news release

PropertyBridge Demonstrates Payments Platform at MFE and NMHC Shows

OAKLAND, CA - October 2, 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:

• Multifamily Executive (MFE) Conference in Las Vegas, NV, Oct 4-6, Booth #509

• National Multi Housing Council (NMHC) Annual Apartment Technology Conference in Scottsdale, AZ, October 29-31, Booth #24

About PropertyBridge, Inc.

PropertyBridge is the leading provider of automated payment processing services to real estate owners and managers. The PropertyBridge Payments Platform enables residents to pay rent and other lease-related transactions using an array of payment types, including credit and debit cards, Automated Clearing House (ACH), check scanning (Check 21/ARC), online bank bill payment, person-to-person payment and lockbox services. PropertyBridge provides management firms with a previously unattainable level of integration and administrative efficiency in key areas of their business. The company collaborates extensively with financial services leaders including Visa USA, MasterCard, Discover Financial Services, American Express, Wells Fargo Bank and First National Bank of Omaha.

Contacts

Peter Mansfield
Vice President of Marketing
pmansfield@propertybridge.com