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News January 3, 11:38 Eastern Time TYLER TECHNOLOGIES' COLE LAYER TRUMBLE UNIT AWARDED $2.4 MILLION CONTRACT WITH THE CITY AND COUNTY OF HONOLULU; NEW SOFTWARE WILL ENABLE Property Owners to Access Tax and Appraisal Information Via the Internet DALLAS, Jan 3, 2000 /PRNewswire via COMTEX/ -- Dallas-based Tyler Technologies, Inc. (NYSE: TYL) today announced that the City and County of Honolulu, Hawaii, has entered into a $2.4 million, three-year contract with Cole Layer Trumble Company (CLT), a Tyler Technologies subsidiary based in Dayton, Ohio, to install CLT's Integrated Assessment System (IAS) for use by the Honolulu Assessor's and Tax Collector's offices to administer their property tax functions. IAS is comprised of several modules that will provide Honolulu with the ability to maintain property descriptions, establish values, administer exemptions, calculate taxes, produce tax bills and collect property taxes. "The Honolulu Assessor's Office has been using our Mass Appraisal System (MAS) software since 1985 to manage the appraisal and assessment functions," said Bruce Nagel, CLT's President and CEO. "After an exhaustive search for new software, the City and County of Honolulu has selected CLT to provide cutting-edge software and services for the Tax Collector and to replace the MAS software with IAS in the Assessor's office. Honolulu becomes the sixty- fifth jurisdiction to buy IAS, and Hawaii becomes the 22nd state in the U.S. in which IAS will be installed. "This contract sets the stage for CLT to continue its long relationship with Honolulu well into the future," continued Nagel. "Honolulu had already completed Y2K remediation of their legacy software, so this purchase is being driven by their desire to take advantage of new technology to improve the administration of their locally controlled revenue source -- the property tax. "In recent years, Y2K concerns have driven many local government software decisions. Now we are seeing a significant trend toward local governments upgrading systems to take advantage of new technology to improve productivity and provide better services to their constituents," Nagel added. As part of the IAS implementation, CLT will install its web-enabled Community Access Response Environment (CARE) and the Spatially Enabled Access Module (SEAM). CARE and SEAM provide for Internet access to assessment and tax data, with the ability to display information on digitally displayed ownership maps. Property owners will be able to find their property on the tax map and review the parcel's description, valuation information and tax payment information via the Internet. The development of IAS began in 1989 and is now in its fourth major release. IAS has been written using the Oracle relational database engine and Oracle development tools such as Developer 2000 to create the front-end user interfaces. IAS is the only "all Oracle" mass appraisal and property tax administration software commercially available to local assessing and taxing jurisdictions. CLT was founded in 1938 and is regarded as the oldest and largest provider of mass appraisal and related property tax software and services in the nation. CLT currently has active projects in more than 30 states and two Canadian provinces. Tyler Technologies acquired CLT in November 1999. Additional information on CLT can be found on the World Wide Web at www.cltco.com. Tyler Technologies is a major provider of technology, software, data products, and electronic document management systems and services for local governments and other enterprises. Tyler was founded in 1966 and has its corporate headquarters in Dallas, Texas. Tyler has annualized revenues of more than $140 million and employs approximately 1,450 people. Additional information on Tyler Technologies can be found on the World Wide Web at www.tylertechnologies.com. Tyler Technologies, Inc., has included forward-looking statements concerning its business and operations in this press release. Although Tyler Technologies believes that the expectations reflected in these forward-looking statements are reasonable, these expectations and the related statements are subject to risks and uncertainties that could cause actual results to differ materially from those projected. Tyler Technologies expressly disclaims any obligation to release publicly any updates or revisions to these forward- looking statements to reflect any change in its expectations. SOURCE Tyler Technologies, Inc. (C) 2000 PR Newswire. All rights reserved.prnewswire.com