Contact Information: Media Contacts Kate Donat Marketing Manager Radar Logic Incorporated (212) 965-0300 x 126 Nancy Tamosaitis Vorticom, Inc. (212) 532-2208
Radar Logic and Miller Samuel Defer Pending Acquisition
| Source: Radar Logic, Inc.
NEW YORK, NY--(Marketwire - March 7, 2008) - Radar Logic Incorporated and Miller Samuel
Inc. today announced that they are deferring their discussions regarding
the proposed acquisition of Miller Samuel by Radar Logic.
"We have the utmost respect for Jonathan Miller and Miller Samuel and
expect the two firms to continue to cooperate in a number of ways," said
Michael Feder, President and CEO of Radar Logic.
"I still believe that RPX is the relevant methodology for the determination
of home price values across the country and look forward to the continued
relationship with Radar Logic," said Jonathan Miller, President and CEO of
Miller Samuel Inc.
About Radar Logic (www.radarlogic.com)
Radar Logic Incorporated, a real estate data and analytics company,
calculates and publishes the Radar Logic Daily™ Prices. The prices
track housing values for major U.S. metropolitan areas and are the basis of
the Residential Property Index™ (RPX™), a market that enables real
estate to be traded as a liquid asset, via property derivatives marketed by
major financial institutions. RPX allows real estate and financial
professionals to manage opportunity and risk, invest in real estate values
without owning physical assets and effectively analyze markets using a
consistent metric: price per square foot.
About Miller Samuel Inc. (www.millersamuel.com)
Miller Samuel Inc. is a leading residential real estate appraisal and
consulting firm based in New York City, co-founded and led by Jonathan J.
Miller, CRP since 1986. Miller Samuel appraised in excess of $5 billion
worth of residential property in the past year. The firm has a record of
innovations in the valuation process within one of the most challenging
property markets in the United States.