American Trust Joins the RealEC Technologies' Family of Service Providers for Mortgage Banking

Apr 26, 2001, 01:00 ET from RealEC Technologies

    SANTA ANA, Calif., April 26 /PRNewswire/ -- RealEC Technologies(TM), the
 industry's leading secure B2B eCommerce exchange for real estate transactions,
 has signed an agreement with American Trust, representing a group of companies
 offering a comprehensive suite of bundled services to the real estate
 industry, to utilize RealEC's Web technologies effective March 7, 2001.  The
 agreement allows American Trust to use existing RealEC technology to create
 its own virtual network of service providers.  Utilizing RealEC's web
 technologies to create their own e-commerce environment allows American Trust
 to better serve their customers.
     "We are pleased to have entered into this agreement with RealEC," said
 American Trust CFO, Mathew Brumble.  "We believe the RealEC Exchange offers
 leading-edge technology that will enable us to reduce expenses, improve
 capacity management, and help us deliver our solutions to an even broader
 audience."
     American Trust presently provides an array of bundled services to
 providers of mortgage banking services in Idaho, Washington, and Oregon.
 Their present goal is to expand these services to local mortgage bankers
 within all northwest states.  "This relationship with American Trust is very
 strategic for RealEC by demonstrating how the RealEC infrastructure and Web
 technologies can be used to better serve the needs of vendor management
 companies," said Jeff Sanderson, president of RealEC Technologies.
     Designed to facilitate the origination, servicing, statusing and closing
 of real estate transactions and to enable real estate practitioners to
 significantly enhance their businesses, RealEC provides integrated solutions
 through the following core components:
     RealEC Exchange(TM) is an intelligent routing process that offers
 traditional transaction capability and provides a standardized connectivity
 and data transport functionality for originators and vendors involved in the
 transaction.  It also handles data translation and facilitates rapid
 information flow while integrating seamlessly with vendors' production
 systems.
     RealEC TransactionSuite(TM) offers order management, status tracking and
 coordination by intelligently managing vendor selection and coordinating the
 flow of an entire real estate transaction process using a software solution
 and tools that enable online collaboration.  A suite of transaction-based
 products RealEC was created to add value to Lender and Realtor channels and
 was designed to increase the flow of orders to RealEC Service Providers.  The
 suite of integrated solutions targets all parties to a real estate transaction
 in both the residential and commercial arenas.
     RealEC Technologies is an affiliate of Micro General Corporation
 (Nasdaq: MGEN), a leading full-service enterprise solutions provider of real
 estate industry applications and e-Commerce, and Stewart Title Company is a
 minority owner in RealEC Technologies.
 
     About RealEC
     Formed in May 2000, RealEC Technologies is a fully integrated transaction
 management services company offering online real estate settlement products
 and services designed to provide all parties in a real estate transaction with
 a complete and integrated technology solution for managing their transactions
 over the Internet.  The Company's suite of integrated solutions targets all
 parties to a real estate transaction in both the residential and commercial
 arenas, including Realtors, lenders/mortgage originators, consumers and real
 estate settlement service providers.
     The Company's products are designed to facilitate the origination,
 servicing, statusing and closing of real estate transactions and to enable
 real estate practitioners to significantly enhance their businesses by
 increasing operational efficiencies, improving customer service and generating
 new sources of revenue.   RealEC provides integrated solutions through its
 TransactionSuite of products:   iSelect(TM), ProductSelect(TM) and
 ProviderSelect(TM).  For more information visit: www.realec.com.
 
     About American Trust
     Formed in December 1999 by principals in the lending/real estate industry,
 American Trust's staff has over 120 years of experience in banking, mortgage
 lending, title/escrow, and product-related industries.  American Trust
 emphasizes local mortgage banking relationships -- with technology at its core
 -- as a business model.  With clients in three key northwest states and
 established relationships in Montana and Wyoming, its goal is to become the
 leading bundled services provider in the region.
     A pioneer in the field of bundling ancillary services to the mortgage
 industry, American Trust is pleased to have as a client the largest mortgage
 lender in the state of Idaho, and the #2 mortgage lender in the Spokane,
 Washington market.  This bundled services model will be the basis of
 additional relationships with the addition of the RealEC technology for the
 delivery of these services to our growing client base.
 
