LoopNet Reaffirms Financial Guidance for Quarter Ending March 31, 2009

SAN FRANCISCO--(Business Wire)--
LoopNet, Inc. (NASDAQ:LOOP), the leading online marketplace for commercial real
estate and businesses for sale in the United States, today reaffirmed existing
guidance for revenue, adjusted EBITDA, and non-GAAP net income, for the quarter
ending March 31, 2009.

As outlined on February 11, 2009, the Company expects revenue to be in the range
of $19.7 to $20.0 million, adjusted EBITDA to be in the range of $7.5 to $7.8
million, and non-GAAP net income to be in the range of $0.11 to $0.12 per
diluted share, assuming an effective tax rate of approximately 41% to 42%. The
Company expects stock-based compensation to be approximately $0.03 per share
(net of tax benefit) in the quarter ending March 31, 2009. The adjusted EBITDA
and non-GAAP net income guidance for the quarter ending March 31, 2009 exclude
stock-based compensation and litigation related costs.

Management intends to release detailed financial results for the quarter ending
March 31, 2009, after the close of market on April 29, 2009, at which time it
will also host a conference call to discuss these results, as well as recent
business trends.

About LoopNet, Inc.

LoopNet, Inc. is the leading online marketplace for commercial real estate and
businesses for sale in the United States. The LoopNet.com 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 transactions more cost-effectively. 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, CORFAC International, The CORE Network,
Cushman & Wakefield, First Industrial Realty Trust, Grubb & Ellis, Jones Lang
LaSalle, Lee & Associates, Lincoln Property Company, Marcus & Millichap, NAI
Global, ONCOR International, ProLogis, Prudential CRES, RE/MAX, Sperry Van Ness,
Staubach Retail and TCN Worldwide.

Forward-Looking Statements

This release contains forward-looking statements. 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, economic events or trends in the
commercial real estate market or in general, our ability to successfully
identify, complete and integrate any potential acquisitions; our ability to
introduce new or upgraded products or services and customer acceptance of such
services, our ability to integrate service partners into our systems and
platforms, our service partners` ability to expand and manage growth, our
ability to continue to attract unique visitors to our web site, our ability to
continue to attract new registered members, convert them into Premium Members
and retain such Premium Members, our ability to obtain or retain listings from
commercial real estate brokers, agents and property owners, competition from
current or future companies, our ability to receive timely and accurate sales
data from our partners, seasonality and our ability to manage our growth.
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 web site 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.

LoopNet, Inc.
Derek Brown, 415.243.4266
and
Joele Frank Wilkinson Brimmer Katcher
Dan Katcher or Andrea Priest, 212.355.4449

Copyright Business Wire 2009