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MISHAWAKA, IND. – November 25, 2008 – Data-Vision, Inc., a leading pioneer in Internet lending technologies that enable mortgage leaders to quickly and affordably implement web portal and e-lending capabilities, announced today that it has signed a non-binding letter of intent to purchase all or substantially all of the operating assets of Netupdate Inc., a developer of leading technologies for mortgage lenders and wholly owned subsidiary of Most Home Corp (OTCBB: MHME),a national provider of online customer service solutions for the mortgage and real estate industries.
The acquisition of Netupdate www.netupdate.com will strategically advance the accessibility and quality of world-class integrated Internet lending technologies for financial services institutions. Because these solutions significantly streamline the online lending and secure document delivery processes for financial institutions, utilizing them is becoming an organizational necessity.
The company’s offerings deliver comprehensive suites of web portal and e-lending solutions to market, complete with leading-edge capabilities including online origination, point-of-sale, lead capture, instant decisioning, product selection, initial disclosures, and secure electronic document delivery to provide immediate returns for lenders.
“This acquisition is a strategic move to strengthen our market position and provide our customers and partners even greater value,” said Data-Vision www.d-vision.com President Randy Schmidt. “The synergies between the two organizations will enable us to rapidly advance web portal and e-lending within the financial services industry. We share in the unified goal of delivering exceptional customer service to every financial institution while streamlining the online lending and electronic delivery process to drive down costs.”
“Most Home is very pleased to have its Netupdate operations acquired by Data-Vision, stated Ken Galpin, CEO of Most Home Corp. As a market leader, Data-Vision has a strong reputation for customer support and satisfaction. The economic climate has changed significantly since Most Home acquired Netupdate and it is imperative that we respond effectively to these realities. We are confident that Data-Vision is positioned to deliver even stronger value to the Netupdate customers as we focus our attention on the wireless side of our business for the real estate industry.”
Together the companies serve more than 350 customers in the financial services industries. The company plans to further expand its footprint within financial services.
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About Data-Vision
Data-Vision, Inc., founded in 1993 and based in Mishawaka, Ind., offers The Path To e-Lending through a comprehensive suite of on-line services that are efficient, secure and easy-to-use. Data-Vision enables mortgage lenders to quickly and affordably bring e-lending solutions to market, complete with leading-edge capabilities including on-line originations, instant decisioning, electronic document delivery and more.
Data-Vision’s solutions provide the ultimate in flexibility, maximized ROI and advanced on-line functionality. Our on-line services can be customized to meet each lender’s unique requirements, specific lending channels and brand image. For more information about Data-Vision visit www.d-vision.com, or contact the company’s sales department at 888.925.8625.
About Netupdate, Inc.
Based in Bellevue, Washington, Netupdate, Inc., a developer of lending technologies, offers Originator Pro, an integrated, online point-of-sale system for retail and wholesale lenders who want to increase business from the Internet. Netupdate’s Software as a Solution allows mortgage professionals to work together online to collect borrower information, provide regular communication and status updates, and to move loan data to loan origination systems, significantly reducing the time, cost and complexity of these financial transactions. For more information on Netupdate visit the company’s Web site at www.netupdate.com.
About Most Home Real Estate Services
Most Home Corp., through its wholly owned subsidiaries, Most Home Real Estate Services Inc. and Netupdate Inc. provides leading real estate and mortgage organizations with online customer service solutions that enable more extensive and profitable business relationships between real estate and lending professionals and their clients. Since 2001, Most Home has processed more than 3,000,000 Web, LiveChat, and toll-free phone inquiries. We work on behalf of our clients to identify more buyer and seller prospects, enhance the consumer experience with their brand, and maximize their online marketing investment. Most Home Corp. is remunerated for its services through software licensing fees, lead management fees and real estate referrals.
For more information, please visit www.mosthome.com.
Certain information and statements included in this news release constitute "forward-looking" statements within the meaning of the Federal Private Securities Litigation Reform Act of 1995. Such forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the results, performance, or achievements of the Company to be materially different from any future results, performance, or achievements expressed or implied in such forward-looking statements.
To the extent that statements made hereof are not strictly historical, including statements as to revenue projections, business strategy, outlook, objectives, future milestones, plans, intentions, goals, future financial conditions, future agreements, the success of the Company's development, events conditioned on stockholder or other approval, or otherwise as to future events, such statements are forward-looking. All forward-looking statements, whether written or oral, and whether made by or on behalf of the Company, are expressly qualified by the cautionary statements and any other cautionary statements which may accompany the forward-looking statements, and are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. The forward-looking statements made in this press release are subject to certain risks and uncertainties that could cause actual results to differ materially from the statements made. Other important factors that could cause actual results to differ materially include the following: business conditions and the amount of growth in the Company's industry and general economy; competitive factors; ability to attract and retain personnel; the price of the Company's stock; and the risk factors set forth from time to time in the Company's SEC reports, including but not limited to its annual report on Form 10-KSB; its quarterly reports on Forms 10-QSB; and any reports on Form 8-K. In addition, the company disclaims any obligation to update or correct any forward-looking statements to reflect events or circumstances after the date hereof.
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