     ABOUT MICRO GENERAL
     Micro General Corporation is the leading provider of production and
 workflow software systems to the title and real estate industries.  The
 company's additional competencies include managed application services,
 application development and integration, network, data and infrastructure
 management and IT outsourcing.
     Micro General was ranked 47th of the top 100 technology companies in the
 October 1999 Bloomberg Financial Magazine featuring "The 100 Fastest-growing
 U.S. Technology Companies" in the United States.  The Company was also named
 "The Fastest Growing High Technology Public Company in Orange County, Calif."
 for two consecutive years.
     Micro General and its operating subsidiaries employ more than 500
 individuals nationwide, primarily in professional and technical positions.  To
 learn more about Micro General Corporation, visit our Website at:
 www.microgeneral.com or call (949) 622-3927.
 
     About Stewart Information Services Corporation
     Stewart Information Services Corporation is a technology driven,
 strategically competitive, global real estate information company.  Stewart
 provides title insurance and related services through more than 5,300 issuing
 locations in the United States and several international markets.  A leading
 provider of real estate information technology and connectivity, Stewart meets
 the needs of the real estate and mortgage industries through the electronic
 delivery of services required for settlement. In addition, Stewart provides
 expertise in tax-deferred exchanges, surveys and field services.  More
 information about Stewart can be found at www.stewart.com.
 
     This press release contains forward-looking statements.  The words
 "believe," "expect," "intend," "anticipate," "will" and "project," and similar
 expressions identify forward-looking statements, which speak only as of the
 date the statement was made.  The Company undertakes no obligation to publicly
 update or revise any forward-looking statements, whether as a result of new
 information, future events, or otherwise.  Forward-looking statements are
 inherently subject to risks and uncertainties, some of which cannot be
 predicted or quantified.  Future events and actual results could differ
 materially from those set forth in, contemplated by, or underlying the
 forward-looking statements.  The risks and uncertainties to which forward-
 looking statements are subject include, but are not limited to, the effect of
 government regulation, competition and other risks detailed from time to time
 in the Company's filings with the Securities and Exchange Commission.
 
                     MAKE YOUR OPINION COUNT -  Click Here
                http://tbutton.prnewswire.com/prn/11690X22163937
 
 

SOURCE RealEC Technologies
    SANTA ANA, Calif., April 26 /PRNewswire/ -- RealEC Technologies(TM), the
 industry's leading secure B2B eCommerce exchange for real estate transactions,
 has signed an agreement with American Trust, representing a group of companies
 offering a comprehensive suite of bundled services to the real estate
 industry, to utilize RealEC's Web technologies effective March 7, 2001.  The
 agreement allows American Trust to use existing RealEC technology to create
 its own virtual network of service providers.  Utilizing RealEC's web
 technologies to create their own e-commerce environment allows American Trust
 to better serve their customers.
     "We are pleased to have entered into this agreement with RealEC," said
 American Trust CFO, Mathew Brumble.  "We believe the RealEC Exchange offers
 leading-edge technology that will enable us to reduce expenses, improve
 capacity management, and help us deliver our solutions to an even broader
 audience."
     American Trust presently provides an array of bundled services to
 providers of mortgage banking services in Idaho, Washington, and Oregon.
 Their present goal is to expand these services to local mortgage bankers
 within all northwest states.  "This relationship with American Trust is very
 strategic for RealEC by demonstrating how the RealEC infrastructure and Web
 technologies can be used to better serve the needs of vendor management
 companies," said Jeff Sanderson, president of RealEC Technologies.
     Designed to facilitate the origination, servicing, statusing and closing
 of real estate transactions and to enable real estate practitioners to
 significantly enhance their businesses, RealEC provides integrated solutions
 through the following core components:
     RealEC Exchange(TM) is an intelligent routing process that offers
 traditional transaction capability and provides a standardized connectivity
 and data transport functionality for originators and vendors involved in the
 transaction.  It also handles data translation and facilitates rapid
 information flow while integrating seamlessly with vendors' production
 systems.
     RealEC TransactionSuite(TM) offers order management, status tracking and
 coordination by intelligently managing vendor selection and coordinating the
 flow of an entire real estate transaction process using a software solution
 and tools that enable online collaboration.  A suite of transaction-based
 products RealEC was created to add value to Lender and Realtor channels and
 was designed to increase the flow of orders to RealEC Service Providers.  The
 suite of integrated solutions targets all parties to a real estate transaction
 in both the residential and commercial arenas.
     RealEC Technologies is an affiliate of Micro General Corporation
 (Nasdaq: MGEN), a leading full-service enterprise solutions provider of real
 estate industry applications and e-Commerce, and Stewart Title Company is a
 minority owner in RealEC Technologies.
 
