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Intermap Technologies Announces $488,000 Contract

Stocks in this article: IMP

DENVER, CO, Jan. 24, 2013 /PRNewswire/ - Intermap (IMP.TO), (ITMSF:BB), a leading provider of geospatial Solutions On Demand created from its uniform, high-resolution 3D digital models of the earth's surface, today announced that the Company received a $488,000 contract from a partner focused on South America data acquisition opportunities. The products and services to be provided under the terms of the contract will take place primarily during the current year, with a small portion of the deliverables expected to occur in the subsequent two year period.

" South America represents a large and growing market opportunity for Intermap in 2013 and beyond," said Todd Oseth, president and CEO of Intermap Technologies. "Our go-to-market strategy in this region is based on building strong partner relationships and this announcement is another indication that we're headed in the right direction."

About Intermap Intermap is an industry leader in location-based services and geospatial Solutions On Demand. Through its powerful suite of 3DBI applications and proprietary development of contiguous databases that fuse volumes of GIS data into a single source, Intermap is able to provide location-based solutions for customers in diverse markets around the world that solve today's complex geospatial challenges.

Intermap Reader Advisory Certain information provided in this news release constitutes forward-looking statements. The words "anticipate", "expect", "project", "estimate", "forecast" and similar expressions are intended to identify such forward-looking statements. Although Intermap believes that these statements are based on information and assumptions which are current, reasonable and complete, these statements are necessarily subject to a variety of known and unknown risks and uncertainties. You can find a discussion of such risks and uncertainties in our Annual Information Form and other securities filings. While the Company makes these forward-looking statements in good faith, should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary significantly from those expected. Accordingly, no assurances can be given that any of the events anticipated by the forward-looking statements will transpire or occur, or if any of them do so, what benefits that the Company will derive therefrom. All subsequent forward-looking statements, whether written or oral, attributable to Intermap or persons acting on its behalf are expressly qualified in their entirety by these cautionary statements. The forward-looking statements contained in this news release are made as at the date of this news release and the Company does not undertake any obligation to update publicly or to revise any of the forward-looking statements made herein, whether as a result of new information, future events or otherwise, except as may be required by applicable securities law.

SOURCE Intermap Technologies Corporation

Copyright 2011 PR Newswire. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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