ZipRealty Expands Footprint in New York State
* Reuters is not responsible for the content in this press release.
EMERYVILLE, CA, Apr 17 (MARKET WIRE) --
ZipRealty, Inc. (www.ziprealty.com) (NASDAQ: ZIPR), the nation's largest
online-based, full-service real estate brokerage, providing clients with high
quality service and savings, announced today that it is actively working with
buyers and sellers within the Big Apple.
ZipRealty, which first entered Westchester County in late 2007, now includes
a growing team of local and licensed employee-agents in several boroughs,
including the Bronx, Brooklyn, Manhattan, and Queens, as well as in Nassau,
Putnam, and Suffolk counties.
"We continue to expand our national footprint by entering key metropolitan
areas coast
to coast, and we're excited to work with buyers and sellers across the greater
New York City area," said ZipRealty Chief Executive Officer Patrick Lashinsky.
"We're confident that New York homebuyers and sellers will be excited about
our Web site, the market expertise of our local agents, and our alternative
approach to real estate."
As is true for each of the 34 markets the Company operates in nationally,
the Company
offers its clients all of the services of a traditional residential real estate
brokerage coupled with exceptional search technology. In addition, the Company
rebates buyers 20 percent of its commission, and sells homes for up to 25
percent less than the typical market commission.*
District Director, George Votino, oversees recruiting and training efforts
of
ZipRealty agents for the boroughs of the Bronx, Brooklyn, Manhattan and
Queens, as well as Nassau, Putnam and Suffolk counties. Mike McNamara is the
District Director overseeing Westchester County.
About ZipRealty
ZipRealty is a full-service residential real estate brokerage firm. The
Company utilizes its user-friendly Web site and employee real estate
agentsto provide homebuyers and sellers with high-quality service and value.
ZipRealty's Web site provides users with access to comprehensive local Multiple
Listing Services home listings data, as well as other relevant market and
neighborhood information. The Company's proprietary business management system
and technology platform helps to reduce costs, allowing the Company to pass on
significant savings to consumers. Founded in 1999, the company operates in 34
major markets in 19 states and the District of Columbia. For more
information on ZipRealty, visit www.ziprealty.com or call 1-800-CALL-ZIP.
Cautionary Language
This release contains forward-looking statements within the meaning of the
"safe harbor" provisions of the federal securities laws, including,
withoutlimitation, our confidence that homebuyers and sellers will be excited
about our
Web site, the market expertise of our local agents, and our alternative
approach to real estate. 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 our Form 10-K filed with
the SEC for the fiscal year ended December 31, 2007 and other filings with
the SEC including our quarterly Form 10-Qs and periodic Form 8-Ks. The
forward-looking statements included in this release are made as of today's
date and, except as otherwise required by law, we do not intend to update
these forward-looking statements to reflect events or circumstances after the
date hereof.
*ZipRealty's rebate is subject to certain restrictions. See Web site for
details.
Marcus Gamo
Allison & Partners
415-277-4925
marcus@allisonpr.com
Marielle Covington
Allison & Partners
415-277-4929
marielle@allisonpr.com
Copyright 2008, Market Wire, All rights reserved.
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