RealtyRates.com Signs Enterprise-Wide Agreement With Bank of America

RealtyRates.com today announced the signing of an enterprise-wide agreement with Bank of America the largest bank in the United States. The new contract, which expands upon a previous arrangement with Bank of America Securities, provides all 150,000 associates of Bank of America worldwide with full access to RealtyRates.com's extensive array of commercial real estate investment, financial, and market data resources.

For immediate Release

RealtyRates.com Signs Enterprise-Wide Agreement With Bank of America

BRADENTON, FLORIDA and IRVINE, CALIFORNIA - October 14, 2002

RealtyRates.com today announced the signing of an enterprise-wide agreement with Bank of America the largest bank in the United States.

The new contract, which expands upon a previous arrangement with Bank of America Securities, provides all 150,000 associates of Bank of America worldwide with full access to RealtyRates.com's extensive array of commercial real estate investment, financial, and market data resources.

According to Realtyrates.com president Robert Watts, "In order to accomplish this task, we have implemented new online security solutions and developed a private portal to the RealtyRates.com Web site which may be accessed only via Bank of America's own secure intranet."

Financial terms of the agreement were not disclosed.

Headquartered in Bradenton, Florida, RealtyRates.com (www.RealtyRates.com) operates a comprehensive, Web-enabled, integrated service designed to provide government agencies and private industry with timely investment, financial, and operating data essential to the evaluation, marketing, and disposition of income-producing property. The firm's three quarterly market data surveys are widely utilized by banks, commercial real estate professionals, investors, developers, and property tax assessment authorities throughout the country.

With with $680 billion in total assets, Charlotte, North Carolina-based Bank of America (www.BankofAmerica.com) is the largest bank in the United States. It has full-service operations in 21 states and the District of Columbia and provides financial products and services to 30 million households and two million businesses, as well as international corporate financial services for business transactions in 190 countries.