Homes.com Completes Automation Quest Acquisition

Market Wire, 20050229

Homes.com, the leading provider of integrated web technologies enabling the real estate industry, today announced that it has completed its acquisition of Automation Quest, Salt Lake City, Utah, the leading provider of turnkey automation solutions for the real estate industry. By integrating Automation Quest's automation tools, Homes.com trains real estate professionals to use Internet-based marketing and productivity solutions to increase their client leads. Now, through Homes.com, Web-enabled real estate agents will offer enhanced services, including mortgage and relocation services, to consumers directly through the real estate agent's customized Web site.

The Automation Quest division of Homes.com is the real estate industry's leading provider of automated solutions for agent productivity. Its Total Automation Solution suite of products features personal agent coaching and training to enable real estate agents to use technology tools, including notebook computers, digital cameras, and agent productivity software. These technology tools enhance agents' productivity by saving valuable time, enabling them to close more transactions and increase their income.

"At Homes.com, we recognize that agents not only need technology tools, but they also need the training and support to substantially increase their productivity," said Bob Prince, chairman and chief executive officer of Homes.com. "Integrating Automation Quest's hardware, software and training solution with our proprietary web-based technology enables us to provide real estate professionals with the complete package: the people, tools and technology to help enable real estate professionals in today's internet marketplace."

Automation Quest has sold its Total Automation Solution package of hardware, software and personalized agent coaching to thousands of agents nationwide. "Homes.com was a perfect fit for us," said Brent D. Gray, chairman and chief executive officer of Automation Quest. "Our core focuses are highly complementary. By combining Homes.com's proprietary web technologies with our suite of automation tools for increasing agent productivity, we will truly be able to offer the agent the finest suite of technology related solutions available in the world."

ABOUT HOMES.COM

Homes.com, Inc. is the premier Internet business solution provider enabling the real estate industry. The company provides a nexus for the entire real estate industry through offering an integrated set of market-making solutions designed to support next-generation real estate transactions online. These solutions coupled with Homes.com's network of industry professionals create the only online marketplace for real estate. By providing a nexus for the entire real estate industry to conduct transactions from the desktop, Homes.com is the clear leader in integrated market solutions for the real estate industry. Homes.com's proprietary technology will allow over 85,000 real estate industry professionals in its network to initiate, manage, and close real estate transactions online. The company derives its consumer base from a real estate and home ownership web center at www.homes.com, and delivers these qualified consumers to its network of web-enabled industry professionals. At www.homes.com, users benefit from a single resource of information and content with an integrated and highly personalized experience. From home buying and home selling, to mortgages, relocation and home improvement, homes.com provides advanced personalization tools to enable users with virtually any home-related resource.