MRG Document Technologies Selects PTC® Arbortext® to Publish On-Demand Mortgage Documents; Unique Mortgage Closing Documents Published in Seconds

Business Wire,  March 27, 2006  

Tags: on-demand

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NEEDHAM, Mass. -- PTC (Nasdaq: PMTC), the Product Development Company(TM), today announced that MRG Document Technologies has selected PTC Arbortext solutions for its dynamic publishing system to deliver on-demand mortgage closing documents to large lenders, independent mortgage brokers and agents. PTC Arbortext solutions enable companies to automate the assembly and publishing of product and service information in multiple languages and media formats.

Using Arbortext, MRG will develop an innovative application that supports a library with thousands of content objects that can be assembled to produce over 50,000 unique combinations of final closing mortgage documents and published in a few seconds. MRG intends to use Arbortext throughout its organization to create and dynamically publish mortgage documents that are based on loan type, term, lender, as well as county, state and federal regulations. MRG selected Arbortext because it will allow them to offer new, more customized services to their clients such as print-on-demand capabilities for document recipients.

"Our company's success hinges on the quality of the documents we deliver to our customers," said Gregg Young, chief technology officer, MRG Document Technologies. "The Arbortext solution enables a less costly and more efficient process to automatically produce higher-quality information, leading to more satisfied customers and longer-term business relationships."

Arbortext is well suited for organizations that must meet customer demands to receive information that is accurate, relevant, consistent and current. The solution enables organizations to maximize the benefits of dynamic publishing through information reuse and publishing automation. Information reuse provides the advantage of increasing information accuracy by eliminating the need to maintain multiple copies of information. Publishing automation delivers the ability to automate the assembly of information for delivery to multiple audiences in multiple media formats.

"The need to create and deliver information that exceeds customer expectations for relevance, accuracy and convenience is becoming more critical as organizations realize the direct relationship of high-quality information to exceptional customer service and improved revenue," said PG Bartlett, vice president of product management for Arbortext products, PTC. "Our solutions address these requirements and enable MRG to build on its corporate image in providing top-quality mortgage documents that simplify and strengthen the lender's closing process. We're excited to work with MRG to advance their customer service commitment using PTC solutions for dynamic publishing."

About MRG Document Technologies

Dallas-based MRG Document Technologies designs, maintains and warrants as compliant, electronic documents for the mortgage industry. Founded in 1980, the company has more than 400 customers including lenders of all sizes, located nationwide. With more than 150 employees, MRG is dedicated to bringing more than 3,000 lender-specific forms and documents, guaranteed to comply with the most recent legislative and regulatory changes. For more information about MRG, visit www.mrgdocs.com.

About PTC Solutions for Dynamic Publishing

PTC solutions for dynamic publishing enable companies to automate the assembly and publishing of product or service information in multiple languages and formats. These solutions are made up of the Arbortext product family and are used by 30% of Fortune 500 companies in the manufacturing, life sciences, publishing, government, insurance and financial services industries.

About PTC

PTC (Nasdaq: PMTC) provides leading product lifecycle management (PLM), content management and dynamic publishing solutions to more than 40,000 companies worldwide. PTC customers include the world's most innovative companies in manufacturing, publishing, services, government and life sciences industries. PTC is included in the S&P 500 and Russell 2000 indices. For more information on PTC, please visit http://www.ptc.com.

Except for the historical information contained herein, matters discussed in this news release may constitute forward-looking statements that involve risks and uncertainties that could cause actual results to differ materially from those projected. These include: the successful development and integration of the technology necessary to offer integrated solutions that adequately responds to the evolving dynamic enterprise publishing requirements of customers; continued growth in the adoption of PLM solutions; PTC's ability to extend our solutions to vertical industries beyond the discreet manufacturing verticals traditionally served by PTC; PTC's ability to retain and maintain relationships with key Arbortext employees, customers and other strategic partners of Arbortext, including those within markets and vertical industries with which PTC has little experience; and that the market for, and customer adoption of, dynamic enterprise publishing may not grow as quickly as PTC expects, as well as other risks and uncertainties detailed from time to time in reports filed by PTC with the Securities and Exchange Commission, including the Company's most recent reports on Form 10-K and 10-Q. The announcement of any particular selection of PTC products is not necessarily indicative of the timing of recognition of revenue from such order or the level of revenue for any particular period.

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