COMPS.COM Releases COMPSCapital.Business Editors SAN DIEGO--(BUSINESS WIRE)--Feb. 4, 2000 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. Inc. (Nasdaq:CDOT CDOT Colorado Department Of Transportation CDOT Chicago Department of Transportation (Illinois) CDOT California Department of Transportation CDOT Connecticut Department of Transportation ), a leading national commercial real estate information provider, has released COMPSCapital, a lender referral service designed to streamline the process of locating financing for commercial property. Among the various lenders participating on the service are Heller Financial, LaSalle Bank LaSalle Bank Corporation is the holding company for LaSalle Bank N.A. and LaSalle Bank Midwest N.A. With $116 billion in assets, it is headquartered at 135 South LaSalle Street in Chicago, Illinois. , and Washington Mutual “WaMu” redirects here. For the Washington, DC radio station, see WAMU. Washington Mutual (or WaMu; NYSE: WM) is the United States' largest savings and loan association. . Using COMPSCapital, borrowers or their agents can save time by using an e-commerce platform to access an accurate and comprehensive database of lenders. COMPSCapital provides real-time access to the lenders' current loan programs and pricing guidelines guidelines, n.pl a set of standards, criteria, or specifications to be used or followed in the performance of certain tasks. . Competitive pricing and greater loan proceeds are two of the many benefits to this method of searching for financing. COMPSCapital allows borrowers or their agents to quickly search for loan programs that match specific requirements, compare and select the best available programs, and then submit a loan request -- all in an easy-to-use online environment. The service also benefits lenders who receive only those requests which meet their current lending criteria and can easily qualify loan requests as they are submitted. Loan requests are submitted using a uniform, easy-to-use electronic form so loan processing and response time are dramatically reduced compared to conventional methods. Because the service ties into the COMPS.COM listing service and sale notification service, COMPSCapital also provides lenders with a channel of new loan opportunities. COMPSCapital combines the strength of COMPS.COM's extensive database of property information with its Internet technology to deliver an efficient and effective transaction link between borrowers or their agents and active lenders. COMPS has entered into a merger agreement with CoStar Group CoStar Group, Inc. (NASDAQ: CSGP) is a leading provider of information services to commercial real estate professionals in the United States and the United Kingdom. CoStar's suite of services offers customers access via the Internet to the most comprehensive database of Inc. Following the closing of the merger, which is currently scheduled to occur on Feb. 10, 2000, COMPSCapital will offer the lending community access to CoStar's and COMPS' combined databases and participating user community, supported by more than 700 professional researchers and lenders who will be able to market &uot;soft quotes&uot; on CoStar's for-sale properties. Some of the information in this press 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. We wish to caution you that these statements are only predictions and that actual events or results may differ materially. We refer you 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 Form 10-Qs Form 10-Q See 10-Q. and Form 8-Ks Form 8-K The form required by the SEC when a publicly held company incurs any event that might affect its financial situation or the share value of its stock. Form 8-K See 8-K. filed subsequently. These documents contain and identify important factors that could cause the actual results to differ materially from those contained in our projections or forward-looking statements, including, among others, uncertainty of achieving profitability, little history offering our products over the Internet, ability to timely introduce new services and products, need to continue to develop and offer new products, fluctuations in our quarterly results, volatility of stock price, and future growth subject to risks. We undertake no obligation to update the statements made in this press release as the facts change. COMPSCapital is the latest example of the company's ongoing commitment to provide the real estate industry with the most accurate and comprehensive information and e-commerce services. Pricing and additional information on COMPSCapital can be obtained by calling 800/821-1573 or viewing the COMPS.COM Web site: www.comps.com and clicking on &uot;Property Financing.&uot; |
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