TYL Tyler Technologies Corp

DALLAS, April 26 /PRNewswire-FirstCall/ -- Tyler Technologies, Inc. (NYSE:TYL) announced today that the Government of the United States Virgin Islands (USVI) has signed a contract under which it will streamline its financial management with Tyler's MUNIS Enterprise Resource Planning (ERP) software and related professional services. The contract, valued at nearly $3.6 million, includes a wide range of fully integrated financial, revenue, human resource and productivity software applications. Tyler will also provide implementation and consulting services, as well as ongoing maintenance and support. The agreement, which makes the USVI the first government in the Caribbean to select Tyler's MUNIS software, demonstrates the company's commitment to continued expansion into new territories. "Tyler Technologies is pleased to welcome the United States Virgin Islands as its newest customer," stated Richard Peterson, Jr., president of Tyler's MUNIS division. "Our MUNIS software solution is an outstanding fit for the USVI. Our proven, fully integrated ERP system will enable the government to operate business in a highly organized and efficient manner," he explained. "We look forward to a successful implementation in the USVI and to continued growth in the Caribbean," he added. According to Bernice A. Turnbull, Commissioner of Finance for the USVI, the ease of using the MUNIS system and the willingness of Tyler to work with the government were integral to its decision to purchase Tyler's MUNIS software. "One of the key factors was that the system is very user friendly. We were also quite impressed with the interaction we had with senior management from Tyler, including a visit from James Hurley, Vice President of Sales and Marketing. This showed how committed Tyler was to working with the Virgin Islands," stated Ms. Turnbull. The MUNIS ERP software solution will enable the USVI to conduct business more efficiently through the integration of its software applications. The USVI government also looks forward to benefiting from the software system's ability to place real-time information such as accurate budgetary figures at its fingertips. "The improved functionality of the Payroll, General Ledger, Project & Grant Accounting, and Budgeting applications is going to help us immediately," stated Ms. Turnbull. Ms. Turnbull noted that the government appreciates the fact that using the MUNIS Personnel application is less time intensive than its previous system, enabling government workers to focus more time on other initiatives. Being able to perform timely audits within MUNIS will provide managers with the information they require to make better decisions. The United States Virgin Islands consists of three Caribbean islands, located east of Puerto Rico: St. Thomas, St. John and St. Croix, with St. Thomas' Charlotte Amalie serving as the capital. The U.S. purchased these islands from Denmark in 1917. Today the USVI has a population of approximately 109,000. This popular Caribbean destination hosts nearly two million visitors yearly, making tourism its major industry. The USVI is known for beautiful sandy beaches, crystal-clear waters, rainforests, hiking trails, snorkeling and shopping. Based in Dallas, Tyler Technologies is a leading provider of end-to-end information management solutions and services to local governments. Tyler partners with clients to make local government more accessible to the public, more responsive to needs of citizens, and more efficient. Tyler's client base includes nearly 6,000 local government offices throughout all 50 states, Canada, Puerto Rico and the United Kingdom. Forbes Magazine named Tyler one of the "200 Best Small Companies" in America in 2004. More information about Tyler Technologies can be found at http://www.tylerworks.com/ . Tyler Technologies, Inc. has included in this press release "forward- looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995 concerning its business and operations. 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. These expectations and the related statements are inherently subject to risks and uncertainties that could cause actual results to differ materially from those set forth in, contemplated by, or underlying the forward-looking statements. The risks and uncertainties which forward-looking statements are subject to include, but are not limited to, changes in competition, changes in general economic conditions, changes in the budgets and regulatory environments of the Company's customers, risks associated with the development of new products and the enhancement of existing products, the ability to attract and retain qualified personnel, and other risks detailed from time to time in the Company's filings with the Securities and Exchange Commission. http://www.newscom.com/cgi-bin/prnh/20020416/TYLLOGO http://photoarchive.ap.org/ DATASOURCE: Tyler Technologies, Inc. CONTACT: Brian K. Miller, Senior Vice President - CFO of Tyler Technologies, Inc., +1-972-713-3720, or Web site: http://www.tylerworks.com/

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