EMERYVILLE, Calif., March 28 /PRNewswire-FirstCall/ -- ZipRealty (NASDAQ:ZIPR), a national full-service real estate brokerage that empowers consumers with leading edge, easy-to-use technology, announced today that the Company is officially operational in Tampa, Florida, and licensed agents are actively working with clients within the market. Tampa joins Miami as the second active market in Florida for ZipRealty (http://www.ziprealty.com/) and the 16th nationally.
Visitors to ZipRealty's Web site have access to all information and data available on the local Multiple Listing Service. Currently, a growing team of ZipRealty employee-agents is working with buyers and sellers throughout Hillsborough, Pinellas and Pasco counties. As is true in other active markets, ZipRealty gives buyers in Tampa 20 percent of its commissions, and sells homes for up to 25 percent less than the standard market commission.
"We're excited to be active in Tampa, and we're confident our consumer-centric model will resonate well with residents here as it has in Miami and all of the other markets where we operate," said ZipRealty CEO Eric Danziger. "MLS data for Tampa has been available on the ZipRealty Web site for the past six weeks as we developed our initial team and we're encouraged by the consumer response to date." Ric Carter, a 10-year Florida resident, serves as the District Director for ZipRealty in Tampa, and oversees recruiting and training efforts for ZipRealty's local, experienced real estate agents.
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 16 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 agent growth in Tampa and the acceptance of the Company's business model in Tampa. 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-K filed with the SEC by the Company for its fiscal year ended December 31, 2005. ZipRealty assumes no obligation to update the forward-looking statements included in this release.
Marcus Gamo Liana Goh
Allison & Partners Allison & Partners
415-277-4925 415-277-4911
DATASOURCE: ZipRealty CONTACT: Marcus Gamo, +1-415-277-4925, 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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