Plano, TX — January 8, 2007 — Lucernex Technologies announced today that it has released a new version of its Real Estate Lifecycle Management product, LucernexERP, to address the unique needs of the hospitality industry. This represents the continuation of the company’s multi-vertical business mission, by successfully expanding into this high-growth category.

Mike Nuzum, Chairman and CEO of Lucernex Technologies stated, “As the hotel industry continues to build momentum in 2007, Lucernex Technologies can improve the ability of hospitality developers to find the right locations and manage the entire real estate development lifecycle. Our product is designed for industries experiencing large growth in their real estate development programs, and with the additional analytics now available in our product, we are perfectly positioned to support the hospitality industry in 2007.”

Additional features in the 4.0 release include the previously announced integration with Prediction Analytics’ Retail Performance Modeling (RPM) product. Prediction Analytics is a wholly-owned subsidiary of Experian Business Strategies. The integration adds cutting edge predictive modeling capabilities throughout the application, significant improvements to the cost management features and a significant increase in flexibility and performance for end-users.

Louise Mailloux-McBurnett, Vice-President of Product Development stated, “Our objective for this release was to expand our platform to support industry verticals that own or manage significant real estate assets - and we have accomplished that very successfully with the 4.0 version of LucernexERP.”

About Lucernex Technologies & Lucernex ERP
Founded in 2000 Lucernex Technologies is a specialized software firm that develops web-centric information and process management applications. Their flagship software platform, LucernexERP, has proven to substantially decrease site and project costs and shorten project delivery times. An integrated platform, LucernexERP allows retailers the ability to rapidly identify, select, acquire, design, construct, open and manage new locations more efficiently and effectively. Key features include workflow, scheduling, budgeting and document management delivered in a highly collaborative, real time application.