Integrated Asset Services LLC and IntelliReal partner to deliver revolutionary collateral valuation solutions.

Successful loan servicing company combines its industry and services expertise with leading-edge technology company to set a new standard for collateral management solutions.

DENVER, CO, June 13, 2006 Integrated Asset Services (IAS), a Denver, Colorado-based corporation and IntelliReal, a privately-held Colorado company today jointly announced the signing of a Strategic Partnership Agreement. IntelliReal's collateral valuation technology provides a platform for IAS to deliver automated, intelligent and in-depth risk management valuation solutions that will help their customers reduce exposure while expediting the asset management process. IAS will begin selecting beta clients for IntelliReal collateral valuation services beginning June 2006 with a full market rollout scheduled for mid-August 2006.

IntelliReal offers groundbreaking valuation technology applying more than 100,000 competing models to 70,000 micro-segment markets within the US.  Each model includes more than 400 unique dimensions including tax assessor, geo-spatial, demographic, social, and economic data interpreting unique market conditions that affect value. The results are measured with statistical rigor locating the single best performing model to complete the valuation and comprehensive intelligent property report. Later releases will be enhanced to monitor and report on high-risk activities including flip indicators, foreclosures, and market conditions. An intuitive interface allows users to drill-down for greater detail and intelligence, and to quickly configure the rules-based system integrating their unique collateral risk policies. 

"Through our three principals' 65 years of combined default servicing experience, IAS understands the market's demand for greater accuracy and more sophisticated valuation management services," said David McCarthy, President and CEO for IAS. "In our search for valuation technology, IntelliReal quickly emerged as the leader delivering accuracy and intelligence beyond anything we experienced from other providers," he continued.  "We're excited to be the service provider who will effectively "raise the bar" for the entire industry delivering reduced cycle times while minimizing our client's risks and liabilities," he concluded.

"Our industry is demanding valuation accountability, transparency and above all, accuracy," said Ric Miles, CEO for IntelliReal.  "IAS, well-known throughout the industry for their exceptional service, is an ideal partner to deliver IntelliReal valuation technology to the market. Their strong service commitment, combined with IntelliReal's rich intelligence and accurate values, offers the market a significant advantage over traditional AVMs.  Together, we will deliver unparalleled collateral valuation solutions with statistically-grounded confidence scores and quantified risk," he continued.

IAS will integrate IntelliReal technology into its full range of asset management services and broaden their valuation offerings. Their flexible automated order system will accept properties individually or in batches via Web Services in formats including Excel, standard file format, and Web entry.  Properties that do not meet user-configurable confidence and explicit risk thresholds can be passed along to the BPO process for additional assessment.  Each BPO result is quality inspected by IAS and when further value reconciliation is required, receives hands-on attention. The automated system is enhanced through IAS quality controls every step of the way. 

About Integrated Asset Services LLC.

IAS is a privately-held Colorado-based corporation specializing in valuation, management and marketing of institutionally-owned real estate. The Company provides all of the services for valuation, inventory management, vendor management and disposition. Its national Broker, contractor and appraiser networks consist of insured, licensed, experienced and proven professionals who specialize in the marketing and management of REO properties. The company's standards of service are based on substantive technology, speed, accountability and a complete commitment to excellence. For more information, visit the company's Web site at www.iasreo.com.

About IntelliReal

IntelliReal is a privately-held Colorado company raising the standard of excellence by providing real estate intelligence and valuation solutions to more demanding and sophisticated clients. The Company offers a suite of product solutions that are delivered through a standard Web-browser. These solutions address the need for fast accurate automated valuations (AVMs), Realtor® provided BPOs and CMA's, appraiser-assisted valuations and customized real estate investor intelligence. The Company's solutions are built for firms involved in real estate transactions; Brokers, lenders, mortgage service companies, underwriters, property insurers, quality control personnel, portfolio managers and Wall Street professionals. For more information, visit the company's Web site at www.intellireal.com.