SOURCE: Virtual Premise, Inc.

Virtual Premise, Inc.

June 27, 2011 14:30 ET

Virtual Premise Formalizes Mission Statement and Plan for 2011-2012 Customer Advisory Committee

Members Contribute Corporate Real Estate and Retail Real Estate Expertise to Help Ensure Virtual Premise Solutions Meet the Needs of Customers

ATLANTA, GA--(Marketwire - Jun 27, 2011) - Virtual Premise, a leading Software as a Service (SaaS) provider of real estate information management solutions, today announced that it has formalized the roles and responsibilities of its Customer Advisory Committee following a planning session held at the Virtual Premise customer conference, VP|Connect 2011, last month in Atlanta. As a Customer Advisory Committee member, participants, who represent a wide variety of VP's more than 250 customer companies, are tasked to provide strategic guidance to Virtual Premise on its offerings, which helps determine how the company serves the needs of its customers.

The Virtual Premise Customer Advisory Committee is a select group of current customers who have three primary responsibilities: provide valuable feedback on VP's offerings before they are launched to the market, influence the strategic direction of VP's product roadmap and share ideas to help peers derive maximum value from their VP investment. The Virtual Premise retail and corporate real estate management solutions each have a dedicated advisory group.

"Members of our Customer Advisory Committee are customers who set the standard for deriving value from Virtual Premise based on their strategic thinking around managing their real estate portfolios," said Andy Thomas, president and COO at Virtual Premise. "By working closely with committee members, we'll continue to increase our understanding of the problems and issues our customers face, ensuring our product direction and service delivery exceed customer expectations."

Based on a framework established at VP|Connect 2011, Virtual Premise Customer Advisory Committee members will meet quarterly over the next 12 months to participate in prototype reviews, influence the features included with enhancements, advise on service delivery and make recommendations to the product roadmap.

About Virtual Premise
Virtual Premise, Inc. is a leading SaaS provider of real estate information management solutions for corporations, retailers, restaurants, landlords and commercial real estate service providers. With Virtual Premise, companies have a smart, easy way to collect, manage and report on complex real estate information from anywhere, at anytime. Virtual Premise technology solutions include strategy and analytics, portfolio management, lease management, lease administration, project management, transaction management, and document management. Virtual Premise also offers a wide range of supporting services to include lease abstracting, document management services, data validation, due diligence support, and best practices consulting. In addition, the company is taking a thought leadership role in preparing its solution for the upcoming FASB lease accounting changes. For more information, call 404-267-1781 or visit www.virtualpremise.com.

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