MultiChannel Ventures Launches FOR THE TENANT.COM
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[June 21, 2004]

MultiChannel Ventures Launches FOR THE TENANT.COM

ORLANDO, Fla. --(Business Wire)-- June 21, 2004 -- - Media and technology entrepreneur Michael Gerrity, Chairman of MultiChannel Ventures is pleased to announce the launch of their latest web based enterprise, FOR THE TENANT.COM(TM).

FOR THE TENANT.COM(TM) is the Internet-based B2B office space procurement platform for corporate business owners. In short, FOR THE TENANT.COM(TM) helps corporate tenants negotiate for lower overall occupancy costs and more flexible contractual terms by using an auction process with landlords over the web, similar to the LendingTree(R) model, only applied to office space procurement.



"FOR THE TENANT.COM(TM) collects a commercial tenant's office lease or purchase requirements (i.e., square footage requirements, occupancy dates, layout, parking, voice, data, vendor and customer proximity needs, etc...) and creates a bidding environment for those requirements with applicable landlords/sellers and vendors in the appropriate local marketplace. The FOR THE TENANT.COM(TM) marketplace encompasses most commercial real estate categories, including office, warehouse and retail space," stated Michael Gerrity.

FOR THE TENANT.COM(TM) allows a tenant to receive multiple office lease proposals and offers in response to a single tenant request. This enables the tenant to compare, review, select and proceed to negotiate their transaction through FOR THE TENANT.COM(TM), with the winning bid from a particular landlord offering the best rental rates, terms and conditions for the tenant. Unlike many commercial real estate brokerage firms, FOR THE TENANT.COM(TM) does not represent any landlord in any market across the U.S. By exclusively representing the tenant's agenda in this process, rather than the landlord's, any possibility for a conflict of interest is prevented.



FOR THE TENANT.COM(TM) is a fully licensed real estate brokerage whose partners are responsible for over $250 million in lease/purchase transactions, from technology start-ups to law firms to Fortune 500 companies like GE, Universal Studios, Sverdrup Engineering, Cincinnati Bell, FiServ, Bell Atlantic, National Freight and AMNEX. FOR THE TENANT.COM(TM) has over 40 participating affiliate commercial real estate brokers in their national network to handle any tenant's needs throughout North America.

FOR THE TENANT.COM(TM) is a wholly owned subsidiary of MultiChannel Ventures, LLC (www.MultiChannelVentures.com) which is an owner and operator of a broad range of video programming, broadband distribution, interactive services, e-commerce and communications businesses. MultiChannel Ventures is a privately held company that is headquartered at Universal Studios, Florida.

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