SMS, Settlement Services, Inc. Acquires Tacoma-Based

January 14, 2002

Software Provider InfoStream, Inc.

ORANGE, Calif., January 14, 2002 ? SMS, Settlement Services Inc has acquired InfoStream, Inc. of Tacoma, WA. Terms of the transaction, which closed earlier this month, were not disclosed.

InfoStream has been providing software solutions to the escrow and title market since 1984. This strategic acquisition will provide both companies with the unique position of offering more options for title and escrow closing software . InfoStream?s premier software, StreamLine, is an integrated suite of products encompassing title production, escrow closing and trust accounting that will add to SMS? existing menu of popular and successful offerings.

"The addition of InfoStream and its StreamLine software suite provides SMS with a unique opportunity to increase market share and cross selling opportunities, while complementing our software offerings in the national market," said Larry Davidson, president of SMS, Settlement Services, Inc. "With our recent successful launch of Smart Docs, our newest escrow documentation software, we now have the widest selection of software solutions for both title operations and escrow closing operations nationwide."

SMS, serving the escrow and title industry for more than 26 years, is headquartered in Orange, Calif., with satellite offices in Tacoma, Wash., Milpitas, Calif. and Cleveland, Ohio. For additional information please visit the company?s Web site at www.smscorp.com.

Source: SMS, Settlement Services Inc


Contact ALTA at 202-296-3671 or communications@alta.org.

SoftPro, based in Raleigh, NC, offers a mature suite of products, designed specifically for the closing and title industry. Our mission is to serve our client base, with best-in-class products and services. Our products are modular so we don't force you to buy anything you don't need. You can always add on as your business grows. Unlike other software companies, we view the sale as the beginning of the relationship rather than the end. North American Title Insurance Company (NATIC) is a seasoned title insurance underwriter, helping title agents to achieve their individual business goals for more than 50 years. Today, the company conducts real estate settlement services in 39 states and the District of Columbia through a network of experienced, independent agents.