REALM Strengthens Management Team; Expanding Its Product Management, Sales and Client Service Areas

Business Wire, May 7, 2002

Business Editors

NEW YORK--(BUSINESS WIRE)--May 7, 2002

REALM Business Solutions, Inc. announced today the addition of Jim Tanner as Vice President of Product Management.

Mr. Tanner has over 13 years of experience in software and e-business product management to the Fortune 1000. Prior to joining the REALM, Mr. Tanner was Director of NetWare Product Management for Novell, Inc., where he spearheaded the NetWare 6 strategy and vision rejuvenating the NewWare product line on a global basis resulting in more than $500 million in annual revenue. Prior to Novell, Inc., Mr. Tanner was Director of Product Marketing for Fountain Technologies and Product Manager for WordPerfect Corporation.

"We are extremely excited about Jim joining the REALM and rounding out our senior management team. His experience in managing the needs of customers within an overall development agenda will enable us to deliver more effective products as part of our entire enterprise offering," said Don MacKinnon, CEO and President.

In addition to strengthening its Product Management team, the REALM has hired several new Sales Representatives to cover specific regions across the United States. Within the Eastern Region, led by Walt Turney who joined the company last fall from Onyx Software, the REALM has added representatives to cover Boston, Atlanta and New York. Within the Western Region, led by Steve Goodison who joined the company in February 2002 from Kovair, Inc., the REALM has added representatives to cover San Francisco, Los Angles, Dallas and Chicago. - The REALM continues to consolidate and expand its Inside Sales effort under Chris Busch who joined the company last fall from QuotaVision.

Further, the REALM has expanded its Client Services practice as it relates to the REALM's industry leading financial analysis products ARGUS, DYNA and REALMBudget under the leadership of Relina Bulchandani who joined the team last fall from Cap Gemini Ernst & Young's Engineering, Construction & Real Estate Practice.

"We have made a significant effort in the last six months to improve our overall relationship with our clients. To accomplish this, we have brought on a group of experienced and professional relationship managers who understand how to solve inefficient business processes. This group of professionals has come from well-established solution providers. Additionally, we have placed these relationship managers closer to our clients in order to address their needs on a regular basis," said Mr. MacKinnon.

About the REALM www.realm.com

REALM Business Solutions, Inc. is a leading provider of integrated real estate technology solutions and is the author of reXML. Its property management, financial analysis and e-business solutions are available through conventional or ASP deployment. Over 5,750 clients - from the largest REITs to the smallest appraisal and management firms - use more than 25,000 software licenses to run REALM products that automate processes, improve operating efficiencies and increase profit margins.