PRESS RELEASE: Peter Churchouse Joins OKAY.com as Investor and Advisor to the Board

HONG KONG, October 15 2012 - OKAY.com today announced that Peter Churchouse, Chairman of Portwood Company Ltd., has been appointed as a Board Advisor, effective October 1, 2012, in conjunction with a private investment by Churchouse into the company.  Churchouse is considered one of the world’s leading authorities on the Asia real estate markets, with more than 30 years of experience across all aspects of real estate and economics in Asia, and is often quoted in the media including regular interviews on CNN, Bloomberg, BBC and CNBC.

“We are tremendously excited to have Peter on board, both as an investor as an Advisor to the Board”, said Joshua Miller, OKAY.com CEO.  “Peter’s unparalleled expertise and insights into the Asia property market will add tremendous value to the strategic growth of the company.”

Churchouse is perhaps best known for his role as Managing Director and Advisory Director at Morgan Stanley in Asia, where he was the Head of Research, Head of Property Research and Regional Strategist during his 15 year tenure. 

Churchouse added that “OKAY.com has a compelling vision to eliminate vast inefficiencies and aggregate exceptional market data in the Greater China real estate industry through the use of innovative technology, while creating large and sustainable competitive advantages in the process.  As a Board Advisor, I look forward to leveraging my expertise to assist the leadership team in furthering OKAY.com’s growth in the region.”

In addition to overseeing Portwood Company, a diversified real estate investment firm founded by Churchouse in 1985, he currently publishes the Asia Hard Assets Report, an independent economic and property focused research publication.  Churchouse has previously held positions including Lead Portfolio Manager for the LIM Asia Alternative Real Estate Fund, Head of Property Research for Jones Lang Wootton and Head of Asia Research for Solomon Brothers.  He is also a Non-Executive Director of Mainland developer Longfor Properties Co. Ltd (960 HK), and an Independent Director for Macquarie Retail Management (Asia) Ltd.

About OKAY.com

OKAY.com is a disruptive technology platform for the real estate brokerage industry.  Its aim is to provide property agents with a superior platform from which to conduct business.  OKAY.com changes the business model and incentive structure of an agency to gather comprehensive information from agents and the market, bringing more transparency to the industry as a whole, while providing powerful tools to agents to better serve their clients.  Its current operations are in Hong Kong with plans to open in China and other markets across Asia in the near future.