NEW YORK, April 23, 2001 (PRIMEZONE) -- MonsterDaata, Inc. (OTCBB:MSRD), an information infrastructure utility company, announced today that it has teamed up with the nation's largest homebuilders' consortium, Builder Homesite, Inc., to provide its NewHome Source service with MonsterDaata's leading community information.
Builder Homesite, an eBusiness consortium, is a premier Internet destination for the new home marketplace, developed by the largest homebuilders in the U.S. Initially formed by Centex Corporation (NYSE:CTX), D.R. Horton, Inc. (NYSE:DHI), Kaufman and Broad Home Corporation/KB Home (NYSE:KBH), Lennar Corporation (NYSE:LEN) and Pulte Homes (NYSE:PHM), the consortium currently hosts 10 of the top 15 national homebuilders as members and equity partners.
"As the nation's largest provider of new home communities and listings, NewHome Source requires substantial breadth and depth of information," says Tim Costello, Chief Executive Officer of Builder Homesite. "We needed a data partner that can span hundreds of markets and drill down into each one of them with equal effectiveness. That's why MonsterDaata is such an important business partner to Builder Homesite and our NewHome Source product."
Under the agreement, MonsterDaata will provide its comprehensive community information on neighborhoods to Builder Homesite's industry leading database of new homes. MonsterDaata's digital content will assist in the consortium's thousands of new home purchases with its library of over 3.5 billion records throughout the United States, providing related information on demographics, cost of living, quality of life, crime and consumer behavior.
"Our relationship with Builder Homesite affords us the incredible opportunity to provide our leading digital content directly to the nation's top home builders and millions of new home buyers," says Samuel Petteway, President and CEO of MonsterDaata. "This is a very prestigious account for MonsterDaata. The six-figure contract with Builder Homesite will cover the next two years with variable rates and significant up-sale potential to become even more lucrative. It is proof positive that the leaders in this industry know that we alone are able to provide the most comprehensive new housing and neighborhood information available today."
About Builder Homesite, Inc.
Founded in the spring of 2000, Builder Homesite is funded by the following top national builders: American Heritage Homes, Beazer Homes USA, Inc. (NYSE:BZH), Centex Corporation (NYSE:CTX), D.R. Horton, Inc. (NYSE:DHI), David Weekley Homes, Del Webb (NYSE:WBB) Gateway Homes, Highland Homes, Hovnanian Enterprises, Inc., KB Home (NYSE:KBH), Lennar Corporation (NYSE:LEN), M.D.C. Holdings (NYSE:MDC), Medallion Homes, Morrison Homes, Orleans Homebuilders (AMEX:OHB), Pulte Homes (NYSE:PHM), Ryan Building Group, The Ryland Group, Inc. (NYSE:RYL), Schuler Homes, Inc. (Nasdaq:SHLR), Sivage Thomas Homes, Toll Brothers (NYSE:TOL) and Weyerhaeuser Real Estate (NYSE:WY). Builder Homesite will serve the interests of new homebuilders by providing products, tools and services that make finding, owning and living in a new home easier, simpler and more convenient. The company is headquartered in Austin, Texas.
About MonsterDaata
MonsterDaata, Inc. (www.monsterdaata.com) is an Internet information utility company that has developed advanced data compilation, transformation and delivery technology designed to transform and distribute significant amounts of information from disparate sources for a number of business verticals and professionals. The company derives revenue through the distribution of content and applications solutions in a highly customizable, flexible manner. These products are designed to enable businesses to easily aggregate, analyze and distribute customized, industry-specific content in order to better drive their sales and marketing programs, increase revenue and traffic and reduce transaction costs.
The statements contained in this release which are not historical facts contain forward-looking statements with respect to events, the occurrence of which involve risks and uncertainties, including, without limitation, the risks and uncertainties detailed in MonsterDaata's Securities and Exchange Commission filings.