October 5, 2009

Joseph Valeri Joins Lucernex Technologies as President

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Original Co-Founder of Business Intelligence Software Firm Rejoins Company to Lead Operations

Dallas (October 5, 2009) – Lucernex Technologies, an innovative developer of business intelligence software for real estate management and development, announced today that original co-founder Joseph Valeri has rejoined the company as president and member of the Board of Directors. In this role, Valeri will be responsible for overseeing Lucernex’s operations, strategic planning and business development.

In addition to co-founding Lucernex in 2000, Valeri was the company’s vice president of products and chief information officer (CIO) until 2004. He led the development of the original Lucernex Integrated Workplace Management System (IWMS), which is currently managing hundreds of thousands of locations in the retail, restaurant, hospitality, engineering and construction industries.

Valeri has more than 15 years of experience building and significantly growing software companies. Most recently, from 2006 to 2009, he served as vice president and CIO of Clinical Trials & Surveys Corp. (C-TASC) in Baltimore, Md., where he led the company’s transition from a pure consulting firm to a technology provider by translating C-TASC’s sophisticated capabilities into re-sellable clinical trials technology products. Prior to joining C-TASC he served as chief technology officer and head of product management for Accruent, Inc., helping spur Accruent’s rapid growth and, with his team, earning the title of Software Developer of the Year for Southern California in 2005. Valeri also spent 10 years in various management roles, including senior director of property development systems, for Marriott International.

“Joe was a key part of our original executive team and was responsible for the development of our original products, so we are excited to welcome him back to Lucernex,” said Mike Nuzum, chairman of Lucernex Technologies. “Joe’s extensive experience in our industry will benefit us tremendously as we expand on many opportunities to grow the company.”

First developed in 2000 and currently in use by numerous Fortune 500 companies, the Lucernex IWMS platform addresses the unique needs of companies with multi-site, rapidly changing real estate portfolios. The solution can be used to manage corporate real estate of any type and also offers market-specific functionality for the retail, restaurant and hospitality sectors. Available in both Enterprise and Standard versions, Lucernex IWMS 7.0 makes it possible for all real estate management resources to openly communicate and keep all projects on time and within budget. Enabling this kind of integrated communication will ultimately reduce costs, improve productivity, enhance operational efficiency and increase profitability.

“I am excited to return to Lucernex as president and drive the rapid growth we expect in the coming months. As Lucernex approaches its tenth year as an industry leader, we are discovering new opportunities for growth that never existed in the past. We will take advantage of those opportunities to again become the visionaries of our industry, paving the road for others to follow.” said Joe Valeri.

Valeri has earned a bachelor’s degree in management, an M.B.A. in finance, and a master’s degree in decision and information technology from the University of Maryland, College Park. He currently resides in Ellicott City, Md.

About Lucernex

Founded in 2000, Lucernex Technologies provides real estate developers and facility managers with powerful software tools to guide them through the real estate development process. For nearly a decade, Fortune 500 companies in the commercial real estate, hospitality, retail, construction and engineering industries, both in the United States and Europe, have been utilizing Lucernex Technologies software solutions every day to better manage the development lifecycle. As an innovative leader in Integrated Workplace Management System (IWMS) solutions, Lucernex continues to grow its customer base by applying its Web-based software expertise and real estate development insight to provide advanced tools and services for business.