PRESS RELEASE

TeraVendo, Inc. will Release its Loan Origination Software, LoanAce® on August 1st, 2006.

(Bellevue, WA July 25th, 2006) – Beginning February 2005 TeraVendo, Inc. began developing a mortgage Loan Origination Software (LOS), LoanAce®. It was designed as the easy-to-use and functional LOS solution for loan originators, mortgage brokers, loan officers, and loan professionals. LoanAce® will be released and available for loan originators to download at no charge on August 1st, 2006 at www.loanace.com.

LoanAce® will be offered at no charge. “We did not feel that the profitability of LoanAce® should rest on the shoulders of hard working loan officers. That is why we are providing this fantastic product at no charge. If we, at TeraVendo, do our jobs well providing a quality product and aligning with exceptional partners like Stewart Title and HouseValues then profitability will take care of itself.” said Jeff Cunio, president.

 
TeraVendo, Inc. is dedicated to providing secure, efficient and customer-friendly software solutions to loan originators, mortgage brokers, and loan officers. Since 2005 the Company has been invested in the development of the best possible information technology solutions for the Mortgage Industry. TeraVendo’s flagship product, LoanAce® debuted on August 1, 2006 as the Mortgage Industry’s first Loan Origination Software available at no charge, and quickly catapulted the industry to a new level of productivity. LoanAce®, went beyond providing a fully functioning LOS and introduced industry-leading features, including: QuickTitle®, one click title ordering; integrated leads; and a manageable and user-friendly format. For more information, please visit www.teravendo.com.

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