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Lease Harbor LLC Reaches 200 Company Milestone

March 30, 2005

CHICAGO, March 30, 2005 -- Lease Harbor LLC, the leading provider of hosted software services that address the needs of corporate real estate departments and their service providers, announced today that more than 200 companies have been added to the system since its first product release less than five years ago.

"We grew our client base the old-fashioned way, adding one client at a time," said Sean Black, President of Lease Harbor LLC. "While our competition has been distracted by acquisitions, the pursuit of investor funding and continuous changes in strategic direction, we have stayed the course and simply invested our time and energy on delivering the best system at the lowest cost."

Lease Harbor's rapid growth can be attributed to its solid business plan and consistency in quality and delivery. In addition to the company's original product, which was unveiled in December 2000, Lease Harbor LLC has since released Harbor Flex, which incorporates the original software's hallmark characteristics of being powerful, easy to implement and use, and well supported. Harbor Flex has an even stronger focus on finance-related features, including expense pro-rations and straight-line (GAAP) rent.

"We are a fundamentally different company than our competitors," said Black. The company continues to have no reliance on outside funding, and Lease Harbor's founders maintain direct, hands-on involvement in all facets of company operation. In addition, the company maintains the same low pricing level for its software service as when it released its original system.

"By reaching this milestone, we have validated our ability to grow," Black said. "Lease Harbor has been able to maintain its focus on industry-leading software engineering, and outstanding customer service, while continually adding to its client base."

About Lease Harbor

Lease Harbor LLC is an industry-leading Application Service Provider (ASP) providing state-of-the-art lease administration tools for corporate real estate departments worldwide. By using Lease Harbor LLC's web-based technology, corporate real estate users can easily and cost-effectively administer their lease and real property portfolios from any location via the Internet. Lease Harbor LLC currently serves over 200 companies with portfolio administration software needs, including Time Warner Inc., Kraft Foods, Whirlpool Corporation and service providers such as CB Richard Ellis, Grubb & Ellis and Staubach. For more information on Lease Harbor, please visit the company's website at www.leaseharbor.com.


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