SOURCE: International Smart Sourcing Inc.

July 13, 2007 08:00 ET

International Smart Sourcing, Inc. Signs Letter of Intent to Acquire Real Property Technologies, LLC.

FARMINGDALE, NY--(Marketwire - July 13, 2007) - International Smart Sourcing, Inc. (OTCBB: ISSG) announced today that it has signed a letter of intent to acquire Real Property Technologies, LLC., a privately held profitable real estate information solution company with approximately $24,000,000 in annual revenue located in Carle Place, NY.

Real Property Technologies, LLC (The RPT Group) is a New York-based limited liability company founded eight years ago as a Joint Venture between the industry's leading real estate research companies Barretta Research and Realty Skyline.

Barretta Research founded in 1976 is the household name providing municipal information to the real estate industry. This includes real estate tax information, legal occupancy reports as well as any municipal lien or violation information.

Realty Skyline, founded in 1983, provides the chain of title and lien information used by the Title Insurance industry to insure title on a property conveyance or a refinance.

Additions to this dynamic group of real estate data businesses include MuniTrax, an on-line service to governmental agencies that provides an electronic tax and municipal payment solution to their property owners using the MuniTrax proprietary software and GeoData Plus, a service that provides the most comprehensive valuation and comparable sales tool available to local realtors, appraisers, banks and real estate investors.

The RPT Group's comprehensive in-house database and proprietary technology provides the ability to quickly assess property values and marketability. These are invaluable tools that assist in the loss mitigation of non-performing mortgages and the disposition of real estate owned by institutions through foreclosure.

The RPT Group's mission is to become the leading technology and data provider to the ever growing financial and real estate-based industries. To accomplish this The RPT Group has invested millions of dollars over the past two years in new technology to reshape the company and position it for national expansion.

The letter of intent states that the Company agrees to purchase 100% of the capital stock of The RPT Group for the issuance of 40,000,000 shares of common stock of ISSI and 80 shares of Series C Preferred Stock of ISSI (the "Preferred Stock"). The acquisition is subject to the completion of a due diligence review and execution of definitive agreements.

David Hale, President of the Company, commented, "We are excited about the potential acquisition of Real Property Technologies, LLC. The RPT Group is poised for expansion and has invested significant resources in new software, hardware and systems. We believe the The RPT Group is poised to take advantage of the current real estate market and we look forward to capitalizing on this new technology and rapidly taking the business to the next level."

This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Any such statements are subject to risks and uncertainties, which could cause actual results to vary materially from those indicated. Actual results could differ due to a number of factors, including negative developments relating to unforeseen order cancellations or push outs, the company's strategic relationships, the impact of intense competition and changes in our industry.

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