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DATAMAP, INC. SIGNS AGENCY AGREEMENT WITH INVESTMENT BANK

 MINNEAPOLIS, March 8 /PRNewswire/ -- DataMap, Inc. (OTC Bulletin Board: DTMP) today announced that William Blair & Company has been engaged to advise and assist the company in completing its financing objectives.
 The company intends to use potential proceeds to expedite national expansion and sales of its Geographic Underwriting System (GUS(R)), to accelerate marketing and sales of proprietary analytical products to the banking industry, and to increase working capital. The GUS(R) expansion follows successful pilot project testing in Florida by seven major property and casualty insurance companies.
 The company also announced that private investors have provided $300,000 in bridge financing.
 DataMap, based in Eden Prairie, Minn., provides computerized geographic solutions for the insurance, banking and retail industries -- utilizing its proprietary software and national road and street database coupled to census demographics and customer data.
 -0- 3/8/93
 /CONTACT: Gary Mertz, president and COO, 612-934-0900, or James Hovis, chairman and CEO, 815-758-5983, DataMap, Inc.; or Alex Tassos of Alex Tassos & Associates, 619-748-0787, for DataMap, Inc./
 (DTMP)


CO: DataMap, Inc.; William Blair & Company ST: Minnesota IN: CPR FIN INS SU: CON

ML -- DE004 -- 3850 03/08/93 09:14 EST
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Publication:PR Newswire
Date:Mar 8, 1993
Words:190
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