanced Education, and its many partners and supporters in furthering the Council’s efforts and building on its many successes.”

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BC Innovation Council Announces new CEO

by April 10, 2007 12:18 pm

Vancouver, BC – Hector MacKay-Dunn, QC, Chair, is pleased to announce that Matthew Watson has joined BC Innovation Council as Chief Executive Officer. Mr. Watson draws on over two decades of high technology leadership and corporate experience as he accepts the challenge of leading British Columbia's sole Crown Agency advancing innovation and commercialization initiatives throughout the Province.

Mr. Watson has a successful track record in assisting early stage companies through the commercialization phase. His industry experience includes contributing to the growth and success of British Columbia based technology companies. During his recent tenure as chief operating officer with Carmanah Technologies, a world leader in solar and LED lighting products, the company's revenues grew from $6 million to over $60 million. While serving as Senior Vice-President, Business and Legal Affairs and Corporate Secretary at ACD Systems, he was a member of the executive team that increased revenues from $5 million to over $25 million.

"The British Columbia Innovation Council and its predecessor organizations make important contributions to advancing British Columbia's position as a world-class centre for research, technology and innovation," said Mr. Watson. "I look forward to working with Hector and the other exceptional members of the Council's board and staff, the Ministry of Advanced Education, and its many partners and supporters in furthering the Council's efforts and building on its many successes."

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