Analytical Surveys Completes Sale of Colorado Springs Office

Apr 27, 2001, 01:00 ET from Analytical Surveys, Inc.

    INDIANAPOLIS, April 27 /PRNewswire/ --
 Analytical Surveys, Inc., (ASI) (Nasdaq: ANLT), a leading provider of
 customized data conversion and digital mapping services for the geographic
 information systems ("GIS") market, today announced it has completed the sale
 of substantially all the assets of its Colorado Springs, Colorado-based land
 mapping office.  ASI sold the office to The Sanborn Map Company, Inc., for a
 total consideration of $9.0 million.  ASI originally announced its intent to
 sell the office in February.
     Norman Rokosh, President and CEO of ASI, said, "The completion of this
 transaction represents a major milestone for ASI.  The proceeds from this sale
 will allow us to substantially reduce our debt load and interest expense, and
 we are currently restructuring our borrowing arrangements with our lending
 group.  Moreover, we can now sharpen our management, operational and marketing
 focus on our utility and cadastral mapping services, as well as opportunities
 in the geospatial data management sector."
     Rokosh said that Sanborn and ASI will work together to ensure that current
 contracts are not impacted by the transition of ownership.  Sanborn and ASI
 will work with one another on a subcontractor basis to complete various
 contracts that require a combination of each business' services.
     "In conjunction with this transaction, ASI is reaffirming its commitment
 to the utility and cadastral mapping markets," said Hamid Akhavan, Senior Vice
 President of Utility Operations for ASI.  "As we have done for more than four
 decades, we will continue to provide a full package of customized geospatial
 data management services for the entire project life cycle."
 
     About ASI
     Analytical Surveys Inc. (ASI) is a premier provider of technology-enabled
 solutions and expert services for geospatial data management, including data
 capture and conversion, planning, implementation, distribution strategies and
 maintenance services.  As an industry leader for more than 40 years, ASI is
 dedicated to providing utilities with responsive, proactive solutions that
 maximize the value of the information and technology asset.  In addition to
 its corporate offices in Indianapolis, Indiana, ASI maintains several
 facilities across the United States and is listed on the Nasdaq under the
 symbol "ANLT."  For more information, visit www.anlt.com.
 
     Certain statements made in this news release are forward-looking
 statements within the meaning of the Private Securities Litigation Act of
 1995.  Results may differ materially from the Company's expectations.  A
 number of uncertainties and other factors could cause actual results to differ
 materially from such forward-looking statements, including, but not limited
 to, the possibility that the Company will not be awarded contracts in the
 numbers, for the amounts, or at the time that the Company currently expects,
 and therefore, that overall contract volume does not increase.  The
 forward-looking statements are also based on assumptions related to the growth
 of the Company's consulting services, as to which there can be no assurance.
 A more detailed description of factors that could affect the Company's
 financial results are included in the Company's Annual Report on Form 10-K and
 other filings with the Securities and Exchange Commission.
 
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SOURCE Analytical Surveys, Inc.
    INDIANAPOLIS, April 27 /PRNewswire/ --
 Analytical Surveys, Inc., (ASI) (Nasdaq: ANLT), a leading provider of
 customized data conversion and digital mapping services for the geographic
 information systems ("GIS") market, today announced it has completed the sale
 of substantially all the assets of its Colorado Springs, Colorado-based land
 mapping office.  ASI sold the office to The Sanborn Map Company, Inc., for a
 total consideration of $9.0 million.  ASI originally announced its intent to
 sell the office in February.
     Norman Rokosh, President and CEO of ASI, said, "The completion of this
 transaction represents a major milestone for ASI.  The proceeds from this sale
 will allow us to substantially reduce our debt load and interest expense, and
 we are currently restructuring our borrowing arrangements with our lending
 group.  Moreover, we can now sharpen our management, operational and marketing
 focus on our utility and cadastral mapping services, as well as opportunities
 in the geospatial data management sector."
     Rokosh said that Sanborn and ASI will work together to ensure that current
 contracts are not impacted by the transition of ownership.  Sanborn and ASI
 will work with one another on a subcontractor basis to complete various
 contracts that require a combination of each business' services.
     "In conjunction with this transaction, ASI is reaffirming its commitment
 to the utility and cadastral mapping markets," said Hamid Akhavan, Senior Vice
 President of Utility Operations for ASI.  "As we have done for more than four
 decades, we will continue to provide a full package of customized geospatial
 data management services for the entire project life cycle."
 
     About ASI
     Analytical Surveys Inc. (ASI) is a premier provider of technology-enabled
 solutions and expert services for geospatial data management, including data
 capture and conversion, planning, implementation, distribution strategies and
 maintenance services.  As an industry leader for more than 40 years, ASI is
 dedicated to providing utilities with responsive, proactive solutions that
 maximize the value of the information and technology asset.  In addition to
 its corporate offices in Indianapolis, Indiana, ASI maintains several
 facilities across the United States and is listed on the Nasdaq under the
 symbol "ANLT."  For more information, visit www.anlt.com.
 
     Certain statements made in this news release are forward-looking
 statements within the meaning of the Private Securities Litigation Act of
 1995.  Results may differ materially from the Company's expectations.  A
 number of uncertainties and other factors could cause actual results to differ
 materially from such forward-looking statements, including, but not limited
 to, the possibility that the Company will not be awarded contracts in the
 numbers, for the amounts, or at the time that the Company currently expects,
 and therefore, that overall contract volume does not increase.  The
 forward-looking statements are also based on assumptions related to the growth
 of the Company's consulting services, as to which there can be no assurance.
 A more detailed description of factors that could affect the Company's
 financial results are included in the Company's Annual Report on Form 10-K and
 other filings with the Securities and Exchange Commission.
 
                     MAKE YOUR OPINION COUNT -  Click Here
                http://tbutton.prnewswire.com/prn/11690X48388418
 
 SOURCE  Analytical Surveys, Inc.