The acquisition of this software company represents an exciting and unique opportunity. Over the past 5 years, the Company has developed a software program enabling the user to complete a real-time exterior home inspection within minutes. The application has been developed in-house and has recently completed a successful two-year beta testing with several hundred thousand customers throughout the country. The inspector uses a handheld PDA device to communicate pictures, measurements and structure details (i.e. two story, ranch, brick, etc.) to the end user in real time. The application has been designed for compatibility with accounting systems, wireless carriers, GPS-based mapping technology and project-management software. Some practical end users are tax assessors, banks/lenders, mortgage companies, and their representatives. The software provides solutions appropriate for potentially hundreds of thousands of commercial users in the United States and worldwide. Depending on proximity of the homes, the Company can complete 250 inspections per day per unit. This is particularly useful to banks and mortgage inspection companies. The inspection process is time sensitive, and the ability to send information in seconds rather than days or weeks, is extremely beneficial.
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