National Brokerage Now Working With Home Buyers and Sellers in Orlando
EMERYVILLE, Calif., June 1 /PRNewswire-FirstCall/ -- ZipRealty (NASDAQ:ZIPR), a national full-service real estate brokerage that empowers consumers with leading edge, easy-to-use technology, announced today the Company is officially operational in Orlando, Florida, with a growing team of licensed agents actively working with home buyers and sellers in Orange, Seminole, Lake, Osceola, Brevard, Volusia and Polk counties.
Orlando joins Miami and Tampa as the third active metropolitan area for ZipRealty (http://www.ziprealty.com/) in Florida. ZipRealty has been operational in Miami since December 2005 and in Tampa since March 2006. ZipRealty now offers its clients in Central Florida all of the services of a traditional brokerage with the added benefits of enhanced customer service and savings. As part of its standard offering, ZipRealty gives Orlando buyers 20 percent of its commissions, and sells homes for up to 25 percent less than the standard market commission.
"As we continue to expand our footprint in Florida, we're excited to be up and running in Orlando and partnering with buyers and sellers throughout Central Florida," said Gary Beasley, ZipRealty's president. "Based on the enthusiastic client response we've had in Miami and Tampa, we're confident that home buyers and sellers in Orlando will find our unique, client-centric model beneficial to their specific real estate needs." Reggie Hall serves as the District Director for ZipRealty in Orlando, and oversees recruiting and training efforts for the Company's local, experienced real estate agents. Mr. Hall's background includes experience in both real estate and technology. In addition to 15 years of supervising business development teams for Fortune 100 companies and private technology firms, he was also a Realtor(R) representing commercial, investment and residential buyers and sellers in Central Florida for nearly three years.
About ZipRealty ZipRealty is a full-service residential real estate brokerage firm. The Company uses the Internet, proprietary technology and efficient business processes to provide home buyers and sellers with high-quality service and value. Founded in 1999, the Company currently operates in 17 major metropolitan areas in eleven states and the District of Columbia. The Company's client-centric business strategy utilizes a sophisticated Web site, which enables home buyers and sellers to access comprehensive local Multiple Listing Services home listings data and other relevant information. The Company also utilizes a proprietary business management technology platform, which reduces costs and allows the Company to pass on significant financial savings to consumers. This Internet-enabled, technology-driven, employee-based model provides the Company with a distinct competitive advantage, allowing ZipRealty to consistently deliver outstanding service to clients. For more information on ZipRealty, visit http://www.ziprealty.com/ or call 1-800-CALL-ZIP (1-800-225-5947).
Cautionary Language This release contains forward-looking statements within the meaning of the "safe harbor" provisions of the federal securities laws, including the Company's future acceptance and growth in the Orlando market. The forward- looking statements are subject to risks and uncertainties that could cause actual events to differ materially from those projected, including the risk factors set forth in the Form 10-Q filed with the SEC by the Company for its fiscal quarter ended March 31, 2006. ZipRealty assumes no obligation to update the forward-looking statements included in this release.
Marielle Covington
Allison & Partners
415-277-4929
Liana Goh
Allison & Partners
415-277-4911
DATASOURCE: ZipRealty CONTACT: Marielle Covington, +1-415-277-4929, or , or Liana Goh, +1-415-277-4911, or , both of Allison & Partners, for ZipRealty Web site: http://www.ziprealty.com/
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