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Lease Harbor LLC Reaches 350 Company Milestone

November 1, 2007

CHICAGO, November 1, 2007 -- Lease Harbor LLC, an industry-leading provider of hosted software services that address the needs of corporate real estate departments and their service providers, announced today that more than three hundred fifty (350) companies and government agencies are currently using its online software for the administration of their lease and real property portfolios.

"We continue to grow our business the old-fashioned way, adding one client at a time," said Blake Harbaugh, Chief Operating Officer of Lease Harbor. "In addition to a steady stream of new clients, existing client relationships have expanded beyond the scope of real property administration due to the flexibility of our system. As the lease administration software industry matures, our new client growth is increasingly comprised of companies selecting Harbor Flex as a replacement for a competing system, as well as those selecting an initial solution for their software needs."

Lease Harbor has achieved its growth by consistently and cost-effectively anticipating and meeting the needs of the marketplace. Ease of use, seamless implementations, and low costs remain the primary differentiators of Lease Harbor’s software service regardless of whether or not clients elect to utilize advanced features of Harbor Flex such as straight-line rent, prepaid rent accounting, payment functionality with accounts payable and general ledger system integration, user-initiated uploads of sales, and web services capabilities.

"We remain a fundamentally different company than our competitors," said Harbaugh. The company continues to have no reliance on outside funding and Lease Harbor’s founders maintain direct, hands-on involvement in all facets of the company’s operations. In addition, the company maintains the same low pricing for its software service as when it released its original system in 2000.

"In March 2005 Lease Harbor announced that there were two hundred (200) companies using its software service," Harbaugh said. “We feel a great sense of validation that our focus on quality software engineering, customer service, and a consistent pricing methodology has generated a 75% percent increase in client portfolios in just two years.”

About Lease Harbor

Lease Harbor LLC is an industry-leading Application Service Provider providing state-of-the-art lease administration tools for corporate real estate departments worldwide. Lease Harbor LLC currently serves over 350 companies and government agencies with portfolio administration software needs. For more information and to see what these companies are saying about Lease Harbor LLC’s software service, please visit the company's Web site at www.leaseharbor.com.


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