Equity Depot Acquires Equisystems & Atlanta Foreclosure Report

The combined company will release new database products aimed at alerting lenders, the government and law firms to potential loss from foreclosure or real estate fraud.

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Atlanta, GA (PRWEB) June 17, 2006

Equity Depot.NET (http://www.equitydepot.net)today announced that it has acquired Equisystems, LLC, an Atlanta based real estate data firm.

Equisystems has been providing critical information on foreclosures to real estate investors, real estate agents, law firms, mortgage lenders, U.S. government agencies and the media for over 15 years. Their product called the “Atlanta Foreclosure Report®” is a well respected source for this information.

The company intends to expand its current data products nationally while quickly releasing several new products aimed at helping current and new customers identify and manage risk. These products will integrate key data at the point of loan origination as well as through on-going portfolio monitoring. The company has amassed a historical database of hundreds of thousands of properties that have been foreclosed on in the past 10 years. This information along with new data will be integrated and utilized to pin point and alert customers to potential foreclosure or fraud.

“We are very excited about the prospects of the combined company and working with Equisystems management to serve our current customers better while releasing important new products to the industry,” said David Cook and Mark Sulimirski, Co-Founders of Equity Depot.

Equity Depot and Equisystems management will remain with the company and they will continue to serve their full line of customers. Customers using Equisystems will be given immediate access to Equity Depot’s powerful on-line data, analysis and management tools.

“Both Bill and I are thrilled to be combining forces with Equity Depot to implement many of the products we believe our customers need and want. This is an exciting new relationship for our customers and us,” said Barry Bramlett, President, Equisystems.

About Equity Depot

Equity Depot is a real estate company provider based in Alpharetta, GA.

Its mission is to use data and technology to allow customers involved in

real estate to make more informed decisions. For more information about Equity Depot, visit the company’s Web site at http://www.equitydepot.NET

About Equisystems

Equisystems is a real estate data company specializing in foreclosure information for 15 years in Georgia. Through their flagship product, The Atlanta Foreclosure Report®, they have built a solid reputation in the real estate community in Georgia. The company is based in Kennesaw, GA.

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