FOR IMMEDIATE RELEASE November 1, 2006 For Further Information Contact: Becca Wilson Spherexx.com Press Release Services 1.866.491.7500   Spherexx.com joins the MITS data standard for the Multifamily Industry TULSA, Oklahoma, November 1, 2006 : Spherexx.com the innovator and leading provider of online marketing and leasing solutions for the multifamily housing industry announces today they’ve become a preferred member of the Multifamily Information and Transactions Standards (MITS) project. MITS is a shared data standard that was created by the largest apartment firms and software providers under the umbrella of the National Multi Housing Council (NMHC) and the National Apartment Association. After three years of collaboration, MITS has published seven standards that allow different software products to “talk to each other” and easily exchange data. Widespread adoption of MITS will ultimately revolutionize the way property management firms are able to integrate and maximize the potential of various software programs. The partnership with MITS allows for Spherexx.com to lower cost of capital, increase institutional confidence, improve transparency, enable 24/7 business models, and help their clients provide better service to residents and increase closing ratios on new prospective residents. In addition, Spherexx.com will be able to help offer more cost efficient and enhanced analysis, improve data quality and integrity, and automate manual data entry. Increasingly, apartment property management companies are investing in a variety of software applications that require a seamless form of communication with one another. MITS helps to provide that medium to relay information between third party vendors, residents, investors, agencies, suppliers, prospects. “Spherexx.com believes that the MITS Standard is beneficial for the industry as a whole and is committed to incorporating the standard across our portfolio. We understand that MITS helps to create a more efficient method for all management companies to integrate their software applications.” Becca Wilson, President Spherexx.com About MITS (Multifamily Information & Transactions Standards) MITS is an industry-wide effort by the apartment sector to develop common data standards and extensible mark-up language (XML) protocol to facilitate data and systems integration. The MITS standards are freely available as an industry resource. MITS is funded and sponsored by a broad group of industry firms and is supported by the National Multi Housing Council and national outreach partner the National Apartment Association. 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. © 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.