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Strategies & Market Trends : JCI Technologies Inc.

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To: gar peter who wrote (43)6/12/1998 9:05:00 AM
From: Mephistopheles  Read Replies (1) of 88
 
Adds More Real Estate Boards to Web Site

Mr. Geoff Edmunds, President & CEO of JCI Technologies Inc. announced that two new real estate boards in Ontario have now been added to the MLS(R) Online(TM) real estate site that JCI operates under contract with the Canadian Real Estate Association.

This brings to 51 the total number of boards on the site with five more boards in Ontario, Quebec and Alberta slated for connection to the site shortly.

The addition of these two boards adds a further 2,000 listings to the already existing 270,000 listings accessible on the site, servicing over 33,000 agents and 4,000 real estate offices, making it the largest real estate web site in Canada and one of the largest in the world.

MLS(R) Online(TM) receives in excess of 16,000,000 'hits' per month, and advertising on the site has increased with every major Canadian bank now participating on the site under monthly contract.

The addition of these Boards will enhance the content value to the joint venture agreement entered into with Real Logic Inc., a private software and Internet technology company, announced on May 14th, 1998. Under this alliance, JCI and Real Logic will incorporate state-of-the-art technologies and sophisticated information systems with the intent of creating the most advanced Real Estate information system in North America.

The Company expects that these additional Boards and property listings over the coming months will further enhance the value of the site as an advertising medium with increasing revenue growth along with additional income streams from home page sales and linkage fees to sold to real estate professionals.

The MLS(R) Online(TM) web site can be reached at: www.mls.ca TEL: (250) 881-8104

Mr. Geoff Edmunds, President & CEO

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