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FOR RELEASE MARCH 15, 2004 Bank of America’s Community Development Banking Group Selects AssetEye Portfolio Manager to Streamline its Operations and Automate Monthly Data Collection NEW YORK, March 15, 2004 – AssetEye Inc., a leading provider of portfolio management tools for commercial real estate, today announced that the Community Development Banking Group of Bank of America (NYSE:BAC), is deploying the AssetEye Portfolio Manager in its nationwide offices, as well as that of its third-party property managers. Bank of America operates the oldest, largest and most productive bank-owned community development corporation (CDC) in the country, investing in projects that target neighborhood development and affordable multifamily housing. Bank of America’s CDC will deploy AssetEye at each of its property management sites to collect critical operating financials on a monthly basis. AssetEye’s Portfolio Manager will also store annual budgets and forecasts, providing advanced variance reporting and trend analysis. The CDC will employ AssetEye’s workflow technology to automate its monthly data collection, with customized approval levels to insure data quality. The CDC has selected AssetEye’s ASP-hosted plan. About AssetEye Inc. AssetEye (www.asseteye.com) is a provider of award-winning advanced software solutions for commercial real estate owners, advisors, asset managers, and other investors. Its flagship portfolio management solution has gained industry recognition for its ease-of-use, flexibility, and commitment to industry standards. About Bank of America Bank of America (www.bankofamerica.com) is one of the world's largest financial institutions, serving individual consumers, small businesses and large corporations and institutions with a full range of banking, investing, asset management and other financial and risk management products and services. Bank of America Corporation stock (ticker: BAC) is listed on the New York Stock Exchange. For information, reporters may contact: |
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