news release

PropertyBridge Demonstrates Payments Platform at TAA, SDCAA and NJAA Shows

OAKLAND, CA - May 10, 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:

• Texas Apartment Association (TAA) 43rd Annual Education Conference & Lone Star Expo in San Antonio, TX, May 12-13, Booth #101
• San Diego County Apartment Association (SDCAA) Rental Housing Education Conference & Expo in San Diego, CA, May 16, Booth #527
• New Jersey Apartment Association (NJAA) Live! 2006 in Atlantic City, NJ, May 23-24, Booth #429

PropertyBridge's Payments Platform enables residents to pay rent and other lease-related transactions using any of six payment types including payment cards (credit and debit), ACH, and e-checks. Real time transaction data and regular reports are available for integration with leading accounting and management systems.

About PropertyBridge, Inc.

PropertyBridge, Inc. (www.propertybridge.com) is the leading provider of automated payment processing services for the real estate management industry, processing the largest dollar volume of electronic payments for the multifamily housing market. Formed in 2003 by a diverse group of financial services, technology, marketing and real estate professionals, PropertyBridge launched its first solutions for large multifamily housing and property management firms in 2004. PropertyBridge now serves customers across the United States. These include some of the largest residential real estate management companies serving millions of tenants. PropertyBridge collaborates extensively with some of the financial service industry's largest organizations including Visa USA, Wells Fargo Bank, Discover Financial Services and MasterCard.

Contacts

Peter Mansfield
Vice President of Marketing
pmansfield@propertybridge.com