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November 2008

For Immediate Release:

Lasso Data Systems Real Estate Software Selected by Porto Montenegro Project


Vancouver, Canada - (November 19, 2008) – Lasso Data Systems, a leading provider of Customer Relationship Management (CRM) solutions for the real estate industry, has announced that Adriatic Marinas Inc., a developer of world-class marinas, has selected Lasso CRM for Porto Montenegro (www.portomontenegro.com). The Montenegrin company, Adriatic Marinas, majority owned by Canadian, Peter Munk, is the master developer of the 24-hectare luxurious waterfront community.

“Our team considered several CRM options and determined Lasso to be the best CRM solution,” stated Paul Jessup, Sales and Marketing Director for Porto Montenegro. “Lasso is uniquely designed for Porto Montenegro’s luxury residential offer because its deep functionality ensures we can deliver the personal service our prospects and clients deserve. In addition, Lasso’s user friendly system allows us to train our team and scale our servicing platform quickly.”

Located in the Bay of Kotor, neighboring the most beautiful cruising grounds in the Mediterranean – those of the Adriatic, the Porto Montenegro project will include a super yacht marina for more than 650 yachts providing a safe haven for ships of all sizes and designs, with 150 berths being over 30 metres – one of the largest in the world. The first phase of the Porto Montenegro community will include 250 Mediterranean designed marina residences, and a reputable five star Mediterranean hotel, situated in the town of Tivat. The historic development site will also include a conference centre, a market square, art gallery, museum, sports complex and 10,000 square meters of retail space.

“As we expand our global footprint we are extremely pleased to provide our CRM software services to one of the most prestigious development projects in Europe,” explained Dave Clements, Lasso CEO, “We look forward to working with the Porto Montenegro marketing, sales, and administration teams to help this beautiful community become a huge success.”

Upon project completion in 2010, Montenegro is expected to create approximately 6,000 new jobs within the navigation center in Tivat. According to an article published on Visit-Montenegro.com, Mr. Munk envisions Montenegro as becoming the world’s most famous destination for navigation tourists and Porto Montenegro as the number one tourism center in the Mediterranean.

About Lasso Data Systems:
Lasso Data Systems Inc. is the leading developer and marketer of innovative “on-demand” Customer Relationship Management (CRM) software for the worldwide real estate market. Lasso helps real estate developers, builders and sales agencies sell their developments faster and easier with controlled sales velocity. The company’s software manages potential homebuyers online from interest list to occupancy including sales, inventory and contract management. Lasso works equally well for diverse developments from urban high-rise to suburban townhomes, single and master planned communities, golf, mountain and ocean resorts and condo-hotels. Lasso, currently deployed on over 550 projects globally, is designed for ease of use, rapid deployment and pay by usage to maximize each client’s ROI and reduce their technology and financial risk. Lasso is a privately held company headquartered in Vancouver, BC, Canada.

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Contacts:
Carol Ruiz, VP Public Relations
Red Rocket LA
cruiz@redrocketla.com
310.841.0994 Extn: 118

Dave Clements, Chief Executive Officer
Lasso Data Systems Inc.
dclements@lassodatasystems.com
866.526.9955 Extn: 8565
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