Boeckh Replacement

November 2002

Bob Hornick, President

CIM-Data, Marshall-Swift, and Compu-Quote have reached a tentative agreement to imbed the new Marshall Swift RCT Home Evaluator in the CIM-Data System. The arrangement builds on the long history CIM-Data has had supporting the original IBC Calculator which was later turned over to Boeckh as the "Boeckh Home Evaluator". The RCT calculator will be the new industry standard instrument for calculating values of homes in Canada. CIM-Data is pleased to announce that it will be the first Broker Management System to implement RCT.

The implementation provides all CIM-Data users access to the RCT Evaluation screens and data. Anyone can enter or look up information at any time. Like the existing Boeckh system, evaluation information can be kept on file for years.

The actual evaluation engine will reside on the server and will process one evaluation request at a time. RCT will not have to be loaded on individual workstations. We expect the response to be quick so that more than one person can receive responses back on their screen within a single moment.

CIM-Data customers have paid Boeckh a licence fee through their monthly support fees without a price increase for the past ten years. The increased license fee for the imbedded RCT product will again be much less than the stand-alone RCT product and will be announced shortly, once finalized between CQ, MS, and CIM-Data.

Compu-Quote is the prime software contractor for Marshall Swift in Canada. CIM-Data and Compu-Quote have already had preliminary discussions on the integration technique. CQ expects to have a first version available by December this year. Rollout to CIM-Data customers should commence in the first quarter of 2003.

There are still several companies that are not completely prepared for the RCT rollover and many brokerages in Canada will not be ready with RCT in January. Compu-Quote and Marshall-Swift are aware of this problem but do not have advice for us to pass on as of yet. If asked, CIM-Data customers should inform their companies that they will continue to use the Boeckh Evaluator for the first portion of 2003, until the CQ-MS-CIM-Data Solution is put in place.