     About RealEC
     Formed in May 2000, RealEC Technologies is a fully integrated transaction
 management services company offering online real estate settlement products
 and services designed to provide all parties in a real estate transaction with
 a complete and integrated technology solution for managing their transactions
 over the Internet.  The Company's suite of integrated solutions targets all
 parties to a real estate transaction in both the residential and commercial
 arenas, including Realtors, lenders/mortgage originators, consumers and real
 estate settlement service providers.
     The Company's products are designed to facilitate the origination,
 servicing, statusing and closing of real estate transactions and to enable
 real estate practitioners to significantly enhance their businesses by
 increasing operational efficiencies, improving customer service and generating
 new sources of revenue.   RealEC provides integrated solutions through its
 TransactionSuite of products:   iSelect(TM), ProductSelect(TM) and
 ProviderSelect(TM).  For more information visit: www.realec.com.
 
     About American Trust
     Formed in December 1999 by principals in the lending/real estate industry,
 American Trust's staff has over 120 years of experience in banking, mortgage
 lending, title/escrow, and product-related industries.  American Trust
 emphasizes local mortgage banking relationships -- with technology at its core
 -- as a business model.  With clients in three key northwest states and
 established relationships in Montana and Wyoming, its goal is to become the
 leading bundled services provider in the region.
     A pioneer in the field of bundling ancillary services to the mortgage
 industry, American Trust is pleased to have as a client the largest mortgage
 lender in the state of Idaho, and the #2 mortgage lender in the Spokane,
 Washington market.  This bundled services model will be the basis of
 additional relationships with the addition of the RealEC technology for the
 delivery of these services to our growing client base.
 
     ABOUT MICRO GENERAL
     Micro General Corporation is the leading provider of production and
 workflow software systems to the title and real estate industries.  The
 company's additional competencies include managed application services,
 application development and integration, network, data and infrastructure
 management and IT outsourcing.
     Micro General was ranked 47th of the top 100 technology companies in the
 October 1999 Bloomberg Financial Magazine featuring "The 100 Fastest-growing
 U.S. Technology Companies" in the United States.  The Company was also named
 "The Fastest Growing High Technology Public Company in Orange County, Calif."
 for two consecutive years.
     Micro General and its operating subsidiaries employ more than 500
 individuals nationwide, primarily in professional and technical positions.  To
 learn more about Micro General Corporation, visit our Website at:
 www.microgeneral.com or call (949) 622-3927.
 
     About Stewart Information Services Corporation
     Stewart Information Services Corporation is a technology driven,
 strategically competitive, global real estate information company.  Stewart
 provides title insurance and related services through more than 5,300 issuing
 locations in the United States and several international markets.  A leading
 provider of real estate information technology and connectivity, Stewart meets
 the needs of the real estate and mortgage industries through the electronic
 delivery of services required for settlement. In addition, Stewart provides
 expertise in tax-deferred exchanges, surveys and field services.  More
 information about Stewart can be found at www.stewart.com.
 
     This press release contains forward-looking statements.  The words
 "believe," "expect," "intend," "anticipate," "will" and "project," and similar
 expressions identify forward-looking statements, which speak only as of the
 date the statement was made.  The Company undertakes no obligation to publicly
 update or revise any forward-looking statements, whether as a result of new
 information, future events, or otherwise.  Forward-looking statements are
 inherently subject to risks and uncertainties, some of which cannot be
 predicted or quantified.  Future events and actual results could differ
 materially from those set forth in, contemplated by, or underlying the
 forward-looking statements.  The risks and uncertainties to which forward-
 looking statements are subject include, but are not limited to, the effect of
 government regulation, competition and other risks detailed from time to time
 in the Company's filings with the Securities and Exchange Commission.
 
                     MAKE YOUR OPINION COUNT -  Click Here
                http://tbutton.prnewswire.com/prn/11690X22163937
 
 SOURCE  RealEC Technologies