Lone Wolf Acquires an Interest in Nuance Systems Ltd.

RISMEDIA, January 8, 2009-Lone Wolf Real Estate Technologies and Nuance Systems Ltd. announced that they have taken the integration of Lone Wolf Real Estate Technologies’ brokerage management system, the Realty Management System (RMS) and Nuance Systems Ltd.’s REALTYnuance (RN) Web-based real estate transaction management system to the next level with Lone Wolf Real Estate Technologies’ acquisition of a financial interest in Nuance Systems Ltd.

Lorne Wallace, Lone Wolf’s President, says, ” When we started to work with Nuance to integrate their product with ours, I could tell from the outset that they were on the right track with Web-based real estate transaction management”.

According to the company, REALTYnuance (RN), while able to be used as a standalone application by individual REALTORS® or teams, provides substantial cost savings and efficiencies when installed at the brokerage level and integrated with RMS. Built by REALTORS® for REALTORS®, their clients and their brokers, RN provides a REALTOR® Desktop from which individual REALTORS® and teams can involve their clients in the management of the real estate transaction. With recent developments and associations with other industry providers, Nuance has developed the first completely paperless real estate transaction in Canada – from listing to title registration- and yet still integrates easily with non-tech literate practitioners.

“We’re pleased that this interest in Nuance helps us towards the goal of a true enterprise solution for the real estate industry,” says Wallace. “With over 5,000 offices using our products, anything that can streamline processing time and cut costs is a benefit to us.”

Nuance Systems Ltd. Director, Dan Bennett R.I., a past Canadian RE Association Director, and past President of the BC Real Estate Association and Fraser Valley Real Estate Board notes that “We specifically designed RN to be a value added product to the basic MLS® related products provided to REALTORS® by their Boards”. He further states that “it just makes sense that, with other financial services available online, REALTORS® and Brokers would want to provide their clients a private, secure Web-based environment to manage their real estate transactions”.

About Lone Wolf: Lone Wolf is North America’s #1 industry technology leader with over 5,000 offices utilizing their fully integrated solutions. Wolf EX is their state of the art front office system, integrated with 100+ MLS boards. The Realty Management System (RMS) is their complete back office accounting system and Global Wolf offers leading edge website solutions. Wolf Watch is a division offering bookkeeping services and rounding off their product line is a comprehensive membership management program called Wolf Tracks.For more information, visit www.lwolf.com and www.realtynuance.com.