Garland Chamber of Commerce and Economic Development Partnership Use Web Real Estate, Inc. to Help Attract New Businesses.

Business Editors

ADDISON, Texas--(BUSINESS WIRE)--Sept. 5, 2001

Web Real Estate, Inc. ("WRE") today announced the formation of an exclusive Strategic Relationship with the Garland Chamber of Commerce and the Garland Economic Development Partnership (collectively the "GCC") to help attract new businesses to the Garland area.

The core of the relationship is the WRE website and database that was originally designed to be an effective marketing tool for commercial property owners, brokers, and managers.

Recently WRE has undergone a re-engineering of its website and database allowing for the integration of both Company and Personnel information with the already existing Property database. "Our new suite of inter-related databases allow more efficient intelligence to be gathered and managed relative to both commercial properties as well as the companies and people responsible for commercial properties." says Lee Thurburn, Web Real Estate, Inc. CEO. "With the new functionalities we have developed we have increased our effectiveness as a property marketing tool and added the ability to focus our marketing efforts on specific Companies and Individuals who may have an interest in leasing or purchasing property that is available. The integration of commercial property information with local company and related personnel information allows us to be very effective in targeting the market with communications. It is this sophisticated ability that drives our strategic relationship with the GCC."

"The GCC is committed to providing the highest quality services to our membership and our community. As such, our relationship with WRE is just one more tool we have available to provide such service," stated Greg Sims, Vice President of the GCC. "WRE has developed an innovative suite of services which will allow the GCC to wield a powerful marketing service. WRE will not only provide the GCC with access to the information collected but will mirror all Garland properties from their database onto the GCC website. We will use the mirrored information when talking to prospective businesses interested in locating in Garland."

As part of the relationship the GCC will assist WRE in collecting information about both commercial properties and businesses in Garland. The information collected will be available to both the commercial brokerage community and the general public. The purpose of the information collection project is to help businesses attract more clients while allowing the GCC to assist in promoting both local businesses and in utilizing available properties for lease or sale in attracting new businesses to the area.

The information collection and marketing project will begin in September, 2001. All Garland commercial property owners and businesses will be contacted with information on how to participate in this project.

About Web Real Estate, Inc.

Web Real Estate, Inc. is a privately-held company located in Addison, Texas. Initially formed in 1998 the company has provided turnkey marketing services to the commercial property industry since April of 1999. Web Real Estate, Inc. currently offers services through both franchisees and corporate sales personnel. Franchisees are currently operating in the Houston, Southlake and San Antonio/Laredo, Texas markets as well as in Cleveland. For more information about the company and its franchise program visit www.webrealestate.com or contact Lee Thurburn, CEO, Web Real Estate, Inc. at 972/248-4154 ext. 44 or at [e-mail].

About Garland Chamber of Commerce and Economic Development Partnership

The Garland Chamber of Commerce serves as an advocate to the business community to encourage participation in, and commitment to, the economic, civic, and cultural well being of the Garland community. The Garland Economic Development Partnership is the Chamber's focused economic development effort. The GEDP is a group of more than 50 Garland business leaders, who provide funding for the partnership, as well as other private sector leaders who support growth in Garland's commercial tax base. The GEDP was formed in 1990 as a result of strong feelings from the business community that the Chamber should be directly involved in economic development.

Special Note

This press release is intended as a forward-looking statement within the meaning of the Private Securities Litigation Reform Act of 1995. The risks and uncertainties that may affect the operations, performance, development and results of the Company's business include but are not limited to (i) technology changes, (ii) the success of the Company's expansion and marketing strategies, (iii) competition within the industry, (iv) the ability of the company to raise capital, and (v) the ability of the Company to motivate and retain the services of its key personnel to meet evolving staff requirements.