To: SAM-DAN who wrote (1489 ) 2/20/2002 10:47:06 AM From: Al Collard Respond to of 4470 BAS-t ...in the news:Basis100 provides valuation technology to REO.com Wed 20 Feb 2002 Mr. Joseph Murin reports BASIS100 ANNOUNCES STRATEGIC ALLIANCE WITH REO.COM. REO.COM ... Basis100 has signed an agreement with REO.com, a leader in electronic procurement for on-line purchases of foreclosed properties. This will be the first opportunity for real estate professionals and consumers to see an on-line value and comparable sales in the neighbourhood of the property to round out the suite of services being offered by REO.com. REO.com will allow its subscribers and sellers of real estate access to Basis100's automated property valuation solutions for its premier Web service which allows real estate professionals, homebuyers and real estate investors an opportunity to review up-to-date information about the availability of foreclosure properties and make offers directly to the seller or listing agent on the Internet. "We see enormous potential to enhance REO.com's OMS Exchange by making available current and accurate information to the buyers of foreclosed real estate and the listing professional," said Joseph Murin, chief operating officer, Basis100. "Until now, if a buyer in California wanted to 'check out' a property in Kansas they would need to wait for a drive by valuation or BPO. This way they can get an immediate valuation of the property on-line within seconds." "The future of REO.com's success in the marketplace is the ability to offer new tools and immediate information to the buyer, seller and real estate professional," said Dana Keith, president of REO.com. "Our subscribers are eager to get as much information as quickly as possible to make an offer on these properties. It truly benefits the seller of the real estate to have this information accessible on our site." Basis100 will be developing some additional products for the default and REO industry, and will be incorporating those tools into future releases of REO.com's OMS Exchange software. About REO.com REO.com, headquartered in Los Angeles, Calif., is a leading provider of foreclosure data and offer management services to the real estate industry. REO.com's OMS Exchange enables buyers of distressed property an e-commerce platform to electronically submit offers and other collateral data to the seller's desktop. Company personnel have years of combined experience in the default management and electronic real estate industry. For more information about REO.com, please visit www.reo.com.