Printer Friendly
The Free Library
19,595,263 articles and books
Member login
User name  
Password 
 
Join us Forgot password?

COMPS.COM Links Its Integrated Internet Applications to the California and Hawaii Network of More Than 5,500 RE/MAX Sales Associates.


SAN DIEGO--(BUSINESS WIRE)--Aug. 10, 1999--

New Alliance Provides Key Tools for Marketing Commercial Properties

COMPS Comps

Another term for "same store sales," which helps investors determine how well a company's brand is doing and how the stores are increasing revenue.

Notes:
For example, you might hear that Wal-Mart's comps increased 9% last quarter.
.COM (1) (Computer Output Microfilm) Creating microfilm or microfiche from the computer. A COM machine receives print-image output from the computer either online or via tape or disk and creates a film image of each page.  (NASDAQ NASDAQ
 in full National Association of Securities Dealers Automated Quotations

U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on
:CDOT CDOT Colorado Department Of Transportation
CDOT Chicago Department of Transportation (Illinois)
CDOT California Department of Transportation
CDOT Connecticut Department of Transportation
), a leading commercial real estate information service, Tuesday announced a new multi-year agreement with RE/MAX RE/MAX Real Estate Maximums (Canada)  of California & Hawaii Inc., a leading real estate franchiser with more than 240 offices and 5,500 sales associates.

COMPS will provide RE/MAX sales associates with Internet access See how to access the Internet.  to its extensive, proprietary database of valuation support information and to its commercial listing and private broadcast/buyer matching service.

"By entering into this alliance, RE/MAX is clearly demonstrating its commitment to the Internet, utilizing our integrated Internet information platforms. We look forward to helping RE/MAX exploit technology by providing information solutions for their associates," said Wally wally
Noun

pl -lies Brit slang a stupid or foolish person [from the name Walter]

Noun 1.
 Papciak, executive vice president of Sales, Marketing and New Product Development.

"We expect substantial value for our participating sales associates by combining COMPS' valuation support tools with the Internet marketing See Internet advertising.  platform of COMPS DealPoint," said Dick Purvis, regional director of RE/MAX of California & Hawaii.

"Our investment in COMPS' Internet services will allow our sales associates to register individually at a favorable rate with access being accomplished by a seamless link through our intranet," he said. "In addition, this relationship is a key element in the expansion of the RE/MAX Commercial Division."

Through Spectrum, COMPS.COM's Internet-based warehousing platform, participating sales associates gain access to a database that includes confirmed commercial real estate sales transactions across nine major property types in 40 major metropolitan markets representing 103 counties and 45 of the top 100 cities in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. . In California, COMPS currently publishes thousands of confirmed sales transactions in 11 MSAs and 24 counties per year.

Users will have 24-hour, 7-day-a-week access to current and future sale transaction information as well as access to historical information. Papciak said that RE/MAX projects several hundred sales associates will use Spectrum and COMPS' DealPoint, a commercial listing service, providing maximum exposure for active commercial real estate sale listings to anywhere in the United States.

About COMPS.COM

COMPS.COM is a national provider of comprehensive commercial real estate sales information and services both offline and on the Internet. Over the last 17 years, the Years, The

the seven decades of Eleanor Pargiter’s life. [Br. Lit.: Benét, 1109]

See : Time
 company has developed a highly evolved data collection and confirmation system to provide information on commercial real estate properties. This information is verified by the company's researchers and includes sale prices, income and expenses, capitalization rates Capitalization Rate

According to the Appraisal Institute, it is a method used to convert an estimate of a single year's income expectancy into an indication of value in one direct step, by dividing the income estimate by an appropriate rate.
, loan data, property photographs, buyers, sellers, brokers and other key details.

About RE/MAX

The RE/MAX franchise network is a global system of 3,200 independently owned and operated offices in 32 countries engaging 55,000 sales associates who lead the industry in professional designations, experience and production while providing real estate services in residential, commercial, referral, relocation and asset management. In the states of California and Hawaii, RE/MAX has more than 5,500 sales associates in nearly 250 offices. In 1998, RE/MAX sales associates in California and Hawaii closed more than 80,000 transaction sides representing over $18 billion in volume.

Visit the COMPS.COM Web site at www.comps.com for additional information about the company, its products and services.

Some of the information in this news release may contain projections or other forward-looking statements forward-looking statement

A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections.
 regarding future events or the future financial performance of the company. The company wishes to caution readers that these statements are only predictions and that actual events or results may differ materially. The company refers readers to the documents the company files from time to time with the Securities and Exchange Commission, specifically the company's most recent Registration Statement on Form S-1 and subsequent Form 10Qs. These documents contain and identify important factors that could cause the actual results to differ materially from those contained in the company's projections or forward-looking statements, including, among others, ability to achieve geographic expansion, uncertainty of achieving profitability, little history offering the company's products over the Internet, need to continue to develop and offer new products, fluctuations in the company's quarterly results, volatility of stock price, and future growth subject to risks. The company undertakes no obligation to update the statements made in this news release as the facts change.
COPYRIGHT 1999 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1999, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

 Reader Opinion

Title:

Comment:



 

Article Details
Printer friendly Cite/link Email Feedback
Publication:Business Wire
Date:Aug 10, 1999
Words:700
Previous Article:Fingermatrix Acquires Exclusive Distribution Rights for GIL Security Systems.
Next Article:M&A West, Inc. Acquires Assets of Internet Marketing Associates, Inc.



Related Articles
Managing Workers' Comp.
OLSON JOINS RE/MAX NETWORK HIGH-TECH LINKS THE ATTRACTION.
RE/MAX juggernaut rolling into New York.
Access to forms now available in a Zip.

Terms of use | Copyright © 2012 Farlex, Inc. | Feedback | For webmasters | Submit articles