WASHINGTON, D.C. — February 04, 2009 — The Open Standards Consortium for Real Estate (OSCRE), North America’s foremost standards development organization for the real property supply chain today announced Realogic.net (Realogic), a real estate software developer, has joined the non-profit group as an Associate member. OSCRE is an organization composed of industry leaders, like Realogic’s CIO R. Sean Fitzpatrick who are dedicated to the development and adoption of interoperable business standards for the real property supply chain.

According to Mr. Fitzpatrick, “Our Company has always been at the forefront of data exchange technology for the commercial real estate vertical. The strength of the OSCRE lease abstract standard compelled us to join the organization and commit to making our next generation lease abstracting platform, LeaseAbstract.com, OSCRE compliant.”

Realogic provides enterprise software in all phases of the real estate life cycle: acquisition, financing, asset/property management and disposition. Their real estate professionals leverage technology to increase efficiencies in the way data is captured, analyzed and managed.

“OSCRE’s 2009 strategic plan looks exceptionally bright primarily due to the economic downturn in the industry and growing demand for business solutions that increase productivity and optimizes resources. The knowledge Realogic’s CEO Salvatore Caldarone and CIO Sean Fitzpatrick bring to OSCRE’s standards development community is expected to provide exceptional value to our industry through their years of experience integrating a wide variety of software applications and consulting services for the commercial real estate industry” states OSCRE’s CEO Andy Fuhrman who concludes by saying “We’re very fortunate and extremely pleased to have the Realogic team on board.”

About the Open Standards Consortium for Real Estate (OSCRE) Americas

Headquartered in Washington, D.C., as a 501(c)(6) non-profit organization, OSCRE’s mission is to effectively facilitate the standards development process among key real estate stakeholders, including owners, tenants/occupants, investors, operators, tenants, developers, service providers, regulatory agencies, consulting firms, vendors and suppliers — to benefit all stakeholders and enable the real estate industry to function more efficiently in the digital economy. Supporting member organizations of OSCRE Americas represent in excess of $2.1 Trillion in Real Estate Assets, 12.3 Billion Square Feet of Floor Space and 1,370,500 association members. For more information please visit our website at http://www.oscre.org.

About Realogic

Realogic is an invaluable asset throughout the real estate life cycle. Their software tools include: LeaseAbstract.com™, a web based lease abstracting solution, Realogic Tools™, an Excel™ reporting tool for Argus™ and Realogic Budget, a web based budgeting solution. For more information please visit their website at: www.realogic.net.