New version of IOM Net released

Real Estate Weekly, April 16, 2003

CommercialArts Inc., the nation's leading producer of Investment Offering Memoranda (IOMs) for the commercial real estate industry, announced the release of its new version of I.O.M.Net (tm), a confidential, internet-based document distribution system for asset sales and financing. The announcement was made by Neil S. Krasner, chairman and CEO of CommercialArts.

CommercialArts clients who use I.O.M.Net include Holliday Fenoglio Fowler, Lehman Brothers, Rockwood Realty Associates, Granite Partners, Aegis Realty Consultants and many other commercial real estate corporations.

Krasner said, "I.O.M.Net Version 2 proves that when it comes to an Internet platform for asset sales and financing, the investment sales community relies upon the time-proven method of presenting offering memoranda in the classic 'reads like a book' format. We have kept that format and made it instantaneously accessible worldwide via private, password-protected networks.

According to Krasner, the company's own efficiencies have been refined since I.O.M.Net was introduced in 1999, and CommercialArts is passing these cost savings through to its clients with the introduction Version 2.

I.O.M.Net expedites the asset sales and financing process by providing seamless access to all of the necessary information. Entire IOMs or "books" are placed online for review within 14-24 hours of client sign off, often days ahead of the printed version. Once posted on a secure network that is accessible only to interested and approved parties, users may download live financial data, print copies, link to other sites of interest, have access to up to the minute revisions and much more.

Once a list of bidders has been identified, a virtual due diligence room is created to save the time and expense of having only one copy of due diligence materials stored in one place.