FOR IMMEDIATE RELEASE     For Additional information: (407) 660-0059 x135     Koriel Signs Joint Venture to Provide Great Plains Accounting Software Boca Raton, FL, January 1, 2003 - 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 FL to be its Great Plains partner, "SSY&H has an 11 year history of Microsoft Business Solution installation, training and support to firms of all sizes nation wide. We know our Rheo clients will enjoy the same "technology business partner" relationship with SSY&H 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 website: http://www.koriel.com # # #   [Back]