eInvoicing Yields Real-Time Visibility and Better Controls at HSG

Charlotte, NC (August 19, 2009) Hull Storey Gibson Companies has selected AvidXchange and Intuit Real Estate Solutions (IRES/MRI) for their back-office platform. AvidInvoice for MRI is a web-based invoice management system designed to automate the way companies manage their accounts payable documents. The AvidInvoice module provides finance executives and AP managers with enforceable controls, powerful reporting and added "visibility" to all invoice documents in their organization while providing invoice "approvers" with features that make it easier to apply accounting codes and approve or dispute invoices.

About Hull Storey Gibson Companies

Founded in 1993, Hull Storey Gibson Companies, LLC (HSG) is a multi-faceted retail real estate acquisition, management and development company. They acquire enclosed malls and shopping center properties as well as develop "big box" retail facilities making them one of the largest privately-owned firms of its kind in the Southeast. In 2008, the company name was changed from Hull/Storey Development, LLC when Barry L. Storey partnered with John W. Gibson. Both Storey and Mr. Gibson are natives of Augusta, Georgia and have spent the majority of their business careers in the field of retail real estate. Mr. Hull previously was the principal of Hull Properties which he established in 1977. Mr. Hull gained much expertise in the areas of real estate valuation, management and finance. He presently directs the financing components of the Hull Storey Gibson portfolio. Prior to co-founding Hull/Storey Development, LLC, Mr. Storey worked for NTS Development Corporation in Louisville, Kentucky and CBL & Associates in Chattanooga, Tennessee. Mr. Storey presently oversees the new development activities of the HSG organization. Mr. Gibson, an attorney by training and specializing in real estate and securities law, has devoted most of his time to the multi-family and retail real estate business and now serves as the company's chief operating officer with responsibilities covering its acquisitions, development, construction, leasing and management operations. Additional information on Hull Storey Gibson Companies can be found at www.hullstoreygibson.com.

About Intuit Real Estate Solutions

Intuit Real Estate Solutions (IRES/MRI), headquartered in Cleveland, Ohio, offers business management solutions to the global property management industry as well as to corporate real estate managers. Offering the most flexible solutions with both outsourced hosted offerings and packaged enterprise software, IRES strives to develop long-term successful relationships with its clients. The business currently has more than 4,500 clients on five continents and in 41 countries. Additional information on Intuit Real Estate Solutions can be found at www.realestate.intuit.com.

About AvidXchange

Founded in 2000, AvidXchange, Inc., headquartered in Charlotte, North Carolina, is the industry-leading provider of paperless invoice management and electronic purchase order tools for real estate companies in the office, retail, multi-family and industrial sectors. More than 37 public REITs and over 180 real estate companies are managing their payables with AvidInvoice, the SAS 70 Certified AP workflow solution that eliminates lost invoices, minimizes late fees/overnight courier charges and reduces invoice processing costs by up to 50%. Additional information on AvidXchange can be found at www.avidxchange.com.

For Immediate Release
Contact: Michael Praeger
mpraeger@avidxchange.com
704.971.8101

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