Bay Logics Announces Major Q3 Customer Wins; The Container Store, Musicland, First Virginia Bank, and Excel Purchase LRM Solution

Business Wire, Oct 23, 2000

Business Editors

SAN DIEGO--(BUSINESS WIRE)--Oct. 23, 2000

Bay Logics Inc. (BLI), the leader in Lease Relationship Management software solutions (LRM), announced today that a number of prominent companies have purchased its SiteSeer product and training in Q3 including The Container Store, Musicland, First Virginia Bank, Excel, Goodyear Tires, Johnson Oil, Petco, Long John Silvers, AMC Theaters and more.

"We are very excited about using Bay Logics' SiteSeer software to help us manage lease and property maintenance as our company expands," said Cindy Luttrell, real estate department, Container Store. "Our goal is to do so as efficiently as possible and Bay Logics gives us that. It's one of the many reasons we chose Bay Logics over the competition."

Bay Logics' powerful and flexible tenant-based LRM software solutions seamlessly integrate real estate and accounting functions for small, medium-sized and large companies. SiteSeer is specifically designed to manage leased and owned properties, ground leases and easements. Bay Logics products track rent, options, lease features, notices, locations, contacts, operating costs, statistical cost ratios and physical property characteristics. SiteSeer is the most successful product of its kind with over 200 installments worldwide.

"Musicland is pleased with SiteSeer as a lease administration software program," said Barb Brockmueller, lease administration manager, Musicland. "The maintenance and construction modules, which were implemented this year, have also proven to be a successful way of tracking and paying invoices."

"We choose to listen to our users -- and their responses to both SiteSeer and our Domain C/S software solutions have been overwhelmingly positive," said Sam Borgese, president and CEO, Bay Logics. "It is this user feedback that allows us to say with complete confidence that our products are the best on the market today for cost-effectively and efficiently managing corporate real estate assets."

About Bay Logics

Established in 1987, Bay Logics Inc. is the industry leader in the development and delivery of software solutions to manage owned and leased real estate assets through installed and Web-hosted environments, helping companies make real-time, business-critical decisions. Located in San Diego, the company serves more than 280 of the world's best-known corporations including Sears, Starbucks and Staples. With a commitment to 100 percent customer satisfaction, dedication to industry innovation and delivery of best practice solutions, Bay Logics software solutions help its clients realize operational savings and increased profitability in the management of more than five billion square feet of property nationally. For further information regarding Bay Logics and its Lease Relationship Management solutions, contact Debra Arbogast at 619/955-1111; via fax at 619/237-7207, e-mail at dbigelow@baylogics.com; or visit our Web site at www.baylogics.com.

(c)Bay Logics Inc. 2000. All other company and/or product names are trademarks and/or registered trademarks of their respective manufacturers.