Business Editors/Real Estate Writers

SUNNYVALE, Calif.--(BUSINESS WIRE)--April 17, 2002

Lease Cost Solutions Inc., a California based software development firm, today announced the release of a new line of lease analysis tools for corporate real estate managers and commercial real estate brokers.

NEW PRODUCTS:
           LseMod Tenant Rep,
           LseMod Industrial Tenant Rep,
           LseMod Sublease,
           LseMod Landlord and
           LseMod Buy (for a lease vs. buy analysis).

The new products focus on Cash Flow analysis and NPV. With their addition, LseMod now provides the most comprehensive lease analysis tools available for both commercial real estate brokers and corporate real estate managers.

James Duport, the developer and a 19-year veteran Fortune 500 corporate real estate manager, said, "LseMod was originally written in 1989 to create capital budgets for field office relocations. Since that time we have discovered a need for a simple, yet sophisticated tool for commercial real estate lease analysis. LseMod is lease modeling made easy - easy to use, easy to understand, and easy to explain."

When asked why develop new products, Duport responded, "Our original products were for corporate real estate mangers, our new products expand our offerings to include the service provider side of the industry. For instance, LseMod Industrial Tenant Rep is the only product on the market that allows a comparison of not just rent, but also includes metrics such as clear height, dock doors, column spacing, etc."

LseMod is the premier lease analysis program to compare multiple properties (lease and buy), subleases, and occupancy scenarios/consolidations. Written in Excel, LseMod will save user's time and money, while the reports will impress clients and management. LseMod is available either as a desktop program or can be used on the web in a joint venture with Personable.com, a Los Angeles based application service provider.

Lease Cost Solutions also announced they have updated their flagship products, LseMod Pro v7.2 and LseMod Corporate v7.2 with additional features. Unique to LseMod Pro is the ability to analyze and compare international lease transactions in any local currency (for example Euros) with a summary in U.S. dollars. Note that LseMod is not a lease administration/portfolio management program for tracking critical dates and contacts, but a capital budgeting and a tactical decision analysis tool.

Incorporated in 1996 and headquartered in Sunnyvale, California, Lease Cost Solutions Inc. develops and markets software solutions for the commercial real estate industry. For more information about LseMod and Lease Cost Solutions, contact the company at 408-253-4067 or visit the web site at www.LseMod.com.