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New Boston Fund Selects Metropole360 for Online Property Marketing and Management Tools

Metropole360 to Provide A Fully Integrated Transaction Management Solution for New Bostonís Properties Nationwide

NEW YORK, NY AND BOSTON, MA (November 4, 2002) -- Metropole Worldwide LLC, a leading provider of real estate transaction and marketing tools and the New Boston Fund, Inc., a premier provider of real estate investment services, announced today that New Boston would be utilizing Metropole's end-to-end online marketing platform to help promote its properties.

New Boston Fund's entire real estate portfolio will be linked to the Internet by centralizing all of its listings within the Metropole360 Brochure Builder platform.  Using the Metropole360 platform, New Boston's property managers can create and publish 360° interactive property brochures within minutes.  In turn, these brochures are automatically integrated into New Boston's corporate website and Intranet and distributed to its client database via powerful e-mail direct marketing features.  Within minutes of a space becoming available, prospective clients can search for the listing on New Boston's site or see an interactive listing of the property in their inbox and request more information - streamlining the communication between ownership and their prospective tenants.

"We anticipate that Metropole360's Brochure Builder platform will change the way we market our properties," says Gary Hofstedder, Senior Vice President and President of New Boston Management Company, New Boston Fund, Inc.  "By shortening our sales cycle in this way, and reaching a greater audience, we can continue to generate superb risk-adjusted rates of return for our investors."

"Brochure Builder will enable the onsite management of New Boston Fund to create an online brochure, complete with 360° or still photos, floorplans, and listing information, and rapidly make it available to their prospects," says Robert Siegel, Chief Executive Officer, Metropole Worldwide.  "New Boston Fund Inc. property managers can reach more potential buyers quickly and provide comprehensive information, dramatically reducing due diligence costs and time commitments."

About Metropole Worldwide

Metropole Worldwide, LLC (http://www.Metropole360.com) is a leading provider of transaction management solutions to the commercial real estate industry.  Founded by industry professionals, Metropole's online workflow tools and 360° imaging systems simplify real estate marketing and management.  Using Metropole360's Brochure Builder system, interactive property brochures can be created within minutes of opening an account, and no experience or special knowledge of computers or the Internet is necessary. Premier brokerage firms, property management companies, construction companies and global retailers including CB Richard Ellis, Link-Nexus, Movado Watches, E-Trade, and H&H Construction, use Metropole's solutions.  Metropole's revolutionary product offerings combine the latest in Nikon digital photography, an innovative lens for capturing 360° views with one-click, and a proprietary online property marketing system.  Metropole Worldwide, LLC is based in New York City and is a Nikon, Inc. value-added reseller.

About New Boston Fund

Based in Boston, New Boston Fund is one of the fastest growing private real estate investment, development and management firms in New England. Founded in 1993 by the Rappaport family of Boston, New Boston Fund owns and manages more than 10 million square feet of commercial real estate, including more than 300 acres of developable land, worth in excess of $1.2 billion. 

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Press Contacts:

Jeff Greenholtz: (212) 980-2427  / jgreenholtz@metropole360.com

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