Accu-Search, Inc. Receives $3.7 Million for Business and Technological Advances.

Business Editors

KEYPORT, NJ--(BUSINESS WIRE)--Oct. 23, 2000

Accu-Search, Inc., a leading provider of online property data for the real estate industry, today announced it has received second round financing of $2.7 million for business and technological advances. An additional $2.3 million is expected by investors for financing in the near future.

DVCRF Ventures and The Penn SE Mezzanine Fund provided first round financing of $1 million to Accu-Search earlier this year. The recently secured funding, provided by "angel" investors, will expand Accu-Search's data applications making it possible for Web-based realty transactions. It will also enable consumers to accelerate the home closing process more efficiently. The Company will move forward with its business plan and execute strategic acquisitions.

"Accu-Search is a company that is clearly capable of becoming a public entity in the near future," said Phil Davis, president of Accu-Search. "It is a unique combination of down-to-earth, traditional products and state of the art distributed databases that will consistently advance with progressing technology," he added.

About Accu-Search

Accu-Search, Inc, headquartered in Keyport, NJ, is a full-service provider of property data for the real estate industry, including mapping and flood information. Founded in 1991, Accu-Search utilizes the most innovative technologies to build an incredibly efficient customer service team. The Company is forging ahead into the new millennium with a stellar reputation for providing fast, accurate service. Accu-Search, Inc. - 21st Century Property Data(TM)

For investing inquiries or general information about Accu-Search, contact President Phil Davis at (800) 597-ACCU, or visit the company online at www.accusearch.com.

About DVCRF Ventures

DVCRF Ventures provides private equity and debt investments to urban enterprises with significant upscale growth potential. With over $80 million under management, the Fund also maintains active working relationships with regional schools and training centers for companies seeking entry and mid-level customer service, information technology and manufacturing employees. For more information, visit www.trfund.com or contact Joseph P. Killackey at [phone].

About PSE 

The Penn SE Mezzanine Fund is a leading late-stage mezzanine capital firm that provides growth capital to small and mid-sized companies. The Fund's investments range in size between $100,000 and $750,000. The Fund has made investments in several companies in Southeast Pennsylvania, New Jersey and Delaware including Pomco Graphic Arts, Aim Electronics, Aly-Wear, Boekel Industries, and Accu-Search. The firm prides itself in its unique approach to providing subordinated debt without taking equity or warrants. For more information on the Penn SE Mezzanine fund, please visit www.mezzfunds.com or contact Donald Tyson at [phone].