Business Editors
SALT LAKE CITY--(BUSINESS WIRE)--May 8, 2003
360house.com Inc. announced today that it has completed the asset purchase of 3Dvisit, the largest virtual tour company in Canada. With the purchase, 360house.com acquires the customer base of 3Dvisit and retains all photographers of 3Dvisit as well as selected staff to manage the sales and marketing functions in Canada.
"With products that have a competitive advantage over the competition, we looked at 3Dvisit as an opportunity too good to pass up," said Glade Jones, president of 360house.com. "We have already seen in just the last couple of weeks that our product fills an existing need and is being widely accepted by real estate professionals in Canada. As an online marketing company with tools specifically built for the real estate industry, our products have proven to increase agents' ability to get more listings, sell more homes, work more efficiently and expand their market base, all results that can be quantified and measured."
Michelle Sharpe, formerly the vice president of sales for 3Dvisit and now the executive vice president, Canada for 360house.com, noted, "We have always had a great rapport with our agents because of our industry-leading products. Now we have a best-in-class product and a proven marketing and management team behind us to more fully meet the needs of our customers with our superior service, virtual tours and online marketing tools. We are energized to be with 360house.com because our team and vision fits so well with their core focus which is to 'profitably provide products and services that allow real estate professionals to target, entice, capture and convert home buyers and sellers more profitably and quickly into closed real estate transactions.' Our customers have already told us how much they love our new combined product offering and the support that we are giving them."
The acquisition also created the opportunity to have a French- speaking version of 360house.com Web site. For this purpose www.maison360.com was created to service the French-speaking community in the province of Quebec. All of the tools available on www.360house.com in English will now be available in French on www.maison360.com.
360house.com provides industry best visual marketing and effectiveness verification tools to help agents capture more listings, sell more homes, work more efficiently and expand their market base. 360house.com is a subsidiary of Xvariant Inc (XVNT BB:OTC), which also operates LeadMAXX which updates Web sites with its robust lead generation and lead qualification software, which turns anonymous Web site hits into qualified leads and sales. Based in Salt Lake City, 360house.com and LeadMAXX provide value driven, cutting-edge technology to real estate professionals across North America.
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