Press Release

ClearNow Enhances Service with Additional Features

Durham, NC, November 21, 2002 - ClearNow, Inc., the leader in easy-to-use electronic rent payments, recently enhanced its service with additional features.

ClearNow's flagship service enables property managers and landlords to collect rent via direct deposit from tenants. ClearNow automatically withdraws rent from tenant checking accounts and directly deposits it to the property's checking account. Property managers and landlords manage their ClearNow account securely online. Once logged in, they can perform a number of activities including changing lease-end dates and viewing tenant rent payment reports. "As we receive feedback from our customers, we focus on implementing features that address our customers' needs," said Justin Yung, Vice President of ClearNow, Inc.

The two primary features added are a more extensive selection of forms and a year-end tenant rent payment history. The forms section now contains all of the important forms property managers and landlords may need for enrolling additional tenants, providing information about ClearNow to tenants, and changing bank accounts. In addition to monthly rent payment histories, property managers and landlords can now view annual tenant rent payment histories. This new report provides the total amount of rent collected, number of rents processed, and service fees (a useful expense calculation for tax purposes).

With ClearNow, property managers and landlords save time, reduce the chance for late payments, and eliminate trips to the bank. As one landlord states, "ClearNow provides us with savings in time and tracking of tenants who have paid their rent. Now we can focus on marketing our properties and worry less about collecting rent."

For more information on ClearNow, please contact:
Ryowon Kim
Tel: (919) 680-4500

# # #