British Broadcasting Company Selects VFA to Audit and Strategically Manage Its Real Estate

READING, UK, Jun 16 (MARKET WIRE) --
VFA, Ltd., the leading provider of end-to-end solutions for facilities
capital planning and asset management, today announced an ongoing
strategic relationship with the British Broadcasting Company (BBC). In
October 2007, the BBC outlined its ambition to become the most creative
organization in the world through the delivery of "Creative Futures."
This initiative covers five key themes for the organization: quality and
innovation, value to all audiences, on-demand, building a "Digital
Britain," and becoming the most creative place to work. From a workplace
perspective, BBC's responsibility is to provide safe and sustainable
environments that are appropriate, flexible and cost-effective for the
delivery of a digital future.

Prior to working with VFA, the corporation faced challenges in developing
a long-term budget based on current data and future funding requirements.
In addition to this, the BBC needed both an immediate and long-term view
of funding requirements to assist in decision-making and the formulation
of its Corporate Property Strategy. In 2008, VFA audited 127 properties
across 48 campus sites in the U.K., and imported data for the rest of the
estate -- a total of about 483 sites and 62,000 square meters. The
organization deployed VFA.facility(R) capital planning software as a
Web-based, central repository of facility data to support the collection
and management of a wide range of asset information that creates a
unified planning environment to assist in critical strategic decisions.
Today, VFA.facility is an integrated part of daily portfolio management.

"An organization's facilities are one of its most significant assets, but
managing the wealth of information related to those facilities and their
various building systems is an ongoing challenge -- particularly for
organizations with large and geographically diverse portfolios such as
ours," said Gary Hills, Head of Capital Development, BBC. "With our goal
of delivering a digital future, the BBC needs the capability to obtain
detailed and comprehensive condition data that enables us to prioritize
budgets and to forecast needs as far out as two decades, allowing us to
prepare for future challenges and avoid unplanned expense."

With all facility data in one location, the BBC is able to gain a complete
view of its overall portfolio -- by campus, asset or system. VFA.facility
allows the broadcaster to track spending and allocation of funds, the
impact on maintenance and repair, and the relation to capital expense. On
a daily basis, linking and synching software applications allows facility
managers to better pinpoint where dollars are allocated; by connecting
work order and asset data/capital planning systems, an audit trail of
expenses is created which can be used for both planning and reporting
purposes.

"Facilities are not only a necessary business investment -- they are a
vital component to achieving an organization's mission and ensuring its
future growth and success," said Jerry Kokos, CEO of VFA. "We are pleased
to be able to support an organization like the BBC in its effort to make
facilities capital planning a critical aspect of their overall strategy."

About VFA, Ltd.

An operating unit of VFA, Inc., Reading, U.K.-based VFA, Ltd. is the
leading provider of end-to-end solutions for facilities capital planning
and asset management. VFA solutions uniquely combine facility audit
services, Web-based software and business consulting services to enable
customers to manage every stage of the capital asset lifecycle -- from
requirements gathering and long-term planning to capital budget creation
and spend management. More than 400 organizations in corporate,
education, government and healthcare markets have relied on VFA solutions
to strategically manage their capital assets. VFA's flagship software
product, VFA.facility(R), is currently used to manage more than 2 billion
square feet of real estate. For more information, please call
800-693-3132 or visit http://www.vfa.com/uk/index.htm.

Press Contacts:
Ellen Cliggott
VFA, Inc.
617-772-8221
ecliggott@vfa.com

Allison Bedard or Chris Poisson
Schwartz Communications
415-512-0770 or 781-684-0770
vfa@schwartz-pr.com

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