July 24,2002
SAN FRANCISCO--(BUSINESS WIRE)--July 24, 2002--Myers Internet,
Inc., a leading provider of Internet infrastructure to the mortgage
industry, announced today that it acquired Websuite, a leading
provider of web sites to Real Estate Agents. As a result of this
acquisition Myers now hosts approximately 1,000 agent sites.
"As a result of our ability to deliver robust, effective
technology, at a very affordable price, we have become the leading
provider of web sites, Internet leads and back office technology to
mortgage originators. Our goal is to leverage our technology offerings
in related markets," said Warren H. Myer, CEO of Myers Internet, Inc.
"Myers made a strategic decision to enter the real estate agent
web services market about a year ago. We evaluated all our options,
and concluded that acquiring Websuite made the most sense to expand
our presence in this space. Websuite's superior technology combined
with Myers' seasoned management and technology team will quickly
enable Myers to position itself as the leading player in the real
estate professional website services market."
"In addition," said Myer, "we have just launched AgentCenter, a
powerful backoffice for agents. AgentCenter will enable agents to
automate and streamline many of their day-to-day functions. For
example, AgentCenter enables an agent to post a new listing on their
web site and email a virtual listing flyer to agents and buyers with a
few mouse clicks. AgentCenter also features an e-Billboard that
enables agents to easily setup pages for their business partners.
Shortly, we expect to allow agents to be able to order settlement
services including appraisals, inspections, title and mortgages
through AgentCenter."
"In these difficult times Myers continues to thrive and prosper
and gain market share. This clearly validates our superior technology,
vision and operational expertise. The acquisition of Websuite is an
important milestone in our goal of being the leading technology
provider to the real estate industry," said Myer.
Myers Internet, Inc. is the leading provider of Internet
infrastructure to the mortgage industry. Myers' solutions allow for a
completely electronic transaction, connecting consumers with
originators and originators with lenders and service providers. Using
Myers' Webwiz technology, an originator can build a state-of-the-art
customized Web site in minutes. Myers' Originator Network enables
originators to shop rates, process loans and connect to lenders
electronically -- resulting in faster processing and reduced costs.
Myers' electronic community is comprised of 7,000 brokerage companies
with more than 30,000 originators. Its premier Web sites,
OriginatorNetwork.com, Websuite.com, BestRate.com and LoanApp.com are
among the best-known mortgage-related sites. For more information
visit www.websuite.com and www.myersinternet.com.
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