SETTLEMENTROOM GOES TO HAWAII

Kona Board Extends Deal To Entire State

Publishing date: 11/14/03

Vienna, VA - SettlementRoom Systems, Inc., the industry's leading provider of transaction management software, announced today that it has entered into an agreement with the Kona Board of Realtors (KBR) through which KBR members will be able to manage individual listings, or multiple closings and numerous participants, even across multiple locations. Through this agreement, KBR will provide its entire membership with access and support for its SR Enterprise transaction management system. In addition, KBR and SettlementRoom have agreed to extend the arrangement to all other Realtors in Hawaii.

According to Dr. Jonathan Cutler, President of SettlementRoom "We have been working hard with the Kona Board to develop a complete package for their members - one that allows all of their brokers and agents to reap the benefits of transaction management, whether they run a team or an office doing hundreds of transactions a year, or they just do a few transactions a year on a part time basis. There is now a strong trend toward associations seeing transaction management as an integral part of their offerings, just an extension of the MLS, and Kona is really at the forefront of this group."

Robert Cheesbrough, President Elect of the Kona Board of Realtors, explained "We have spent almost two years researching transaction management platforms for our members, knowing that ultimately this would become the industry standard way of doing business. Like brokers and agents everywhere, our members have been struggling with the increasing communication and documentation requirements of even the simplest transactions. SettlementRoom provides document management, task and action plan management, calendaring, messaging, showing feedback, and archiving - and in such an intuitive environment. When we saw SettlementRoom, we knew that we had found the right product, and the right price point, for KBR. "

SettlementRoom is an established software company serving the real estate industry nationwide. For more information about SettlementRoom, or to schedule a demo or an interview, please call 888-661-6600 or feel free to visit www.settlementroom.com. Please direct emails to inquiries@settlementroom.com.