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ARGUS Software Promotes Pius K. Leung to CAO

Promotion Provides International Expertise and Operational Efficiencies

Houston, TX, June 29, 2010 - ARGUS Software, the global leader for real estate valuation, analysis, asset and investment management solutions, announced today that Pius K. Leung, CCIM, MRICS, CPM, has been promoted to the role of Chief Administrative Officer.

Leung has been at ARGUS Software for over three years and previously served as the Managing Director/Senior Vice President - Americas region. Leung will retain his duties as the Managing Director of the Americas for ARGUS Software, but will also assume the responsibilities as the Chief Administrative Officer.

"As the past president of CCIM Institute and a key, contributor to my senior management team for the past three years, Pius has been instrumental in making ARGUS Software more adept at serving international markets and has used his experience running the CCIM Institute to make ARGUS more organizationally efficient," comments Mark P. Kingston, president and CEO of ARGUS Software. "This promotion will allow Pius to apply his skills to all of our regions and the company as a whole. He will bring tremendous value to our worldwide customer base."

Prior to joining ARGUS in December 2006, Leung was the founder and president of Charter Equity, Inc., a full service real estate investment company. In 2005, Leung served as the 39th president of the CCIM Institute and the first ever president of the CCIM Institute born outside the US. He is a faculty member of the CCIM Institute and Institute of Real Estate Management (IREM), as well as visiting professor at the School of International Trade and Economics at the University of International Business and Economics in Beijing, China.

Leung has trained real estate professionals around the world in countries such as the Czech Republic, Poland, Russia, Mexico, Korea, Japan and China. Pius has an Honorary Doctor of Finance from the University of International Business and Economics in Beijing, China, a Master of Accountancy and Bachelor of Accountancy from the University of Mississippi.

About ARGUS Software

ARGUS Software is the leading provider of software and solutions for analyzing and managing the value of real estate investments worldwide. ARGUS Software has a world-class user base consisting of over 90,000 users and has been focused solely on the commercial real estate segment for over 20 years. The ARGUS Software portfolio includes industry-standard products such as ARGUS Valuation - DCF, ARGUS Developer, ARGUS Asset Management and ARGUS Lease CRM, as well as the soon to be released flagship product ARGUS Enterprise.

Media Contacts:

Jennifer Brenner
VP Marketing
ARGUS Software