New Director of Information Technology

Colchester, VT, February 25, 2008 -  AVMax®, a leader in automated valuation solutions announced the appointment of David Paul as Director of Information Technology. Mr. Paul will oversee the company's technical and data departments for its AVM products and services.

Mr. Paul comes to the company with a background in Engineering, Physics and computer programming. He spent seventeen years with IBM in Essex Junction VT. For several years, Mr. Paul was engaged as an independent consultant providing technical and financial data solutions.

William Peters, President of the company notes, "Dave is extremely creative and develops high-performance solutions that solve complex business challanges with surprising ease and elegant simplicity. He has a wealth of experience and applies his skills to business needs quickly and effectively. His extensive background in handling data and his business expertise will help to move the company forward  with our continued expansion in the field of automated valuation services. We are pleased to have Dave join our team here in Vermont."

AVMax® drew Mr. Paul's interest because the company "is on the leading edge of a unique industry with vision, flexibility and customer responsiveness" he said.

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AVMax® Offers Superior hit rates in Underserved Areas

Colchester, VT, February 27, 2004  - While AVM technology continues to gain recognition, use and acceptance among lenders and the investor markets, there have always been certain geographic areas where automated valuation tools have simply been incapable of returning viable valuation results…until now.

AVMax® has sharpened its focus on developing new valuation procedures that allow the model to produce actionable results in a number of historically underserved states.

Utilizing a blend of valuation techniques to estimate the current value of residential properties, the company has identified a dozen states that will benefit from its enhanced valuation technology. Those states include: Maine, Idaho, Kansas, Kentucky, Iowa, Ohio, Louisiana, South Carolina, West Virginia, Nebraska, Arkansas and Georgia.

According to Bill Peters, President of the company, “In reality, there are a large number of inter-related variables that determine a value. Where data elements are limited, our goal is to more precisely match the underlying relationships in the data to produce meaningful valuation results.” “Our goal will be continually to analyze and adjust the AVMax® model, allowing us to consistently improve accuracy, reliability, overall hit rate and performance.”

AVMax® is available via the internet for small volume AVM usage and batch processing capabilities for larger volume applications and quality control functions. To learn more about AVMax®, additional information is available at www.avmax.net or by calling 1-866-342-8629.

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R.J. Peters Associates, Inc. (RJPA) has Announced the Introduction of its New Automated Valuation Model (AVM), AVMax®.

Colchester, VT, January 5, 2004  - AVMax® is a discriminatory, property-specific model that offers the advantages of both comp-based and Hedonic methodology. AVMax® incorporates national data to establish a base value, further refining valuations through proprietary screening and weighting mechanisms to improve valuation accuracy. The model also integrates proprietary logic to manage geographic anomalies, further improving valuation precision and confidence levels.

According to Bill Peters, President of RJPA, "The strength of our model lies in effectively screening data for missing or out-of-range occurrences and inconsistencies, generating a very high useable hit rate." By design, the gross hit rate for the model will be relatively low (45-55%), but the useable hit rate for AVMax® is in the 90% range. Peters adds, "When AVMax® returns a value, its confidence score is typically in the 85+ range out of 100, and, on average, our testing indicates the value will fall within 5-9% of actual market value."

While AVMax® offers national coverage, RJPA is enhancing the model's capabilities to address specific regions and states that are presently underserved by the AVM industry. "By including external data specific to underserved regions and states, we are refining our results in order to return consistent values in these areas. We are constantly working to expand the "effective scope" of our model to increase gross hit rates into additional underserved regions and states."

In order to assure accuracy in its valuations returned, AVMax® is tested in a systematic and on an ongoing basis against known values. This serves two purposes: 1) verification of Data Sources used, and 2) validation of updated algorithms and modeling techniques within the Model itself.

The reliability and accuracy of AVM valuations differ widely depending on the "structure" of the AVM. Because of AVMax's focus on generating only "useable hits", it is positioned in the market as a premium product.

The result of over a year of research and development, AVMax® is designed to perform quick and cost effective collateral assessment services for residential lending. AVMax® is available via the internet for small volume AVM usage, and for batch processing capabilities for larger volume applications and quality control functions. AVMax® is also available online for small volumes or direct for large volume batch-processing.

Additional information is available at www.avmax.net or by calling 1-866-342-8629.

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