Condo-Hotel Software in High Demand; Property Managers Signing on to CondotelWare Management System

Business Wire, July 19, 2005

ORLANDO, Fla. -- As the condo-hotel market expands, so does the need for efficient management software. Managers of condo-hotel properties expressed considerable interest in CondotelWare at the recent Hospitality Industry Technology Exposition and Conference (HITEC) in Los Angeles, June 20-23, 2005.

CondotelWare executives received numerous expressions of interest and are expected to sign contracts with at least six properties in the coming months, adding to the growing list of properties committed to using CondotelWare, including the Marlin apartments in the United Kingdom, The Tides in Miami, FL, Bonaventure Resort & Spa in Weston, FL, The Blake in Chicago, and The Sanctuary in Miami Beach, FL.

"Ever since we formally launched CondotelWare, the response from hotel developers and management companies has been tremendous. Everyone wants to get into the condo-hotel business and they are facing the complexity of managing these resorts. We are the only company that has designed and released a product specifically for the condo-hotel market, and managers recognize the value," said Allen Rice, director of business development for CondotelWare. Several prospective clients at the HITEC show commented that, "CondotelWare has the only fully functional system with all of the critical features required for managing these properties."

About CondotelWare

CondotelWare, from the makers of TimeShareWare, is the first full-service system equipped to manage such properties. The Web-interfacing software is designed to improve operations and profitability -- with applications in owner accounting, reservations, property management, rental rotation, and owner relations.

For more information, call 801-444-3113 or visit http://www.CondotelWare.com.