FOR IMMEDIATE RELEASE

Koriel Signs Joint Venture to Provide Great Plains Accounting Software

January 1, 2003
BOCA RATON, FL -- Koriel REP, Inc., the leading provider of Enterprise Class solutions for the real estate industry, today announced that it has signed a joint venture agreement to provide the Microsoft® Great Plains® accounting software to users of its web based property management system, Rheo®.

"The Great Plains product is a perfect fit to integrate with a state of the art system like Rheo," said Koriel CEO Chris Maners. "Customers that are leaving their old DOS or Windows based systems that use a bundled GL need an upgrade that is full featured, well supported and affordable. Great Plains is just such a best-in-breed product that, like Rheo, can be either client hosted or used via ASP," Maners said. Koriel has created the application program interface (API) between Rheo and Great Plains that provides customers with a seamless, automatic exchange of data between the two systems.

Following an extensive review of products and suppliers, Koriel selected Stanley Stuart Yoffee & Hendrix, Inc. of Orlando to be its Great Plains partner."SSYH has an 11 year history of Microsoft Business Solutions installations, training and support to firms of all sizes nationwide. We know our Rheo clients will enjoy the same technology business partner relationship with SSYH that they count on from Koriel," Maners said.

Koriel has served the real estate industry since 1985. Rheo is the first software system designed specifically for the property management industry that uses the Internet to provide an enterprise-wide solution. Rheo is available in either client hosted or Koriel hosted versions.

For more information on Koriel REP, Inc, please visit their websiteat http://www.koriel.com.

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For additional information, please contact:
Jon Buschlen, Marketing Manager
(407) 660-0059 x135
info@ssyh.com