ISC POSTS THIRD-HIGHEST PROFIT IN ITS HISTORY IN 2011

Following a year of growth and transformational change, Information Services Corporation (ISC) posted a profit of $17.2 million in 2011, the third highest profit in ISC history.

"Progressive and positive changes took place at ISC during 2011, where the corporation took great strides to redefine and transform its business - all with a common goal to enhance service to customers," Minister responsible for ISC Tim McMillan said. "Notable accomplishments include the launch of Business Registrations Saskatchewan, the completion of foundational steps in modernizing the Vital Statistics Registry and the full integration of the Corporate Registry within ISC. It's through initiatives like these that ISC is supporting Saskatchewan's strong economy."

ISC's net income of $17.2 million in 2011 was an increase of $1.6 million over the $15.6 million reported in 2010. ISC has also committed to paying a $15.5 million dividend to Crown Investments Corporation (CIC), compared to $14.0 million in 2010.

"ISC is consistently rated as one of the top companies in the province and the nation," ISC President and CEO Jeff Stusek said. "In 2011, ISC was recognized as one of the top employers in Saskatchewan and one of the best diversity employers in Canada. These awards speak volumes about the type of innovative workplace that ISC employees build every day."

Operational highlights of the 2011 Annual Report include:

• Business Registrations Saskatchewan launched in May. The website provides one easy-to-use online process to complete the steps required to register a business with the Corporate Registry, for Provincial Sales Tax (PST) with the Ministry of Finance and as an employer with Saskatchewan Workers' Compensation Board.
• ISC fully integrated the Corporate Registry into offices and processes in March 2011, following the registry's formal transfer from the Ministry of Justice in 2010.
• ISC examined its service delivery model in 2011 and began a transformation of its Operations team into two distinct teams over time - one focused on processing and one focused on customer experience. The goal of the transformation is to provide customers with a consistent experience, predictable service standards and high quality interactions.
• As foundational steps in the modernization of the Vital Statistics Registry, ISC converted 3.6 million paper records into more easily accessible electronic format and implemented a new software system to support the registry.

More information about ISC, including the full 2011 Annual Report, can be found at www.isc.ca.

About ISC

Information Services Corporation (ISC) is the provincial Crown corporation responsible for land titles, vital statistics, survey, personal property and corporate registries, as well as related geographic information.

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For more information, contact:

Julianne Jack
Information Services Corporation
Regina
Phone: 306-798-2136
Email: julianne.jack@isc.ca