Final Buzzer Sounds! LoopNet Announces 2012 National College Basketball Bracket Challenge Winners

SAN FRANCISCO, April 16, 2012 /PRNewswire/ -- LoopNet, Inc. (NASDAQ: LOOP), which operates the most heavily trafficked commercial real estate marketplace online, is pleased to announce the winners of the 2012 LoopNet Bracket Challenge, an online contest open to all commercial real estate professionals across the U.S.

The challenge brought the excitement and competition of the NCAA college basketball finals right to commercial real estate professionals' desktops, laptops, iPads and smartphones.  Participants submitted their picks to win 67 college basketball tournament games, and then followed along online while the tournament unfolded.

Contest winners include:

"Congratulations to Terrance Gist and the rest of our winners in successfully predicting college basketball's top teams," said Mike Manning, Vice President of Marketing for LoopNet.  "The contest was a ton of fun, thanks to the more than 2,500 LoopNet members who participated.  See you next year!"

Visit http://www.LoopNet.com/BracketChallenge to review the 2012 Bracket Challenge final standings and scoring details.

About LoopNet

LoopNet, available at http://www.LoopNet.com, operates the most heavily trafficked commercial real estate marketplace online with more than five million registered members and 2.8 million unique monthly visitors as reported by Google Analytics.  LoopNet also now offers one of the largest commercial property databases with more than 25 million commercial property records.  

The LoopNet marketplace covers all commercial property categories, including office, industrial, retail, multifamily (apartment properties for sale), hotel, land, specialty properties, investment properties and businesses for sale.  As of December 31, 2011, the LoopNet marketplace featured more than $440 billion of property available for sale and 6.7 billion square feet of space for lease.

LoopNet customers include virtually all of the top commercial real estate firms in the U.S., including Apartment Realty Advisors, Avison Young, Cassidy Turley, CB Richard Ellis, Coldwell Banker Commercial, Colliers International, Cushman & Wakefield, Jones Lang LaSalle, Lee & Associates, Lincoln Property Company, NAI Global, Newmark Knight Frank, The Shopping Center Group and Sperry Van Ness.

Forward-Looking Statements

This release contains forward-looking statements regarding the anticipated benefits of LoopNet's efforts to differentiate our online commercial marketplace, deliver increasing value to our customers, and the exposure for available properties listed on our marketplace.  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, the value and functionality of our new products, ongoing volatility in the commercial real estate market, whether increased traffic will lead to new registered members, and our ability to convert them into Premium Members and retain them, our ability to continue to attract unique visitors to our website, our ability to obtain or retain listings from commercial real estate brokers, agents and property owners, competition from current or future companies, seasonality, our ability to manage our growth and the impact of our pending merger with CoStar, including the possibility that the merger does not close, disruption caused by the merger or that LoopNet products and offerings are modified following the merger.  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 website 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.

SOURCE LoopNet, Inc.