ATLANTA, April 30, 2004 (PRIMEZONE) -- Harland Financial Solutions, Inc., a wholly owned subsidiary of John H. Harland Company (NYSE:JH), announced today that it has completed the acquisition of certain assets related to the electronic mortgage document product line from Grand Rapids, Michigan-based Greatland Corporation.
For more than 20 years, Greatland has been a leading provider of forms technology, compliance expertise and software compatible products to meet the needs of businesses to convey regulatory information.
The assets purchased include an electronic mortgage document library containing over 2,400 state and federal compliant lending forms. In addition, all of the employees of Greatland's mortgage document development business will be joining Harland Financial Solutions' newly formed Document Solutions Group. These employees will be moving to a new Harland Financial Solutions facility to be located in the metropolitan Grand Rapids area.
"Harland Financial Solutions is a leader in compliance and lending technology," said John O'Malley, president of Harland Financial Solutions. "Today, we are even stronger and better positioned for growth with our new electronic mortgage document business and its talented employees."
About Greatland Corporation
Since 1985, Greatland has developed compliant electronic documents for mortgage and financial institutions. Today, Greatland is an established leader in document innovation offering forms technology, compliance expertise and software compatible products and services for various business management applications. Greatland's product lines include electronic document management tools, electronic forms, electronic filing services, printed wage and income reporting forms and supplies, printed mortgage and banking documents, checks, tax preparation software and supplies, and other business software applications. For more information about Greatland Corporation, call 800-968-1099, or visit www.greatland.com.
About Harland Financial Solutions
Harland Financial Solutions (http://www.harlandfinancialsolutions.com) supplies software and services to thousands of financial institutions of all sizes. Harland Financial Solutions is a leader in deposit & loan origination, platform, teller, call-center, mortgage, business intelligence, core systems, customer relationship management systems, and compliance training software.
About Harland
Atlanta-based John H. Harland Company (NYSE: JH) (www.harland.net) is listed on the New York Stock Exchange under the symbol "JH." Harland is a leading provider of software and printed products to the financial institution market. Harland's software solutions include, deposit & loan origination, platform, teller, call-center, mortgage, business intelligence, core systems, and customer relationship management systems. Harland's printed products offerings include checks, direct marketing and financial forms. Scantron Corporation (www.scantron.com), a wholly owned subsidiary, is a leading provider of software services and systems for the collection, management and interpretation of data to the financial, commercial and educational markets.
This press release contains statements, which may constitute "forward-looking statements." These statements include statements regarding the intent, belief or current expectations of John H. Harland Company and members of its respective management, as well as the assumptions on which such statements are based. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties and that actual results may differ materially from those contemplated by such forward-looking statements. Reference is made to the Risk Factors and Cautionary Statements in Harland's Form 10-K and Form 10-Q filed under the Securities Exchange Act.