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Texas Apartment Association Selects PropertyBridge as its Exclusive Industry-Specific Electronic Payments Service Provider

OAKLAND, CA – April 18, 2006 –  PropertyBridge, Inc., the leading electronic payment services provider in the multifamily housing industry, today announced that it has been selected by the Texas Apartment Association (TAA) as its exclusive multifamily-specific payments service provider. The three-year partnership agreement entitles TAA’s property manager and owner members to receive special pricing and benefits on automated payment processing services from PropertyBridge.

“After a thorough review of vendors, and recommendations from outside parties, it was clear that the PropertyBridge Payments Platform was the best industry-specific fit for our members’ needs,” stated George B, Allen, CAE, TAA Executive Vice President. “PropertyBridge’s recognized multifamily industry leadership, field-proven technology, and strong commitment to the Texas market make it a natural choice as our payments partner.”

“We are very excited to provide TAA members with state-of-the-art payment resources to help them streamline and improve critical business processes,” stated Jason Gardner, PropertyBridge President. “Texas has always been a key strategic region for PropertyBridge. That is why we chose Dallas as the location for our first regional office in 2006. Our partnership with TAA allows property management firms of all sizes to realize the benefits of a centralized and automated payments approach,” Gardner said.

Click here to read how TAA has partnered with PropertyBridge to offer a payments program for small and medium sized businesses.

About The Texas Apartment Association, Inc.

The Texas Apartment Association, Inc. (www.taa.org) is a non-profit statewide trade association dedicated to unifying rental housing professionals through education, legislative advocacy and member services. TAA is the largest statewide apartment association in the United States, with 25 affiliated local associations in Texas and more than 10,000 members representing more than 1.6 million units. TAA is affiliated with the National Apartment Association and local associations in 25 Texas cities. Members join TAA and NAA by joining the local affiliate in their area.

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), cash payment services, online bank bill 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, Western Union, Wells Fargo Bank and First National Bank of Omaha.

Contacts

Peter Mansfield
Vice President of Marketing

PropertyBridge, Inc.
pmansfield@propertybridge.com

Glenda R. Holmes, ABC*

Vice President of Communications and Marketing

Texas Apartment Association, Inc

glenda@taa.org