news release

PropertyBridge Demonstrates Payments Platform at AMA and NAA Shows

OAKLAND, CA - June 6, 2006 - PropertyBridge, Inc., the leading provider of automated payment services for the multifamily housing and property management industries, announced that it will demonstrate its Payments Platform at the following shows this month:

• Arizona Multihousing Association (AMA) Phoenix Education Conference & Tradeshow in Phoenix, AZ, June 7-8, Booth #214

• National Apartment Association (NAA) Education Conference & Expo in Denver, CO, June 15-17, Booth #1636

About PropertyBridge, Inc.

PropertyBridge (www.propertybridge.com) is the leading provider of automated payment processing services to real estate managers and owners. PropertyBridge enables residents to pay rent and other lease-related transactions using any of six payment types including payment cards (credit and debit), Automated Clearing House (ACH), and e-checks. The company offers property management firms across the United States a previously unattainable level of integration and administrative efficiency in key areas of their business. PropertyBridge customers include the country’s largest residential property management companies serving millions of tenants. The PropertyBridge Payments Platform™ processes the largest dollar volume of automated electronic payments in the multifamily housing industry. PropertyBridge, Inc. collaborates extensively with some of the financial service industry's largest organizations including Visa USA, Mastercard, Discover Financial Services, Wells Fargo Bank and First National Bank of Omaha.

Contacts

Peter Mansfield
Vice President of Marketing
pmansfield@propertybridge.com