RESoft Announces an Alliance with Oracle

RESoft Incorporated, a real estate technology company, announced an alliance with Oracle Corp. As a result of this partnership, RESoft's entire product line will be delivered on the Oracle8i platform, one of the world's most popular databases for Internet computing. This data warehousing system will enable RESoft clients--property owners and managers--to efficiently access property and financial information online.

"We are excited to partner with Oracle to bring leading online data warehousing capabilities to our clients," said Mary Henschel of RESoft. "The Oracle8i platform allows our online suite of solutions to easily integrate with other products our clients may be using and it gives us the opportunity for greater scalability."

"Our alliance with Oracle is part of our vision to have multiple partners who will work with us to bring the best-of-class resources to our clients. We will continue to seek out other leading companies to become part of our affiliate group," said Odeh Muhawesh of RESoft.

RESoft is currently developing a full line of software products for the real estate market. In April, the company launched the beta version of RERFP.com, an online vendor bidding and auction service for the real estate market. RESoft plans to introduce several new products in the coming weeks.

About Oracle Corp

Oracle Corp is a world leading supplier of software for information management and the world's second largest independent software company. With annual revenue of more than $9.7 billion, the company offers its database, tools and application products, along with related consulting, education, and support services, in more than 145 countries around the world.

About RESoft Incorporated

RESoft Incorporated is the technology division of Stonehaven, a Minneapolis basedreal estate and technology company. Stonehaven acquired RESoft, an Internet consulting and Web development firm, in February 2000 to capitalize on the growing online real estate services sector. RESoft was formerly known as NETLink International.

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