LoopNet Goes Mobile With Two Additional Solutions That Make it Easier to Conduct Business Anywhere and Anytime!

SAN FRANCISCO, Aug. 3 /PRNewswire-FirstCall/ -- LoopNet, Inc. (Nasdaq: LOOP), which operates the largest online commercial real estate marketplace, announced today the launch of two mobile product solutions designed to deliver critical information to meet clients' increasing need to access commercial property information when in the field and away from their offices: a mobile version of the #1 ranked LoopNet.com marketplace, and the industry's first mobile iPad App.

With the launch of the LoopNet mobile web site, at http://m.LoopNet.com, LoopNet builds upon the success of its iPhone App by extending easy-to-use mobile search and display capabilities to Blackberry, Android and other popular smart phones.  Optimized for viewing on all major mobile browsers, the LoopNet mobile web site allows clients to view for sale and for lease availabilities, listing details, property photos and contact the listing broker.  

"Commercial real estate professionals spend a significant percentage of their time in the field meeting with clients and touring properties," says Mike Manning, Vice President of Marketing for LoopNet.  "They also demand real-time access to property information and the ability to collaborate with clients regardless of location.  LoopNet is committed to providing them the most efficient and useful mobile solutions to maximize their time outside of the office and ultimately help accelerate the deal-making process."

Brokers are already seeing concrete benefits from increased mobile access to LoopNet information.  Rene' Nelson, CCIM of Eugene, Oregon, said, "I was showing space to a potential tenant and pulled up LoopNet on my iPhone while we stood in the parking lot.  I was able to show her both that the owner was offering an incredible deal, and that the other available properties were out of her price range, saving us both hours of time.  We met with the owner on the spot and negotiated a three-year lease based on my client having peace of mind that she had secured the best deal around!"

Also announced today, LoopNet launched the commercial real estate industry's first iPad App.  With its larger screen size, the iPad promises excellent utility as an in-the-field tour book and information resource, complete with access to interactive maps, high resolution photos, market trend graphs and property details.  Additionally, the iPad App provides subscribers with access to LoopNet's newly launched Property Research Database of 7.5 million properties to view details on owners, tenants, historical listing information, mortgage liens, assessed values, tax records and more.

Visit LoopNet.com/Mobile for screen shots and download options.

About LoopNet

LoopNet operates the most heavily trafficked commercial real estate marketplace online with more than four million registered members and approximately five million unique visitors quarterly as reported by Google Analytics.  LoopNet also now offers one of the largest commercial property databases with more than 7.5 million commercial property records.  

The LoopNet marketplace, available at http://www.LoopNet.com, 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 June 30, 2010, the LoopNet marketplace featured more than $455 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 CB Richard Ellis, Cassidy Turley, Century 21 Commercial, Coldwell Banker Commercial, Colliers International, Cushman & Wakefield, Grubb & Ellis, Jones Lang LaSalle, Lincoln Property Company, Marcus & Millichap, NAI Global, ProLogis, RE/MAX and Sperry Van Ness.

Forward-Looking Statements

This release contains forward-looking statements regarding the anticipated benefits of LoopNet's Mobile Web Site, iPad Application and Property Research Database, our efforts to differentiate our online commercial marketplace, deliver increasing information and 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 accessibility and functionality of our new Property Research Database, continuing popularity and additional adoption of smart phones and iPads, ongoing volatility in the commercial real estate market, whether additional services 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 web site, our ability to obtain or retain listings from commercial real estate brokers, agents and property owners, competition from current or future companies, 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.

SOURCE LoopNet, Inc.