RealEC Technologies and Transamerica Flood Hazard Certification, Inc. Sign Flood Determinations Agreement

Transamerica Flood Gains Direct Integration to the RealEC Exchange Flood

Determinations Lending Community



Apr 16, 2001, 01:00 ET from RealEC Technologies

    SANTA ANA, Calif., April 16 /PRNewswire/ -- RealEC Technologies(TM), the
 industry's leading secure B2B eCommerce exchange for real estate transactions,
 today announced that it has established a direct integration to Transamerica
 Flood for flood determinations, effective April 6, 2001.  Transamerica Flood
 Hazard Certification, Inc. is a subsidiary of Transamerica Finance
 Corporation, one of the nation's leading financial services companies.
     As a leading provider of innovative technology for flood hazard
 determinations to the lending community, Transamerica Flood will incorporate
 RealEC's comprehensive B2B e-Commerce settlement services platform into its
 menu of connectivity technology for its flood products -- including, desktop,
 Internet, and network-to-network connectivity.
     Transamerica Flood is the innovator of combining tax map and flood map
 methodologies to provide the industry's most accurate flood determinations.
 It pioneered electronic ordering and its combination of technology and mapping
 methodologies are considered standards for the industry.  It was the first
 company to offer flood determinations, the first to offer electronic ordering,
 and the first to provide written guarantees.  Transamerica Flood created the
 Life-of-Loan tracking program, and was the first flood determination service
 linked to a tax service.
     "This collaboration will definitely expand the scope of flood
 determinations for The RealEC Exchange," said Jeff Sanderson, President of
 RealEC Technologies.  "RealEC is extremely pleased to add Transamerica Flood
 as a settlement services provider partner.  With its nationwide coverage and
 extensive technology oriented services, Transamerica Flood is a significant
 force in the business-to-business fulfillment services marketplace today.
 RealEC is a logical addition to their portfolio." he said.
     Tom DellaTorre, president of Transamerica Flood, said "We are excited
 about joining with RealEC and adding another method to the many connectivity
 solutions we offer our customers.  Our collaboration with RealEC brings
 together two companies that are known as technology leaders.  Joining with
 RealEC provides us with another powerful connectivity tool to provide to our
 customers.  We are looking forward to working with our partners at RealEC."
     Designed to facilitate the origination, servicing, 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:
     The 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 handles data translation and facilitates rapid information
 flow while integrating seamlessly with vendors' production systems.
     The 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.  Targeting all parties to
 a real estate transaction in both the residential and commercial arenas, this
 suite of transaction-based products was created to add value to lender and
 Realtor channels to increase the flow of orders to RealEC service providers.
     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:  VendorMgr(TM), ProductSelect(TM) and
 ProviderSelect(TM).  For more information visit: www.realec.com.
 
     About Transamerica Flood Hazard Certification, Inc.
     Transamerica Flood Hazard Certification, Inc., headquartered in Hasbrouck
 Heights, New Jersey, is a market leader in providing flood determinations to
 the mortgage lending industry.  Founded in 1977, it is a subsidiary of
 Transamerica Finance Corporation.  Transamerica Finance Corporation's parent,
 AEGON, NV, is one of the world's largest insurance and related financial
 services organizations in the world with over $230 Billion in assets.
 Transamerica Flood is on the Web at www.transamericafinance.com.
 
     About Micro General Corporation
     Micro General Corporation is a full-service enterprise solutions enabler
 offering a complete range of information technology services.  Primary
 expertise is found in the areas of systems integration, application
 development, eCommerce and real estate industry applications.  Services
 include Internet enabling software and technologies; title, trust accounting,
 escrow and real estate related software development; and eCommerce transaction
 and document management capabilities.  With more than 400 current
 installations, other service offerings encompass software and hardware
 installation, training and support capabilities.  Micro General's operating
 subsidiaries and affiliated companies 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.
 
 

SOURCE RealEC Technologies
    SANTA ANA, Calif., April 16 /PRNewswire/ -- RealEC Technologies(TM), the
 industry's leading secure B2B eCommerce exchange for real estate transactions,
 today announced that it has established a direct integration to Transamerica
 Flood for flood determinations, effective April 6, 2001.  Transamerica Flood
 Hazard Certification, Inc. is a subsidiary of Transamerica Finance
 Corporation, one of the nation's leading financial services companies.
     As a leading provider of innovative technology for flood hazard
 determinations to the lending community, Transamerica Flood will incorporate
 RealEC's comprehensive B2B e-Commerce settlement services platform into its
 menu of connectivity technology for its flood products -- including, desktop,
 Internet, and network-to-network connectivity.
     Transamerica Flood is the innovator of combining tax map and flood map
 methodologies to provide the industry's most accurate flood determinations.
 It pioneered electronic ordering and its combination of technology and mapping
 methodologies are considered standards for the industry.  It was the first
 company to offer flood determinations, the first to offer electronic ordering,
 and the first to provide written guarantees.  Transamerica Flood created the
 Life-of-Loan tracking program, and was the first flood determination service
 linked to a tax service.
     "This collaboration will definitely expand the scope of flood
 determinations for The RealEC Exchange," said Jeff Sanderson, President of
 RealEC Technologies.  "RealEC is extremely pleased to add Transamerica Flood
 as a settlement services provider partner.  With its nationwide coverage and
 extensive technology oriented services, Transamerica Flood is a significant
 force in the business-to-business fulfillment services marketplace today.
 RealEC is a logical addition to their portfolio." he said.
     Tom DellaTorre, president of Transamerica Flood, said "We are excited
 about joining with RealEC and adding another method to the many connectivity
 solutions we offer our customers.  Our collaboration with RealEC brings
 together two companies that are known as technology leaders.  Joining with
 RealEC provides us with another powerful connectivity tool to provide to our
 customers.  We are looking forward to working with our partners at RealEC."
     Designed to facilitate the origination, servicing, 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:
     The 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 handles data translation and facilitates rapid information
 flow while integrating seamlessly with vendors' production systems.
     The 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.  Targeting all parties to
 a real estate transaction in both the residential and commercial arenas, this
 suite of transaction-based products was created to add value to lender and
 Realtor channels to increase the flow of orders to RealEC service providers.
     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:  VendorMgr(TM), ProductSelect(TM) and
 ProviderSelect(TM).  For more information visit: www.realec.com.
 
     About Transamerica Flood Hazard Certification, Inc.
     Transamerica Flood Hazard Certification, Inc., headquartered in Hasbrouck
 Heights, New Jersey, is a market leader in providing flood determinations to
 the mortgage lending industry.  Founded in 1977, it is a subsidiary of
 Transamerica Finance Corporation.  Transamerica Finance Corporation's parent,
 AEGON, NV, is one of the world's largest insurance and related financial
 services organizations in the world with over $230 Billion in assets.
 Transamerica Flood is on the Web at www.transamericafinance.com.
 
     About Micro General Corporation
     Micro General Corporation is a full-service enterprise solutions enabler
 offering a complete range of information technology services.  Primary
 expertise is found in the areas of systems integration, application
 development, eCommerce and real estate industry applications.  Services
 include Internet enabling software and technologies; title, trust accounting,
 escrow and real estate related software development; and eCommerce transaction
 and document management capabilities.  With more than 400 current
 installations, other service offerings encompass software and hardware
 installation, training and support capabilities.  Micro General's operating
 subsidiaries and affiliated companies 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.
 
 SOURCE  RealEC Technologies