Xceligent Announces the Return of the Magnificent Seven

- Major Milestone in National Expansion Strategy Funded by LoopNet -

INDEPENDENCE, Mo., Oct. 30 /PRNewswire/ -- Xceligent, Inc. announced today
that it has successfully reclaimed its position as the market leader for
commercial real estate information for Milwaukee, Wisconsin. Two years ago, an
Xceligent competitor announced it had signed seven of the top ten firms in
Milwaukee, known as the "Magnificent Seven". Today, Xceligent announces the
return of the "Magnificent Seven".
NAI MLG Commercial, Siegel-Gallagher/Oncor International, The Boerke
Company, Inc., Colliers Barry, Mid-America Real Estate Group, Inland Companies
and RFP Commercial, Inc. have returned to using Xceligent, the chosen data
provider for the Commercial Association of REALTORS(R), Wisconsin (CARW), as
their primary source for local market commercial real estate information.
These firms' decision to return to Xceligent follows Xceligent's evolution
into a proactive, fully-researched commercial real estate information
provider, taking on the responsibility of collecting and updating all property
and listing information within the market. This change, coupled with the
creation of local Advisory Boards to monitor the data, spurred the re-signing
of the Magnificent Seven, bringing Xceligent's total member roster to 210
companies.
Doug Curry, CEO of Xceligent, commented, "The participation of market
experts from member firms on the local Advisory Boards, combined with the
research processes that we have refined over the last nine years, has allowed
Xceligent to deliver a dataset the industry can trust at a price point that
all market participants can afford."
Dan Welsh, Executive Vice President of Siegel-Gallagher in Milwaukee,
said, "We've matched Xceligent's commitment to market information with our own
commitment and, within three quarters, Milwaukee is finally seeing the
progress we have wanted in commercial real estate information. It is nice to
have a partner such as Xceligent that is focused on accurately reporting what
is happening in our market."
Mike Fardy, COO of Inland Companies, added, "The key to the Xceligent
model is their continued commitment to couple market participation in the form
of an Advisory Board with a team of researchers that listen and then
consistently execute on our direction. There is clear confidence in our local
market that we can count on the information from Xceligent each quarter."
Xceligent continues to grow into new markets even as it reclaims the
leading position in existing markets such as Milwaukee. Xceligent has achieved
its market leading position in these markets through the resources and
strategic guidance provided through its partnership with LoopNet
(Nasdaq: LOOP), the industry's leading online marketplace for commercial
properties. LoopNet provided the impetus for this national expansion after
Xceligent demonstrated it could deliver its comprehensive research solution
more cost-effectively than any alternative provider.
"We are pleased at the progress Xceligent continues to make in delivering
timely and complete data to these markets," said Jason Greenman, SVP of
Corporate Development for LoopNet. "It is even more critical in the current
economy that commercial real estate professionals have an affordable and
reliable solution for fully researched commercial real estate information.
Xceligent's efficient research model succeeds in serving markets with unique
regional characteristics, while providing high-quality, fully-researched data
to their customers at a reasonable price."
About Xceligent
Xceligent, Inc. is a nationwide provider of property and listing
information for the commercial real estate industry. Xceligent utilizes an
efficient, research-focused model to bring critical business information about
property listings, sales comparables and tenant information to commercial real
estate professionals in markets of all sizes. The company also offers a full
suite of marketing tools to assist brokers and agents in reaching an even
wider audience. Xceligent works with local commercial real estate communities
to meet their individual needs while simultaneously allowing them to reach a
state-wide or national audience. Founded in 1999 and headquartered in
Independence, MO, Xceligent provides services in 30+ markets across the
country. Visit http://www.Xceligent.com for more information.
For more information contact:
Steig Seaward 303-888-3177
sseaward@xceligent.com
SOURCE Xceligent, Inc.

Steig Seaward of Xceligent, Inc., +1-303-888-3177, sseaward@xceligent.com