9keys.com Adds Capital Title Group to Its Alliance for Total Real Estate Service.Business Editors & Internet Internet Publicly accessible computer network connecting many smaller networks from around the world. It grew out of a U.S. Defense Department program called ARPANET (Advanced Research Projects Agency Network), established in 1969 with connections between computers at the Writers NEWPORT BEACH Newport Beach, residential and resort city (1990 pop. 66,643), Orange co., S Calif., on Newport Bay and the Pacific Ocean; inc. 1906. It is a popular seaside resort and yachting center. Manufactures include electrical and medical equipment, computers, boats, and adhesives. , Calif.--(BUSINESS WIRE)--June 9, 2000 The Home Services Group's Agreement with Title Insurance Provider Combines Equity Exchange with Strategic Alliance 9keys.com, the nation's premier network of on- and offline home services companies supporting home ownership and the home buying and selling process, has established a strategic alliance with Capital Title Group, the Phoenix-based title insurance agency. The agreement provides that both companies will obtain an equity investment in one another. "Capital Title Group sets a very high benchmark in the industry for processing real estate transactions. Its use of technology makes it a perfect fit for our vision of one-stop homebuying -- `The Complete Home Solution,'" said Stefan Swanepoel, president and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of 9keys.com. "We are looking forward to simplifying and integrating the transaction." 9keys, which will be expanding from its Southern California-based offline operations later this year, plans to add companies to its stable through acquisition or strategic alliances. Capital Title has competitively positioned itself by creating advanced technology systems that integrate title information available from multiple sources via electronic data exchange and making it available for various other functionalities. "Capital Title was attracted to 9keys for its vision in creating a new vehicle that has the ability to bring profound changes to our industry," commented Donald R. Head, chairman, president and chief executive officer of Capital Title Group. "9keys is one of the nation's best implementers of the one-stop-realty-shopping concept and is considered by many as the leader in simplifying the process when buying and selling real estate." "Each of our `keys' is positioned to share the 9keys vision. They strive to deliver services required to achieve home ownership faster and with less hassle Hassle () is a location in Närke, Sweden, where a Celtic treasure was found in 1936. It comprises a large bronze cauldron which contained two Bronze Age swords of the Hallstatt type, a pommel of bronze, two bronze buckets with ," remarked Swanepoel. "We intend to provide the homebuyer home·buy·er n. One who is in the process of buying a home. not only the convenience of Internet technology, but also the quality service, dependability dependability - software reliability and trust of well-known companies such as Coldwell Banker, General Mortgage and Capital Title." About 9keys.com 9keys is the parent company for various on- and offline real estate and financial companies with sales this year expected to exceed $2 billion. Online products include PropertyKeys, RemodelingKeys, MyHomeKeys and ConciergeKeys. 9keys has headquarters in Newport Beach. About Capital Title Group With headquarters in Phoenix, Capital Title Group Inc. (Nasdaq:CTGI CTGI Capital Title Group Inc ) is a regional title insurance agent for six title insurance companies and also offers real estate-related services for residential and commercial customers through its wholly owned agency network of entities, Capital Title Agency in the Arizona Arizona (âr'əzō`nə), state in the southwestern United States. It is bordered by Utah (N), New Mexico (E), Mexico (S), and, across the Colorado R., Nevada and California (W). marketplace and New Century Title Co. in California California (kăl'ĭfôr`nyə), most populous state in the United States, located in the Far West; bordered by Oregon (N), Nevada and, across the Colorado River, Arizona (E), Mexico (S), and the Pacific Ocean (W). . Capital Title uses its technological edge for express processing, exceeding established industry practices for real estate transactions. In addition, the company is developing e-commerce applications to better serve its realtor and mortgage lender customer base. Its Web site is www.newcenturytitle.com. |
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