Thad N. Shows Promoted
to President of MarketLinx Solutions
August 26, 2005 - MarketLinx Solutions, a division of First American Residential Group and a member of The First American Corporation (NYSE: FAF) family of companies, today announced the promotion of Thad N. Shows to president, effective August 26, 2005. In his new role, Shows will report to Stephen C. Roney, president and chief executive officer, First American Residential Group. He will replace Doyal H. Hodge who will transition into a consultative role for MarketLinx.
"Thad's transition to president will be seamless, as the two have worked side by side to lead the company for approximately eight years," states Roney. "This quality of leadership is one of the key reasons that First American acquired MarketLinx several years ago. We thank Doyal for all of his hard work and support of the company, and appreciate his continued input as the company moves forward."
Along with Hodge, Shows was one of the original five founders of the company, which has since grown to provide technology services to more than 285,000 real estate professionals nationwide and is the industry's largest provider of Web-based multiple listing systems (MLS) services. The promotion to president is in recognition of the key role Shows has played in the continued growth and technology development of the company.
Serving as the company's vice president, software development, Shows played an instrumental role working alongside Hodge to launch the country's first stand alone browser-based system in 1997. MarketLinx's TEMPO software provides a comprehensive array of MLS functionality and is currently used by more major MLSs than any other browser-based software system, supporting MLSs ranging in size from 1,000 to more than 33,000 subscribers. MarketLinx is also the leading provider of real estate transaction standard (RETS) systems within the industry, providing standard data transmission technology in support of RETS interfaces from REALTORŪ systems.
About MarketLinx
A division of First American Residential Group, MarketLinx began operating as a privately held company in 1996 and was acquired by The First American Corporation in September 2003. Headquartered in Knoxville, Tenn., MarketLinx employs more than 140 people and currently provides MLS services to approximately 285,000 real estate professionals using the company's standalone system. The TEMPO MLS system is used by more major MLSs than any other browser-based software system, supporting MLSs ranging in size from 1,000 to more than 33,000 subscribers. More information on MarketLinx can be found at www.marketlinx.com.
About First American
The First American Corporation (NYSE: FAF), a Fortune 500 company that traces its history to 1889, is the nation's largest data provider. First American combines advanced analytics with its vast data resources to supply businesses and consumers with valuable information products to support the major economic events of people's lives, such as getting a job, renting an apartment, buying a car or house, securing a mortgage and opening or buying a business. The First American Family of Companies, many of which command leading market share positions in their respective industries, operate within six primary business segments, including: Title Insurance and Services, Specialty Insurance, Mortgage Information, Property Information, Credit Information and Screening Information. With revenues of $6.72 billion in 2004, First American has approximately 2,000 offices throughout the United States and abroad. More information about the company and an archive of its press releases can be found at www.firstam.com.
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