- Exclusive Online Newspaper Network Generated More Than 18 Million Unique Monthly Visitors To Their Websites -
SAN FRANCISCO, April 7, 2008 /PRNewswire-FirstCall/ -- LoopNet, Inc. (NASDAQ:LOOP), which operates the largest online commercial real estate marketplace, announced today that Showcase Property Listings within the LoopNet.com marketplace now receive expanded exposure on major search engines including Google, Yahoo and others, as well as Google's Google Base service, and more than 100 online newspaper websites, including The New York Times, Los Angeles Times, Washington Post, Boston Globe, Chicago Tribune, Dallas Morning News, Miami Herald, Atlanta Journal-Constitution, the American City Business Journals Online and The Wall Street Journal (for sale properties only). LoopNet's Showcase Property Listings also receive top of search placement on LoopNet.com, the most heavily trafficked commercial real estate marketplace with 998,000 unique visitors monthly according to comScore Media Metrix.
"LoopNet's Showcase Property Listings now receive exclusive distribution to an even broader, more powerful collection of online newspaper and business publication websites," said Mike Manning, LoopNet's Vice President of Marketing. "By combining the national reach of LoopNet.com -- the most heavily trafficked commercial real estate marketplace by a factor of 4 to 5 times -- with the local presence of our exclusive network of online newspaper websites, LoopNet's Showcase Listings receive unparalleled exposure." For more information on Showcase Property Listings or to view a more complete list of our distribution partners, visit http://www.loopnet.com/PartnerNetwork.
Highlighted below is a select sample of LoopNet's online distribution partners for Showcase Property Listings. According to comScore Media Metrix, a leading online audience measurement service, this online newspaper network generated more than 18 million unique visitors to their websites in February 2008.
-- Wall Street Journal Online (for sale properties only)
-- New York Times
-- Boston Globe
-- Los Angeles Times
-- Chicago Tribune
-- Washington Post
-- Dallas Morning News
-- International Herald Tribune
-- Atlanta Journal-Constitution
-- Houston Chronicle
-- Denver Post
-- Oakland Tribune
-- San Diego Union Tribune
-- Salt Lake Tribune
-- Star Tribune (Minneapolis)
-- Baltimore Sun
-- Sacramento Bee
-- Oklahoman
-- Pittsburgh Post Gazette
-- Tampa Tribune
-- Richmond Times Dispatch
-- Detroit Free Press
-- Buffalo News
-- Sun-Sentinel (South Florida)
-- Commercial Appeal (Memphis)
-- Columbus Dispatch
-- San Antonio Express News
-- Winston-Salem Journal (NC)
-- Palm Beach Post
-- The News & Observer (NC)
-- News & Record (Greensboro, NC)
-- Orlando Sentinel
-- Naples News
-- The News Tribune (Tacoma)
-- Dayton Daily News
-- Lexington Herald-Leader (KY)
-- Island Packet (SC)
-- San Jose Mercury News
-- Knoxville News Sentinel
The LoopNet marketplace, available at http://www.loopnet.com/, covers all commercial property categories, including office, industrial, retail, multifamily (apartment properties for sale), hotel, land, specialty properties, and businesses for sale. LoopNet has more than 2.75 million registered members and the LoopNet marketplace features more than $500 billion of property available for sale and 4.3 billion square feet of space for lease. According to comScore Media Metrix, LoopNet is the most heavily trafficked commercial real estate website, with an average of 998,000 unique visitors monthly in January and February 2008.
About LoopNet LoopNet, Inc. is the leading online marketplace for commercial real estate and businesses for sale in the United States. Our online marketplace enables commercial real estate agents, working on behalf of property owners and landlords, to list properties for sale or for lease by submitting detailed property listing information in order to find a buyer or tenant. Commercial real estate brokers, agents, buyers and tenants use the LoopNet online marketplace to search for available property listings that meet their commercial real estate criteria. By connecting the sources of commercial real estate supply and demand in an efficient manner, LoopNet enables commercial real estate participants to initiate and complete more transactions more cost-effectively than through other means. LoopNet also delivers technology and information services to commercial real estate organizations to manage their online listing presence and optimize property marketing.
LoopNet customers include virtually all of the top commercial real estate firms in the U.S., including CB Richard Ellis, Century 21 Commercial, Coldwell Banker Commercial, Colliers International, The CORE Network, Cushman & Wakefield, First Industrial Realty Trust, Grubb & Ellis, Lincoln Property Company, Marcus & Millichap, NAI Global, ONCOR International, Prudential, RE/MAX, Sperry Van Ness, The Staubach Company and TCN Worldwide.
LoopNet owns and operates Cityfeet.com, the largest online newspaper network serving the commercial real estate industry.
LoopNet also owns and operates BizBuySell.com, the largest and most heavily trafficked online exchange for businesses for sale in North America, with more business listings, users and search activity than any other website. BizBuySell also has the largest database of sale comparables for recently sold businesses.
Forward-Looking Statements This release contains forward-looking statements regarding LoopNet's online commercial marketplace, our customers, our strategic alliances, our listing partners, the continuing adoption of the Internet to market and search for commercial real estate, the advantages of our online marketplace and the value we provide to our members. These statements are based on current information and expectations that are inherently subject to change and involve a number of risks and uncertainties. Actual events or results might differ materially from those in any forward-looking statement due to various factors, including, but not limited to, our ability to introduce new or upgraded products or services and customer acceptance of such services, our ability to establish and maintain successful relationships with our distribution partners, economic events or trends in the commercial real estate market, credit market or in general, our ability to continue to attract new registered members, convert them into Premium Members and retain such Premium Members, our ability to receive timely and accurate sales data from our partners, our ability to manage our growth, our ability to obtain or retain listings from commercial real estate brokers, agents and property owners, and competition from current or future companies. Additional information concerning factors that could cause actual events or results to differ materially from those in any forward-looking statement is contained in our filings with the Securities and Exchange Commission (SEC). Copies of filings made by us with the SEC are available on the SEC's website or at http://investor.loopnet.com/sec.cfm. LoopNet does not intend to update the forward-looking statements included in this press release that are based on information available to us as of the date of this release. DATASOURCE: LoopNet, Inc CONTACT: Cary Brazeman, +1-310-205-3590, , for LoopNet, Inc.
Web site: http://www.loopnet.com/
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