Global Positioning System is targeted for real estate agents.

Press Release Summary:



WayPoint Pocket Real Estate Edition combines turn-by-turn spoken directions with complete database access to agent's multiple listing service. Doubling as Windows Mobile PDA, unit includes built-in calculator for mortgage, loan, home equity, loan balance, rent-versus-own analysis, and loan amortization. Quick search can locate properties by MLS number or address. Other capabilities include market statistics, hot sheets, contact management, and prospect/client profiling.



Original Press Release:



Mobile Crossing Announces New GPS for Real Estate Agents



SUNNYVALE, Calif., Feb. 2 / -- Mobile Crossing and Pocket Real Estate are teaming up to provide the industry's first GPS navigation system with functionality designed for Real Estate Agents. Thanks to technology from Pocket Real Estate, Mobile Crossing's new WayPoint Pocket Real Estate Edition combines turn-by-turn spoken directions with complete database access to the agent's multiple listing service out-of-the-box.

In addition to providing driving directions to the agent, the WayPoint device doubles as a fully featured Windows Mobile PDA organizer.

This new edition of the WayPoint includes built-in mortgage, loan, home equity, loan balance, rent-versus-own analysis, and loan amortization calculators. The new QuickSearch function can locate properties by MLS number or address. The agent can queue up a number of properties at once and generate driving directions for the complete property tour. Price, location, bed, bath and other data from the MLS are provided on the screen. In addition, complete area maps allows the agent to quickly zoom out and preview an entire neighborhood before the client.

Other key real estate capabilities of the WayPoint Pocket Real Estate edition include market statistics, hot sheets, contact management and advanced prospect/client profiling. All the functionality that normally comes with the latest edition of the WayPoint remains accessible, including real time weather and traffic, access to the national maps and the ability to hold entire regions of the United States onboard without any additional memory cards.

"Mobile Crossing plans to sell this special edition of the WayPoint directly to interested real estate agents. We are open to offering the product at lowered introductory prices through real estate boards," said Calvin Chu, Product Manager for Mobile Crossing. "The combined WayPoint and Pocket Real Estate Package offers customized features not available on any other mobile device. It is not only an advanced GPS, but it can be used as an MP3 player, e-Book reader, photo viewer and more without having to install any software."

"The WayPoint Pocket Real Estate edition literally changes the way real estate is conducted because it gives agents an incredible competitive advantage having MLS listings in their pocket updated daily," said Erick Kaneshige, President of Pocket Real Estate. "The system puts the agent in control. It gives them the ability to answer client's questions immediately and to complete those 'to-do' items now instead of adding them to a 'to-do' list to be completed later."

More information about the WayPoint Pocket Real Estate edition may be found on the Mobile Crossing web site.

Suggested retail price is $799.99. Mobile Crossing's products are available at retail outlets or on-line at mobilecrossing.com.

About Mobile Crossing
Mobile Crossing, founded in 2004, is a privately funded Silicon Valley company that develops advanced Global Positioning System (GPS) navigation devices designed to meet the mobile travel and navigation needs of people who desire a navigation system that can be moved from one vehicle to another or carried for recreational use.

Mobile Crossing is located at 1230 Oakmead Parkway, Suite 304, Sunnyvale, CA 94085-4028/ Latitude: 37.386635, Longitude: -121.993258. Phone is 408-738-8816.

About Pocket Real Estate
Pocket Real Estate develops software and solutions for mobile devices, including, Pocket Real Estate and Pocket Real Estate Wireless, the leading software application and service to access MLS information on mobile phones and handheld computers. Pocket Real Estate and Pocket Real Estate Wireless are compatible with most major MLS systems and are available to over 500,000 real estate agents throughout the United States, Canada, the Virgin Islands and Guam. For more information, visit the company's web site at PocketRealEstate.com

CONTACT: Calvin Chu of Mobile Crossing, +1-408-738-8816, ext. 102, or cchu@mobilecrossing.com

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