Interealty Launches MLXchange 2.0
06 May 2005 - 2:30AM
PR Newswire (US)
Interealty Launches MLXchange 2.0 New version of Web-based MLS
system to be unveiled at NAR trade expo MARKHAM, ON and VIENNA, VA,
May 5 /PRNewswire-FirstCall/ -- Interealty, a division of Geac(R)
(TSX: GAC, NASDAQ: GEAC), today launched version 2.0 of MLXchange,
the latest release of its popular, Web-based Multiple Listing
Service (MLS) system. The new software will be demonstrated at the
National Association of REALTORS(R) 2005 Midyear Legislative
Meetings and Trade Expo in Washington, D.C., May 11-13, 2005. More
than 14,000 hours in development, MLXchange 2.0 is the seventh and
largest upgrade to Interealty's Web-based MLS system since it was
originally launched in 2001. This latest version incorporates a
host of new and enhanced features-including a new Comparative
Market Analysis module, an online report editor, and improvements
to the prospecting and listing maintenance functions- making it
even easier for agents to differentiate their services while
managing their listings and clients more efficiently.
Significantly, all of the enhancements in MLXchange 2.0 were
selected and approved by Interealty's customers through a series of
user group meetings and conference calls. "The MLXchange advisory
board has worked closely with Interealty to make sure version 2.0
includes the features that will provide the greatest benefit to the
greatest number of users," said Joel Cohen, Vice President of the
Mid- Florida Regional MLS and Chairman of the MLXchange User Group.
"Interealty continues to demonstrate an exceptional commitment to
its customers by involving us in the MLXchange design process. I
feel more like a shareholder or business partner than a client."
Established shortly after the program's debut, the MLXchange User
Group meets twice a year in various locations across North America.
A record number of customers have registered to attend this year's
User Group Summit in Savannah, Georgia, which will focus on plans
for MLXchange 2.1 and beyond. "With MLXchange 2.0, we have built a
system that puts a tremendous amount of power in the hands of our
customers," said Rich Paulson, Director of Product Management for
Interealty. "Customers have the freedom to change the way the
program looks and works, to partner with other vendors, and to use
their valuable data any way they want. More importantly, features
like the new Comparative Market Analysis module and online report
editor make it easier than ever for Realtors to customize their
services and truly stand out from the crowd." About Interealty
Interealty, a division of Geac, is a premier provider of Multiple
Listing Service (MLS) systems and real estate software in North
America. Interealty offers a full line of technology products and
support services to the real estate industry, including MLS
organizations, franchisors, and agents. For more than three
decades, Interealty has provided North America's leading real
estate boards and associations with innovative products like its
MLS system, MLXchange. Headquartered in Vienna, Virginia,
Interealty has offices throughout North America. Further
information is available at http://www.interealty.com/ or through
e-mail at . About Geac Geac (TSX: GAC, NASDAQ: GEAC) is a global
enterprise software company that addresses the needs of the Chief
Financial Officer. Geac's best-in-class technology products and
services help organizations do more with less in an increasingly
competitive environment, amidst growing regulatory pressure, and in
response to other business issues confronting the CFO. Further
information is available at http://www.geac.com/ or through e-mail
at . This press release may contain forward-looking statements of
Geac's intentions, beliefs, expectations and predictions for the
future. These forward-looking statements often include use of the
future tense with words such as "will," "may," "intends,"
"anticipates," "expects" and similar conditional or forward-looking
words and phrases. These forward-looking statements are neither
promises nor guarantees. They are only predictions that are subject
to risks and uncertainties, and they may differ materially from
actual future events or results. Geac undertakes no obligation to
update or revise the information contained herein. Important
factors that could cause a material difference between these
forward-looking statements and actual events include, among other
things: our ability to increase revenues from new license sales,
cross-sell into our existing customer base and reduce customer
attrition; whether we can identify and acquire synergistic
businesses and, if so, whether we can successfully integrate them
into our existing operations; whether we are able to deliver
products and services within required time frames and budgets to
meet increasingly competitive customer demands and performance
guaranties; risks inherent in fluctuating international currency
exchange rates in light of our global operations and the
unpredictable effect of geopolitical world and local events;
whether we are successful in our continued efforts to manage
expenses effectively and maintain profitability; our ability to
achieve revenue from products and services that are under
development; the uncertain effect of the competitive environment in
which we operate and resulting pricing pressures; and whether the
anticipated effects and results of our new product offerings and
successful product implementation will be realized. These and other
potential risks and uncertainties that relate to Geac's business
and operations are summarized in more detail from time to time in
our filings with the United States Securities and Exchange
Commission and with the Canadian Securities Administrators. Please
refer to Geac's most recent quarterly reports available through the
website maintained by the SEC at http://www.sec.gov/ and through
the website maintained by the Canadian Securities Administrators
and the Canadian Depository for Securities Limited at
http://www.sedar.com/ for more information on risk factors that
could cause actual results to differ. Geac is a registered
trademark of Geac Computer Corporation Limited. All other marks are
trademarks of their respective owners. DATASOURCE: Geac Computer
Corporation Limited CONTACT: Media Contacts: Bryan Foreman,
Interealty, (202) 281-4646, ; David Domeshek, Geac, (508) 871-5064,
Copyright