Most Home Corp. Enters into Letter of Intent With DataVision to Sell Netupdate

Most Home Corp. announced it has entered into a non-binding letter of intent with DataVision Inc., of Mishawaka, Indiana, to sell all or substantially all of the operating assets of its wholly owned subsidiary, Netupdate Inc., a developer of leading technologies for mortgage lenders.

The parties to the letter of intent expect to enter into a definitive agreement, subject to customary due diligence, on or about January 1, 2009. The sale of Netupdate is expected to be structured as a three year arrangement that calls for monthly payments, based on a percentage of gross revenues earned by the Netupdate operations, with a minimum cumulative payment of $500,000.00 over that period. Further details of the transaction will be released if and when a final agreement is signed.

“Most Home is pleased to have its Netupdate operations acquired by DataVision,” stated Ken Galpin, CEO of Most Home Corp. “As a market leader, DataVision has a strong reputation for customer support and satisfaction that we believe will be further strengthened by the acquisition of the Netupdate operations.” He went on to say that, “The economic climate has changed significantly since Most Home acquired Netupdate and it is imperative that we respond effectively to these realities. With this combination we are confident that DataVision is positioned to deliver even stronger value to the Netupdate customers as we focus our attention on the wireless side of our business for the real estate industry.”

Most Home advises that the sale of Netupdate Inc. is part of a larger strategy to strengthen the company’s balance sheet and better focus on its core strengths. Most Home is examining several other opportunities and may seek to dispose of additional assets apart from its wireless operations.

Most Home Corp, through its wholly owned subsidiary Most Home Real Estate Services Inc., provides leading real estate and mortgage organizations with private label online customer service solutions that empower today’s real estate consumer with powerful information gathering tools and enable more extensive and profitable business relationships between real estate professionals and their clients. Since 2001, Most Home has processed more than 3,000,000 online consumer inquiries on behalf of some of the nation’s leading real estate firms and professionals. We work on behalf of our clients to identify more buyer and seller prospects, enhance the consumer experience with their brand, and maximize their online marketing investment. For more information, please visit www.mosthome.com