Plano, TX, October 16, 2008—RamQuest Software, Inc., a recognized leader in the land title software industry, announced today that the third quarter of 2008 marked the company’s 29th consecutive quarter of profitability.  A privately held company, RamQuest continues to generate positive operating cash flow with no debt service in spite of the continuing economic conditions negatively impacting the real estate and title industries threatening other software providers in the market. 

RamQuest’s title industry solutions are installed on more than 40,000 desktops nationwide.  Despite turmoil in the credit markets, RamQuest continues to be profitable and has a healthy balance sheet and economic outlook.  RamQuest expects to invest more in Research and Development in 2009 than any other time in company history.  Additionally, the company is placing renewed focus on its customers – to provide world-class customer service throughout the company and to continue to work in partnership with customers, with a direct intent of helping them increase revenue and decrease costs. 

“RamQuest is successful in spite of the volatility in the market right now; our customers are stable with strong competitive positioning and that directly impacts our company," said Mark McElroy, president and chief executive officer. "In recent months, like many other companies, we have made right-sizing decisions; however, we have focused on strategic hires as well; one example of this is the addition of Mary Schuster to RamQuest’s management team in the role of Director of Operations.”   McElroy goes on to say that in this role Schuster will direct and lead the efforts of the RamQuest Customer Support, Implementation and Training teams as the company continues to drive forward in the market, forming partnerships with customers and working to help them do business more effectively and efficiently.

And, although McElroy does not expect to see any significant turnaround in the industry anytime soon, he suggests that, “Isolated markets are seemingly holding their values and showing some movement. I would anticipate that these circumstances will slowly improve in 2009.” 

 “In looking ahead, RamQuest will continue to focus development efforts on expanded functionality and ease of use of business solutions while, at the same time, we will continue to optimize our position as the technology leader and an innovator in our industry,” commented Steven Terry, chief operating officer at RamQuest.  “One recent initiative to offer expanded functionality is RamQuest’s introduction of Complete Closing Small Business.  Complete Closing Small Business is a title production solution designed for the smaller title company looking for streamlined implementation and lower overall cost.  The immediate, positive response that we have seen for this business solution reaffirms that this is a product introduction well-timed to meet the demands brought on by current market conditions. “

Complete Closing Enterprise, the company's flagship product, is the foundation for RamQuest's product suite and provides title companies with a comprehensive set of tools for managing the title insurance process including order processing, commitment policy, escrow accounting and HUD generation.  Complete Closing Small Business is RamQuest’s title and escrow solution for smaller title companies, housing all of the functionality and flexibility that small title operations demand but offering a predefined workflow and expedited implementation, allowing for an easy migration path to RamQuest’s enterprise solution when ready.  Both Complete Closing and Complete Closing Small Business allow title companies to electronically connect to brokers, lenders, service providers, underwriters and other title companies making it easier to do business and eliminate costs by containing the process to an electronic system and significantly reducing cycle time from order receipt to completion.  Rounding out RamQuest's offering for the title industry are PaperlessCloser, the company's transaction management software and FileScan Plus, RamQuest's document imaging and management solution.

About RamQuest Software, Inc.
RamQuest Software, Inc., a Texas-based corporation founded in 1991, is the premier provider of software tools for the Land Title Industry. The Company’s software products are currently in use for title closings in all 50 states. RamQuest’s state-of-the-art software provides a complete set of tools to facilitate and automate much of the work performed by title companies.  For more information about RamQuest, visit www.ramquest.com