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MINNEAPOLIS, July 19, 2013 (GLOBE NEWSWIRE) -- Advanced Credit Technologies, Inc. (OTCBB:ACRT) announces that we have signed licensing agreements with Best Realty and Spring Side Realty. These two independent Real Estate Offices are in the Twin Cities suburbs of Golden Valley and Stillwater respectively. Both offices will be offering our TurnScor credit management software to their customers, building a pipeline of future sales within their geographic areas.
According to NAIREB (National Association of Independent Real Estate Brokers) there are over 100,000 plus independent Real Estate Brokers and Agents across the country. This represents an enormous opportunity as it relates to the retail and wholesale verticals.
With the economy growing at a slow pace and JOB opportunities still not rebounding as well as expected the credit market remains tight. Potential homeowners now must have a "mid-score" at 640 to qualify for traditional lending. This means that there are millions of Americans who want to purchase a new or existing home but are being stopped by a sub-par credit score.
Based on our initial launch results, the company has determined that a 1% market share is feasible and attainable as we expand our awareness and marketing efforts in the near future. Nine out of ten Real Estate offices currently don't have a credit management solution in house for their geographic area. The cost effectiveness and efficiency of the software creates a mutual benefit for consumers and Realtors alike.
TurnScor as a "value added service" will undoubtedly bring in additional referrals and build "brand loyalty" to each of these Real Estate offices as well as our product. By simply adding our software into their existing sales and marketing budget for $395.00 per month it is very easy for the Broker to get on board with this forward thinking software. They get unlimited use of our credit repair platform and allowing the customer to use a life changing credit management software program with a retail value $399.00 for no charge since it is absorbed at the broker level. This is a great way to separate a Real Estate Office from its competitors. J.R. Venegas (Broker at Best Realty) stated, "TurnScor not only gives us a competitive advantage, but it also is a great recruiting tool for other agents to join our company." We like having an easy to use product (TurnScor) to compete with the larger companies with greater marketing and visibility. It's RESPA compliant and easy to use.