FOR IMMEDIATE RELEASE October 18, 2006 For Further Information Contact: Becca Wilson Spherexx.com Press Release Services 1.866.491.7500   Spherexx.com Partners with PropertyBridge to Provide Powerful Automated Payment Solutions to the Multifamily Industry TULSA, Oklahoma, October 16, 2006: Spherexx.com, the innovator and leading provider of online marketing and leasing solutions for the multifamily housing industry, today announced a partnership with PropertyBridge, the leading payment services provider in the multifamily housing industry. The partnership allows Spherexx.com to extend its property-management focused website development solutions to include online automated payment options. Increasingly, property management firms are investing in corporate and apartment websites to provide a more convenient and interactive experience for potential and current residents. Spherexx.com offers a family of online interactive tools including floor plans, maps, brochures, touch-screen leasing kiosks, and site plans. “By integrating PropertyBridge into our website functionality we are able to deliver time-saving solutions to today's apartment shopper. We believe that the PropertyBridge Payments Platform is an outstanding solution from a provider that has quickly emerged as the leading mover in the payments space. They are a logical partner for Spherexx as we extend our influence,” said Becca Wilson, President of Spherexx.com. The partnership will provide Spherexx property management clients with transactional websites on which prospective renters can view general information about a community, and pay rental fees. This includes features that will allow residents to reserve and conduct an instant credit pre-screening for the apartment of their choice online. "Our philosophy has always been to add value to all parties in the payments chain. This partnership allows us to add real value to the sites developed by Spherexx" said Chris Burford, Director of Business Development, PropertyBridge. “By enhancing payments for both property managers and residents we are confident that our agreement with Spherexx will provide a significant competitive edge.” About Spherexx.com Spherexx.com ( www.spherexx.com ) is a full-service marketing & technology firm offering a wide selection of professional services including website development, leasing kiosks, marketing material design, application hosting services, database solutions, property management software integration, web based applications, e-commerce solutions and custom programming. Contact Becca Wilson President 866-491-7500 bwilson@spherexx.com About PropertyBridge, Inc. PropertyBridge ( www.propertybridge.com ) is the leading provider of automated payment processing services to real estate owners and managers. The PropertyBridge Payments Platform enables residents to pay rent and other lease-related transactions using an array of payment types, including credit and debit cards, Automated Clearing House (ACH), check scanning (Check 21/ARC), online bank bill payment, person-to-person payment and lockbox services. PropertyBridge provides management firms with a previously unattainable level of integration and administrative efficiency in key areas of their business. The company collaborates extensively with financial services leaders including Visa USA, MasterCard, Discover Financial Services, American Express, Wells Fargo Bank and First National Bank of Omaha. Contact Peter Mansfield Vice President of Marketing pmansfield@propertybridge.com © 2006 Spherexx.com. All rights reserved. Some of the product names mentioned herein are for identification purposes and may be trademarks or registered trademarks of their respective companies.