SOURCE: Rent Finders USA, Inc.

August 01, 2006 08:31 ET

Rent Finders USA, Inc. Continues to Stand Firm Against Downward Trend in the Real Estate Market

WEST PALM BEACH, FL -- (MARKET WIRE) -- August 1, 2006 -- According to the Florida Association of Realtors, home sales transactions in the RFDU's market year over year are down over 36% for the month of June, yet RFDU has seen only a modest decrease in same-store sales transactions with a reduction of only 11.5%. RFDU's total transaction volume on a same store basis (including rentals) was virtually flat with a decrease of less than 1%.

Existing home sales in Palm Beach County and the Treasure Coast posted double-digit declines for the seventh straight month, "emphatically busting a housing boom that saw sales skyrocket and prices soar from a median of $145,300 in June 2000 to more than $400,000 in just five years," according to an article in the Palm Beach Post.

"This is a strong indicator of the success of our contrarian business model's ability to buck recent trends. We are very confident that our corporate strategy will drive our sales up, despite the downward trend in the marketplace, propelling us toward our target of profitability," stated William Luckman, CEO of Rent Finders USA, Inc.

About Rent Finders USA, Inc.

Rent Finders USA, Inc. (PINKSHEETS: RFDU) ( is a full-service Real Estate Broker that specializes in residential Property Management. Rent Finders USA, Inc. opened its offices in 2001, and has quickly become one of America's fastest-growing real estate companies, successfully operating over 10 locations in New York and Florida and having completed in excess of 35,000 real estate transactions since the company's inception in 2001.

SAFE HARBOR ACT: This press release contains statements which may constitute "forward-looking statements" within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, as amended by the Private Securities Litigation Reform Act of 1995. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those contemplated by such forward-looking statements. Important factors currently known to management that could cause actual results to differ materially from those in forward-looking statements include fluctuation of operating results, the ability to compete successfully and the ability to complete before-mentioned transactions. The company undertakes no obligation to update or revise forward-looking statements to reflect changed assumptions, the occurrence of unanticipated events or changes to future operating results.

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