Real Estate Central

BETHESDA, Md., June 6 /PRNewswire/ — bidEup, the first online
marketplace for legally binding real estate transactions, announced today
that Dr. Richard Schroth, Chairman of its Advisory Board, has been named
one of the Top 25 Consultants in the World for 2008 by Consulting Magazine.
For the full Top 25 list, visit
http://www.consultingmag.com/categories/Rankings/Top-25-Consultants/

Schroth is one of the world’s top independent thought leaders on
technology and corporate innovation, with a unique focus on the strategic
potential of reinvigorated IT initiatives. He has recently been named a
Senior Fulbright Scholar in Information Sciences by the U.S. State
Department and its Center for the International Exchange of Scholars.

David McNairy, CEO of bidEup, said, “We’re very proud to have Dr.
Schroth on our team. His strategic insight and guidance has been incredibly
valuable to us during our launch, and in planning for the future.”

In addition to the Top 25 Consultants achievement, Dr. Schroth’s
prestigious background also includes being named one of the Top 10 Chief
Technology Officers by Aspatore Press for the last 5 years and a U.S. State
Department Fulbright Senior Scholar in Information Sciences. Schroth,
President and CEO of Executive Insights, is the former Chief Technology
Officer of Perot Systems, Executive Vice President of Computer Science
Corporation (CSC) and Chief Technology Officer with the Marriott
Corporation. “Richard Schroth has been a perennial thought leader in
technology strategy for more than 25 years,” says James Champy, chairman of
consulting at Perot Systems Corporation and co-author of the book that
revolutionized business, “Reengineering the Corporation.”

About bidEup, Dr. Schroth said, “bidEup is creating the ‘American Dream
2.0′ for the U.S. housing industry by enabling legally binding transactions
to be conducted on the web. This new method of transacting business in the
real estate industry is the way homes and other real estate will be
securely and confidently sold in the future. It removes billions of dollars
of cost from the system and creates a new form of a secured liquid market
at the same time. Given the current housing market downturn, bidEup is one
of the only true entrepreneurial responses that can actually help lead us
out of this crisis. Utilizing legally binding forms of sale as the new
standard for Internet commerce is revolutionary. I believe that this
initiative demonstrates and makes real one of the most powerful shifts in
the way commerce will be conducted on the Internet.”

bidEup recently launched its propriety patent-pending system that
provides an online sale platform and is the first secured website that
authenticates users, creates electronic signatures and allows real estate
contracts to be executed digitally. This combination provides an efficient
marketplace where real estate professionals representing buyers and sellers
can conduct transactions online with the advantages and legal protections
typical to traditional offline transactions.

About Dr. Richard Schroth

One of the world’s most sought-after strategists, visionaries,
executive coaches and presenters on the application of emerging
technologies, Dr. Schroth works with an elite team of world-renowned
business and technology leaders who are developing strategies and
approaches necessary to prosper in the information age. He has served as
personal advisor to the C-suite of global corporations including a majority
of the Fortune 50 companies. Former Senior Fellow of the Wharton School,
member of the AT&T Executive Faculty and Duke Corporate Education’s Global
Learning Resource Network, Dr. Schroth is currently an Executive - In -
Residence at American University’s Kogod School of Business and is a
Distinguished Visiting Professor at the National University of Ireland in
Galway. He is co-author of the 2002 best-selling book, “How Companies Lie”
and is a professional speaker with the Leigh Speakers Bureau, focusing on
information and corporate security issues.

About bidEup

Located in Bethesda, Maryland, and founded by real estate attorney
David McNairy, bidEup, Inc.’s patent-pending technology is the world’s
first legally binding online real estate marketplace. For more information,
visit http://www.bideup.com.



Media Contact:

Ellie Whims
Aduro, LLC
301-696-0318
ellie.whims@theadurogroup.com

This release was issued through eReleases(TM). For more information,
visit http://www.ereleases.com.

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[Via Real Estate Newswire]