InGeo Systems Inc. is First Company to Provide Electronic Document Solutions Under New Guidelines.

Business Editors/High-Tech Writers

NORTH LOGAN, Utah--(BUSINESS WIRE)--Nov. 17, 2000

InGeo Systems Inc. Friday announced that its Internet-based electronic recording software leads the industry in electronic document solutions.

InGeo uses the Extensible Hypertext Markup Language (XHTML) and digital signatures to create the electronic, legally-binding documents that drive its electronic recording software, and to provide easy-to-use document preparation and signing interfaces for banks, mortgage and title companies.

XHTML 1.0(TM) is the computer markup language data-format that is widely used in e-commerce, that combines Extensible Markup Language (XML) and Hypertext Markup Language (HTML).

Since the fall of 1999, InGeo Systems has developed Internet-based software with XHTML that electronically reduces the manual document-recording process from days to seconds, which in turn decreases costs and expands productivity for both county recorders and their private sector customers.

Fannie Mae (NYSE:FNM
FNM Free National Movement (Bahamas)
FNM Foot and Mouth ), the nation's largest source of financing for home mortgages, recently announced its selection of XHTML as the first data format to meet its initial e-mortgage guidelines. The selection of XHTML reinforces InGeo Systems as the industry leader in providing electronic recording-solutions for business-to-government (B2G) transactions.

"InGeo's e-recording products are the first e-government applications developed using XHTML," said Todd Hougaard, founder and chief executive officer of InGeo Systems. "We anticipate continued success as a trailblazer in providing e-recording technology that streamlines the workflow between lenders, title companies, mortgage servicers, and county government."

As a leader, InGeo Systems is committed to innovation, and in turn continues to participate in a number of industry standard-setting taskforces nationwide, involving both public and private sectors, in addressing the emerging issues concerning the development of electronic document processing.

For more information about InGeo's electronic recording technology, please contact Allyson Luekenga, marketing and communications director at 435/755-9837, or [e-mail].

About InGeo Systems Inc.

InGeo Systems was founded in June 1996 in North Logan and has the core purpose of providing innovative, market-leading electronic-document processing for business-to-government (B2G) transactions. Please see the InGeo Systems web site at www.ingeo.com.