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FOR IMMEDIATE RELEASE
Contacts:

 Scott Carpenter
Clarke Adv. & PR
(941) 365-2710
Bob Milhoan
HandySource
(941) 795-4760

INDUSTRY LEADER HANDYSOURCE PROMOTES FOUR PERSONNEL TO SENIOR LEVEL POSITIONS

BRADENTON, Fla., August 3, 2000 - John Lie-Nielsen, chief executive officer, HandySource.com announced today the promotions of Patrice K. Coral to vice president, Client Services; Larry Kratz, regional director, Technology Solutions; Bob Milhoan, vice president, Marketing Communications; and Eric Price, senior software engineer. Each will perform their duties for the company's HandySource and HandyTrac products.

The HandySource Internet portal is a bid and purchase e-commerce Web site targeted specifically to the multi-housing and commercial segments of the real estate industry. The virtual marketplace enables subscribing members to streamline and manage purchasing activities for Maintenance, Repair and Operations (MRO) supplies, as well as bidding and contracting for services, through the convenience of the Internet.

Ms. Coral, vice president, Client Services, will be responsible for overseeing the installation of national customer service strategies and programs for the company’s new business-to-business e-commerce site. With more than 20 years of property management experience, she has served as president of a property management company and directed apartment and commercial management, implemented industry-related software programs and managed new construction projects. Coral, who works out of the company's Atlanta office, is married and has three children.

Kratz, regional director, Technology Solutions, will be in charge of cultivating relationships with new customers and generating sales for the company's new virtual marketplace on the Internet. His territory includes the continental United States minus the six regional areas (Atlanta, Chicago, Dallas, Phoenix, San Francisco and Washington) where the company plans to have an office. Prior to joining the company in April 1999 as a systems consultant, he worked for Nextel Communications and AT&T. Kratz has a Psychology degree from Syracuse University. He is a member of the Bay Area Apartment Association, Tampa. Milhoan, vice president, Marketing Communications, will be responsible for implementing advertising, marketing and public relations programs that effectively promote the company's mission, products and services. A communications veteran of 20 years, he served as project manager for the company's new bid and purchase e-commerce initiative.

Milhoan's background includes marketing programs for industrial, service, manufacturing and retail firms. He received a Mass Communications degree from the University of South Florida. He is married and has one son.

Price, senior software engineer, will be responsible for designing and developing software applications that help streamline the entire internal and external procurement cycle for the company's e-commerce Internet site. He joined the company in early 1997 after working as a technical consultant for a small computer firm in Sarasota, Fla. During his 10-year career, he has gained extensive experience in Web applications (HTML and ASP), operating system applications (Windows, NT and Dos) as well as networking technologies. He and his wife, Stephanie, live in Bradenton.

HandySource.com is a business-to-business e-commerce bid and purchase portal for the multi-family and commercial industries. The company was formed in 1999 as a sister company to HandyTrac Systems, Inc., a leading supplier of computerized key control systems to the multi-housing industry. The company's corporate office is located in Bradenton, Fla. It also has a regional support / training center in Atlanta, Ga. with an additional five centers (Chicago, Dallas, Phoenix, San Francisco and Washington) planned throughout the United States.



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6620 Cortez Road West
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