PM Online Ltd., completes live testing phase of the “PM ONLINE E-COMMERCE SYSTEM” with
STERLING SILVER PROPERTY MANAGEMENT

For Immediate Release, February 12, 2001

Toronto, ON – PM Online Ltd. a provider of e-commerce software for landlords, property managers and suppliers in the multi-unit residential property management industry, announced today that the company successfully launched the latest “live” version of its E-commerce data base management software system through the PM Online Exchange.

The “real live” transactions originated with Sterling Silver, a Toronto based Property Management company, who using the PM Online system, exchanged data over the Internet with Jomar Electric a leading wholesale supplier of electrical products to the commercial property management industry. Jomar Electric, a PM Online enabled supplier, received an electronic order from Sterling Silver.

The PM Online system can successfully populate a substantial range of data fields for suppliers and landlords, including: building codes; building specific suites; customer address and phone numbers; supplier ID and names; delivery date and addresses; cost of the products; supplier SKU number product description; quantity; unit of measure; unit price; sub-total; delivery, handling and finance charges; and final cost of all items.

"The Sterling Silver transactions mark the end of our testing phase, and the beginning of our daily transactions on the PM Online Exchange," said Ward Sullivan, President of PM Online. "These live field tests demonstrate how landlords and suppliers can share information in real-time using the Internet. Our clients are very excited about using the system and saving money on not only the cost of the purchase but the cost of the purchasing task.”