RealtyRates.com Signs Enterprise-Wide Agreement With Beal Bank

RealtyRates.com has announced the signing of an enterprise-wide agreement with Beal Bank, SSB. With over $5.5 billion in assets and $1 billion in equity capital, Beal Bank is one of the largest privately owned financial institutions headquartered in Texas.

BRADENTON, FLORIDA and PLANO, TEXAS - June 30, 2003

RealtyRates.com today announced the signing of an enterprise-wide agreement with Beal Bank, SSB. With over $5.5 billion in assets and $1 billion in equity capital, Beal Bank is one of the largest privately owned financial institutions headquartered in Texas.

Building upon the enhanced online security and private portal solutions developed by RealtyRates.com in conjunction with a similar agreement with Bank of America, the new contract provides all Beal Bank offices nationwide with secure on-demand access to RealtyRates.com's extensive array of proprietary commercial real estate investment, financial, and market data resources.

According to RealtyRates.com president Robert Watts, "Beal Bank is a major player in the secondary market and another in the rapidly growing list of major financial institutions we are rightfully proud to serve."

Financial terms of the agreement were not disclosed.

Plano,Texas-based Beal Bank, SSB (http://www.BealBank.com), is a wholesale bank operating primarily in the secondary markets where loans and debt securities are bought and sold. While Beal Bank does originate some loans, they account for just 10% of assets and earnings with the balance of the bank's business largely involving the purchase and sale, in the national capital markets, of loans and debt securities originated by others. Recently, Beal Bank purchased the failed Southern Pacific Bank in California.

Headquartered in Bradenton, Florida, RealtyRates.com (http://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.