news RELEASE

PropertyBridge Executive to Present at 2008 NAA Education Conference & Expo

Oakland, CA – June 23, 2008 - PropertyBridge, Inc., a MoneyGram company, and the leading provider of electronic payment services to the residential real estate management industry, today announced that Jason Gardner, VP of Business Development, will present at the National Apartment Association (NAA) Education Conference & Expo in Orlando, Florida on Friday, June 27th at 8:00 a.m. Mr. Gardner will speak on the panel “Choose Wisely, Spend Sensibly: How to Implement Internet Technology Projects That Help Your Residents AND Your Bottom Line.” The panel, moderated by Steve Lefkovits of Joshua Tree Consulting, will also feature executives from Yardi Systems, Inc. and Realty DataTrust/VaultWare.

PropertyBridge will also exhibit at the exposition at booth #800. Company representatives will be available to answer questions about its electronic payments platform, and the newly announced rate program in partnership with MasterCard® Worldwide (Booth #1635).

All visitors to the PropertyBridge booth will also be entered to win $2,500, plus a $500 donation to the Red Cross, in partnership with technology partners RentGrow, Capture the Market, Spherexx and VaultWare. MasterCard gift cards will also be given to attendees who present a special coupon at the PropertyBridge and MasterCard booths.

The NAA 2008 Conference & Expo is being held June 26th-28th at the Gaylord Palms Resort & Convention Center in Orlando, Florida. The NAA Conference & Expo is the largest national trade show in the multifamily industry. More information about the NAA Education Conference and Exposition, including sessions, workshops and exhibitors, is available at http://www.naahq.org/events/ece/Pages/default.aspx

About PropertyBridge, Inc.

PropertyBridge, a MoneyGram Company, is the leading electronic payments processor for property managers and real estate owners in the multifamily housing industry. The PropertyBridge Payments Platform enables residents to pay rent and other lease-related transactions using multiple payment types, including credit and debit cards, Automated Clearing House (ACH), check scanning (Check 21/ARC), cash payments at MoneyGram agent locations, online bank bill payment, and lockbox services. PropertyBridge’s rent payment solutions are fully integrated with the accounting systems and business processes of property management firms. Residents can pay rent online, by phone or in person and set up recurring payments. The company collaborates extensively with financial services leaders including Visa USA, MasterCard, Discover Financial Services, American Express, Wells Fargo Bank and First National Bank of Omaha. MoneyGram, Inc. acquired PropertyBridge in October 2007.

Contact

Peter Mansfield
Vice President of Marketing
pmansfield@propertybridge.com