REpipeline is scheduled to launch a website this fall that itsays will streamline the commercial real estate managementprocesses. The company is currently merging with Photonics Corp., aSunnyvale-based public company that does business as DTC DataTechnology and was recently bumped off the Nasdaq fornon-reporting. It now trades on what is known as theover-the-counter bulletin board.

In an August report to the Securities and Exchange Commission,Photonics says it terminated a merger/acquisition agreement withRealestate4sale.com and signed a similar agreement with itssuccessor REpipeline.com. "Without the merger with(REpipeline.com), the only choice of the company is filingbankruptcy with less than $0.01 per dollar for all creditors, anddebt holders, and no money for shareholders," states the firm."Therefore the company has put all its energy for the pendingmerger/ acquisition."

At close of markets Tuesday, shares of Photonics stood at 28cents a share, up 2.5 cents on the day. In the last 52 weeks, thecompany's shares have traded for as little as 3 cents each, and asmuch as 40 cents each.