RE3W World Wide Limited (www.RE3W.com), the independent software developer of the Internet-based RE3W commercial real estate application, announced today that it has received an additional $1 million in investment funding from The First American Corporation (NYSE: FAF), the nation's largest data provider and a premier service provider to the commercial real estate industry. The cash investment will enable RE3W to further develop and market its revolutionary commercial real estate technology, which integrates Internet functionality with Microsoft Web services to reduce the time and expense for those participating in commercial real estate transactions.
First American has served as a principal investor in RE3W since the company's establishment in 2000, providing an initial investment of $1 million to help RE3W founder and industry veteran Richard "Dick" Frost bring his idea to life.
"Unlike traditional Internet companies, we didn't seek venture capital as a source of seed money," recalled Frost.
"Instead, we went back to those with whom we had originally consulted, the leaders in the commercial real estate community, and asked that they participate financially.
Their backing then, and continued support today, demonstrates that RE3W is on the right track."
"First American is pleased to continue its investment in this breakthrough company," said Parker S. Kennedy, chairman and chief executive officer of The First American Corporation. "Our second investment in RE3W is consistent with our commitment to constant innovation and to helping make the best possible products available for our clients."RE3W recently announced the beta launch of RE3W Version 1.0, which focuses on the origination portion of the commercial real estate transaction process.
Several commercial real estate professionals are currently testing the application.
RE3W expects to have more than 5,500 subscribers using the application by mid-2005."Long-term, we're providing participants with the tools and information necessary to originate, negotiate and conclude each transaction," Frost said.
"Using proprietary search, storage and file sharing technology, we're reducing commercial real estate sales transaction times from months to days."
About RE3W Founded in 2000, RE3W (www.re3w.com), is an Internet-based, commercial real estate application that uses proprietary search technology to seamlessly integrate the transaction process (origination, negotiation and closing) into a secure, digital file allowing subscribers to monitor deal flow, while communicating and sharing selected data with clients, staff, service providers and investors.About First AmericanThe First American Corporation (NYSE: FAF), is a Fortune 500 company that traces its history to 1889. As the nation's largest data provider, the company supplies businesses and consumers with information resources in connection with the major economic events of people's lives, such as getting a job; renting an apartment; buying a car, house, boat or airplane; securing a mortgage; opening or buying a business; and planning for retirement. The First American Family of Companies, many of which command leading market share positions in their respective industries, operate within six primary business segments including: Title Insurance and Services, Specialty Insurance, Mortgage Information, Property Information, Credit Information and Screening Information. With revenues of $6.21 billion in 2003, First American has 30,000 employees in approximately 1,800 offices throughout the United States and abroad. More information about the company and an archive of its press releases can be found at www.firstam.com..
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Hank Bochenski's story proves it is never too late to walk away from a life you feel trapped in and do something that you really love. Hank spent 30 years in demanding senior positions at large high-tech companies. By the time he went home each day, he felt like all the blood had been drained out of him. Hank's real passion was his collection of more than 1,000 movies. He had recently spent hours converting the collection from VHS to DVD, a process he enjoyed.
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I haven't seen much buzz about Google's new Adsense (and Firefox)
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Not bad eh?
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Group plans can be broadly classified under small employer plans and large employer group plans. Texas government has made some provisions for the small employer group plans in that they do have to have to cover state mandated benefits that are to be covered by the large employer companies.
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Copyright 2006 David Maillie
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Commercial Real Estate ISV RE3W Secures Additional Funding from the First American Corporation Dr. Ronald Feinman Joins the Atlanta Center for Cosmetic Dentistry
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Commercial Real Estate ISV RE3W Secures Additional Funding from the First American Corporation depression