InformationLogix, Inc.

	Auction Online Bidding By using the Internet as the primary venue for bidding, purchasers are no longer limited geographically. HUD Properties InformationLogix technology powered the BidSelect auction application for all HUD properties. The proprietary auction technology has successfully auctioned and closed over 26,000 properties since February 2004 and manages over 30,000 offers each month. Auctions run continually with both HUD properties and bank owned assets. Bank Owned Properties InformationLogix offers non-traditional marketing and sales channels through existing auction platforms. Leveraging existing relationships with investors and purchasers of distressed property, results in a much higher return than systems that require incremental advertising campaigns to support local sales venues. InformationLogix also utilizes its auction technologies to reduce commissions and vendor fees associated with listing properties by allowing qualified vendors to bid for service. Residential Resale InformationLogix utilizes its auction technologies to reduce commissions and vendor fees associated with listing of traditional resale properties by allowing qualified vendors to bid for service through its "Bid for Listings" application. New Homes Auction services can be performed on new home developments and phase releases, as well as closing of open lots that have yet to sell.