Centerstone Software and Virtual Premise Announce Strategic Alliance

 Integration of Centerstone’s Workplace Management platform and Virtual Premise’s

 Real Estate Management Application Creates Comprehensive Solution

 San Antonio, TX – Corenet - November 8, 2004 – CenterStone Software, Inc., the premier provider of Workplace Resource Management solutions and Virtual Premise, Inc., the leading provider of Web-based Real Estate Management solutions for corporate and retail real estate professionals, announced a strategic alliance to integrate their products and work cooperatively to provide customers an integrated, best-of-breed solution in the corporate real estate market.

 Centerstone’s eCenterOne Workplace web-based collaboration platform ties together the people, spaces, and assets throughout the workplace, creating an accurate view of an organization's real estate, facilities, space, personnel, and asset information for decisionmaking, analysis, scenario planning, and ongoing management.

 Virtual Premise’s web-based Real Estate Management solution enables organizations toeffectively manage its real estate portfolio, significantly improving the business approachand positively impacting the bottom line. In one easy-to-use solution, Virtual Premiseprovides project and transaction management, lease administration and lease management,workflow, communication capabilities and performance management.

 “We are excited about our partnership with Virtual Premise. The combination of ourintegrated solution with Virtual Premises’ real estate management application provides aunique combination of best of breed solutions across real estate and facilities,” saidAndrew. J Sherman, CEO and President of CenterStone Software. “Executives will haveone single solution for selection, acquisition and operation of their corporate workplace.Integrated solutions should be paramount in each real estate and facilities executives mindsince the increased visibility and control directly impacts a Global 2000’s operating

efficiency”.

 “Our alliance is a practical integration of workplace management and real estatemanagement solutions that are driven by the market demand for a more comprehensivesolution,” said Andy Thomas, President of Virtual Premise. “Both Centerstone and VirtualPremise offer proven products that have compatible technology, which when combinedprovide a solution that no single vendor has effectively and efficiently delivered to themarket.”

 About Virtual Premise

Virtual Premise, Inc. (www.virtualpremise.com) is the leading provider of Web-based Real Estate Management solutions for Fortune 1000 companies. The company helps corporations reduce the total cost of occupancy for their real estate portfolio by streamlining processes, improving visibility and better aligning their portfolio with corporate objectives. Solution areas include Portfolio Management, Project/Transaction Management, Lease Administration and Performance Management. In addition, Virtual Premise offers Real Estate Services related to its solutions. Founded in 1999 and based in Atlanta, Virtual Premise is a privately held corporation.

 Virtual Premise markets its products worldwide to organizations in the commercial real estate industry, including Corporate Real Estate, REITs/Landlords, Retail and Service Provider markets. Customers include McDonald’s, Genuine Parts (NAPA), Washington Mutual, Comcast Communications, Trammell Crow Company, UPS-Supply Chain Solutions and many others.

 About Centerstone

CenterStone Software, Inc is the provider of eCenter One Workplace, the #1 Enterprise Workplace Resource Management solution used by Global 2000 companies to consolidate workplace data into one centralized, web-based enterprise platform. With eCenter One, corporate managers and service providers gain real-time access to a full range of critical workplace resource data, including floor plans, real estate portfolios, equipment locations, lease information, life-safety, operations management, evacuation information, personnel locations and more. Centerstone's extensive client roster includes PeopleSoft, EMC, State Street, Aventis, Dell, Digitas, Bank of America and Pearson Education. Founded in 1999, Centerstone is located in Hopkinton, MA. For more information, visit Centerstone atwww.centerstonesoft.com.

 Centerstone media contact:

Sara Poulton
Vice President of Marketing
Centerstone Software Headquarters
spoulton@centerstonesoft.com
(508) 435.1510 x113