Y2homes.com, is Proud to Announce an addition to its Executive Management Team with the Appointment of Michael S. Beer as President

Business Wire, June 7, 2000

Business Editors/Hi-Tech Writers

PHILADELPHIA--(BUSINESS WIRE)--June 7, 2000

Y2homes.com, the technology bridge between the Internet Empowered Consumer and the Real Estate Broker of the 21st century is proud to announce the appointment of Michael S. Beer as President.

Mr. Beer as a leading real estate broker in both New Jersey and Pennsylvania brings an in depth understanding of the real estate industry as well as the e-commerce challenges facing brokers today.

The Founders and Co-CEO's of y2homes.com, Mr. John Bambach, Jr. and Dr. Carter Murdoch, believe that "Mr. Beer's significant real estate expertise enhances its business model and helps establish y2homes.com as the premier technology sales tool for the Real Estate industry for on-line and auction transactions."

Mr. Beer will help deliver a clear, unified message to the real estate community that y2homes.com offers a realtor-centric suite of services. These services are designed to increase the real estate firms' market share by staying ahead of the consumers demand for information. Y2homes services provide information to consumers, which facilitate more informed decision-making.

Mr. Beer says of y2homes.com, "y2homes.com's Realtor Centric services are the first true innovation in expediting the sale of real estate since the computerized MLS."

Mr. Beer was one of four key executives responsible for the growth of Prudential Preferred Properties, Philadelphia, into one of the nations leading real estate firms. This success culminated in the eventual sale of Prudential Preferred Properties to Fox & Roach Realtors.

The combined firm became known as Prudential Fox & Roach Realtors, Devon, PA. Mr. Beer has supervised nearly every department in the multi-office real estate company: Resale to New Homes, Relocation to Commercial. He served as Broker of Record in New Jersey and Pennsylvania and Senior Vice President of Prudential Preferred Properties.

He later served as Senior Vice President of Prudential Fox & Roach Realtors.

Mr. Beer's career accomplishments include the supervision of more than 1,600 Sales Associates and 36 Branch Managers in 3 states. His continued commitment to the real estate industry and outstanding service resulted in the delivery of more than 50,000 hours of continuing education to the sales associates and management team of the firms he served.

Mr. Beer was one of the architects of PA Act 112, Agency Legislation enacted by the PA Legislature in 1999. His progressive vision will be an asset to providing real estate firms around the country with an innovative tool designed to increase their customers' satisfaction thereby creating growth in market share.

Y2homes.com is a B2B Internet based technology company, designed by Realtors for Realtors as an innovative tool to provide their clients with timely information, previously unavailable, allowing for more informed decisions. All Realtors and their clients are afforded the same level of knowledge instantaneously creating significantly greater customer satisfaction and market share growth.

Y2homes.com enables the Realtor to maintain a competitive edge by staying ahead of the consumer's demand for Internet real estate services.