SiteStream goes to Eastern Europe - March 2007

SiteStream recently sold software systems to Quinlan Private Golub in the Czech Republic. Quinlan Private Golub was created in early 2006 as a joint project of Irish real estate company Quinlan Private and the Chicago, Illinois-based real estate company Golub & Company to develop residential and commercial property projects in the CEE region.

_{A Quinlan development in Prague} The software has been installed at their offices in Prague and will service Quinlan's requirements for land acquisition, budget control and sales operations throughout Eastern Europe. The sale included a number of systems to be used in Quinlan's sales offices which will span from Warsaw in Poland through Slovakia and Hungary to Sofia in Bulgaria. As well as having to cope with up to four currencies, including the Euro, the system needs to cope with local terminology and tax requirements. Malcolm Freeman, Sales Director at SiteStream, said "Our systems are designed to be multi-currency and are capable of being configured with local user-defined terminology. We use these features extensively already where we sell our systems in America and more recently in Australia". Malcolm explained "Although these countries are English speaking the terminology used in the homebuilding industry varies substantially between the different markets effectively giving each of them their own language". "We are excited to be involved in this new territory with its rapid growth and hope that this will be the first of many new opportunities for us."

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