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NEWS AND PR LIST › EVENTS › MEDIA RELATIONS ›                   NEWS AND PR - Keeping Current with Events BACK TO MAIN NEWS AND PR LIST For more information contact: Angie Tavarez JVI Appraisal Division, LLC 951 Market Promenade Avenue Suite 2101 Lake Mary, FL 32746 Phone: (407) 531-5333 atavarez@jvireo.com FOR IMMEDIATE RELEASE AMERIBID SELECTS BIOWRAP AS COST EFFECTIVE MANAGEMENT TOOL FOR INTELLECTUAL PROPERTY Las Vegas, NV. (December 4, 2008) - AmeriBid announced today they have chosen to enroll all of their employees on BIOWRAP™ as a cost effective management tool for corporate intellectual property. The use of this software allows AmeriBid to operate with the highest level of assurances that files created by every employee are authentic, secure and have true audit capability, making these files truly authentic AmeriBid files. AmeriBid employees can create verifiably secure, authenticated and accountable electronic files by entering a username, password and a fingerprint. The recipient of a BIOWRAP file will know that only an AmeriBid employee could create the file and that the file has not been altered. Sophisticated layers of protection are embedded into every file to ensure the integrity of the file and its' associated Accountability Reports. AmeriBid employees will also have access to real-time Accountability Reports, a comprehensive tracking management tool that is capable of tracking all individuals that have viewed AmeriBid files. BIOWRAP is ideally suited for any types of files that corporations want the highest level of assurances that they will remain intact. Examples include portfolio tapes, accounting spreadsheets, legal documents, sensitive corporate documents, marketing plans and human resources documents. In addition to their own employees, AmeriBid has taken an additional step and is requiring that all of their appraisers operate on the BIOWRAP platform. This step demonstrates their commitment to the best practice of security and management of AmeriBid valuations, furthering their dominant position in the competitive accelerated asset disposition marketplace. According to AmeriBid CEO Larry Latham, "AmeriBid believes in the integrity of our intellectual property and the need to preserve it in its original created format. BIOWRAP allows our employees to preserve documents in their original created format and then share them with others without fear of having our information altered or changed. The audit trail is preserved and reports are available for legal documentation. Our additional step of requiring our appraisers to BIOWRAP their appraiser reports simply means that we expect from our appraisers what we expect from our employees - authentic and accountable AmeriBid information." About Biometric Management Systems Biometric Management Systems, LLC (BMS) develops and implements innovative software solutions that are driven by biometric technology. The advanced biometric technology that is the basis of BMS's solutions makes possible limitless customized security/accountability system configurations that are both state-of-the-art and affordable. Founded in 2005, BMS is headquartered in Lake Mary, FL and operates worldwide. For more information on BMS, please visit www.biometricwrap.com About AmeriBid AmeriBid's model will provide multiple solutions and proven exit strategies nationwide to institutional owners of financial and real estate portfolios. AmeriBid expects to service the accelerated asset disposition needs of financial institutions, government agencies, REITs, hedge funds and bankruptcy courts. AmeriBid has offices throughout the United States in Las Vegas, Dallas and St. Augustine with plans to open four additional offices in 2009. AmeriBid professionals contribute strong operational and technical abilities with extensive experience with financial institutions and real estate businesses. Its group has worked for HUD, Fannie Mae, FDIC, RTC, GSA, VA and hundreds of lenders across the country. To learn more about AmeriBid's national expertise and The AmeriBid Method, go to www.AmeriBid.com or contact Louis Fisher, President of AmeriBid, LLC at Tel: 954.931.0592, or Email: louis@ameribid.com. BACK TO MAIN NEWS AND PR LIST About JVI JVI Appraisal Division, LLC is a full-service valuation company with a host of traditional and non-traditional appraisal products. JVI’s purpose is to assist in solving the challenges of non-performing assets facing the lending industry today. For nearly two decades, JVI has specialized in the valuation of REO properties and large volume projects. JVI is an appraiser-owned and operated company founded in 1991 by Ron L. Nation, MAI, SRA and Chief Appraiser Herb Jourdan, MAI, SRA. With over 65 years combined experience in the valuation industry, JVI specializes in REO valuations and HUD contracts, as well as re-fi and origination. The JVI extensive experience with distressed asset and portfolio evaluations provide efficient client solutions in order to effectively manage their entire portfolio of assets. www.jvireo.com

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