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Appraisal Resource Announces Strategic Alliance with Patriot Properties

Appraisal Resource to market Patriot Properties AssessPro software in Rhode Island & Connecticut

EAST GREENWICH, RI - April 25th, 2007, Appraisal Resource Company Inc., of East Greenwich, RI, and Patriot Properties, Inc. of Lynn, MA, today announced a Strategic Alliance. Appraisal Resource will market AssessPro, Patriot Properties’ industry leading CAMA software, to Rhode Island and Connecticut municipalities.

AssessPro is the most versatile and comprehensive assessing product available. It is currently installed in 16 states, covering over 4 million parcels. Patriot Properties, Inc, has been in business over 21 years and serves approximately 180 clients nationwide. AssessPro offers real estate and personal property software integrated in one package, embedded GIS links using the latest ESRI technology, and a Tablet Edition allowing data collection in the field using Patriot's Mobile Tool. In 2005, Patriot also added CollectPro, a fully integrated billing and collections package. Jim McCathern, Chief Executive Officer remarked “We are pleased to be joining forces with Appraisal Resource to market AssessPro in Connecticut and Rhode Island. This will enable us to continue the expansion of our software division and increase our software market penetration in Southern New England. Our service division will continue to operate in the same geographic areas which do not overlap with the highly regarded service division of Appraisal Resource.”

Appraisal Resource, headquartered in East Greenwich, RI is a regional Revaluation firm, servicing clients in Rhode Island, Connecticut, and Southeastern Massachusetts. Richard Berlinsky, President of Appraisal Resource commented, “We are delighted to bring this new alliance to our customers. Patriot Properties and the AssessPro brand are known throughout the region as the premier CAMA system in the market. Our strong appraisal and revaluation experience, combined with Patriot software products, offer our clients and the region, a terrific solution for their assessing needs.”

For more information please contact us, or go to our website at www.appraisalresource.com or Patriot Properties at www.patriotproperties.com

Press Contact: Appraisal Resource
Richard L. Nagle
Vice President - Revaluation
1.866.340.CAMA
rnagle@appraisalresource.com

Press Contact: Patriot Properties
James McCathern
Chief Executive Officer
781.586.9670
jamesm@patriotproperties.com





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