National Real Estate Investors Association Endorses RealData Software

January 18, 1995 -- The National Real Estate Investor's Association
(NaREIA) announced today that it has endorsed software produced by
RealData, Inc. of South Norwalk, CT for use by its members. The
announcement was made by NaREIA president Michael Rodetsky at the group's
annual conference in Orlando, Florida.

The RealData product, Real Estate Investment Analysis, allows an investor
to evaluate an income property's cash flow, resale potential and tax
implications. It is used to help the investor make a purchase decision, to
assist in marketing a property and to support requests for financing.

Rodestsky also announced a distribution agreement between NaREIA and
RealData that will allow members to purchase the software directly from
the Association at a special member discount. The product usually retails
for $295.

According to Rodetsky, "We compared the RealData product to other software
costing as much as ten times the price. We felt that their Real Estate
Investment Analysis did a very thorough and professional job and could
prepare an excellent presentation. It was certainly much easier to use
than the more costly programs. We were impressed as well by RealData's
long track record of support for our industry."

NaREIA is a non-profit organization founded in 1984. It provides a variety
of support services to real estate investors, including educational
programs and newsletters. NaREIA has member groups across the United
States with an estimated 30,000 members. Additional information about the
organization is available from the Association's secretary, Sue Brawn at
800-922-2214.

RealData has provided software for the real estate industry since 1981 and
currently offers ten products for investors, developers, managers and
sales associates. The company supports the Windows, MS-DOS and Macintosh
platforms.

RealData Inc
78 North Main St
South Norwalk, CT 06854
203-838-2670,  fax 203-852-9083

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