MOVE Movano Inc

Move, Inc. (NASDAQ:MOVE) and the California State Teachers' Retirement System (CalSTRS) today announced that Geraldine Laybourne has been elected to Move's board of directors, increasing the total number of directors to 11. Ms. Laybourne, a leader in the television media industry, founded Oxygen Media in 1998 to fill a void in the television landscape -- programming targeted to younger women. She serves as its chief executive officer and chairman. The only television network owned and operated by women, Oxygen is rewriting the rulebook for women's entertainment -- on television and on the Web. In addition to its successful television network, Oxygen is creating an online home base for women with unique programming-related broadband content, as well as building interactive tools and applications for women that embody the Oxygen brand. Prior to founding Oxygen, Ms. Laybourne led Nickelodeon for 16 years; she is credited with creating the most widely watched children's channel in the United States and the most profitable channel owned by Viacom. She has also served as president of Disney/ABC Cable Network and vice chair of MTV Networks. "We are confident Gerry will make significant contributions to Move, Inc. shareholders, particularly with her strong background in media and marketing and familiarity with market segments critical to Move's continuing growth," said Joe Hanauer, Move's chairman of the board. "Gerry's broad leadership abilities and extensive experience with online and offline media adds to the strength of our board as we focus on enhancing the consumer experience on Move.com, Realtor.com and Welcome Wagon," said Mike Long, Move's chief executive officer. Pursuant to the terms of the Stipulation and Agreement of Settlement between Move and CalSTRS, the board of Move and representatives of CalSTRS worked cooperatively in identifying Ms. Laybourne to serve as the shareholder nominated independent director on the board of directors. "We are very pleased with the selection of and acceptance by Ms. Laybourne to serve on the Move, Inc. board of directors," said Christopher J. Ailman, CalSTRS chief investment officer. "When CalSTRS was chosen as the Lead Plaintiff in Move's (then Homestore) class action, we committed to doing what was right both for the class members as well as for the long-term health of the Company. With our large commitment to indexed investment management, we have an interest in companies being governed well over the long-term. We commend Joe Hanauer and the Move board of directors for the excellent cooperation that they have displayed towards us during this process, in both spirit and fact. We believe that Ms. Laybourne is a superior candidate who is uniquely suited to serve both the company and shareholders well." Ms. Laybourne currently serves on a number of boards and advisory committees, including Insight Communications, Vassar College, The National Cable and Telecommunications Association, The National Council for Families and Television and Cable Positive. She earned a bachelor's degree in art history from Vassar College and a master's degree in elementary education from the University of Pennsylvania. ABOUT MOVE, INC. Move(TM) (NASDAQ:MOVE), the world's largest moving community, provides home buyers and renters with the real estate and community information, and professional connections they need before, during and after a move. The Company operates Move.com(TM) (www.move.com), the most comprehensive real estate search site for rentals and homes to buy and REALTOR.com(R) (www.realtor.com), the official Web site of the National Association of REALTORS(R). Move also operates Welcome Wagon(R) (www.welcomewagon.com), a 78-year old neighborhood expert that provides new movers with valuable and comprehensive information about businesses and professionals in their new communities. Move.com is the official new homes Web site of the National Association of Home Builders. Move also operates Moving.com (www.moving.com), SeniorHousingNet(TM) (www.seniorhousingnet.com), TOP PRODUCER(R) Systems (www.homeinsight.com), FactoryBuiltHousing.com (www.factorybuilthousing.com) and Homeplans (www.homeplans.com). ABOUT CALSTRS With a $146 billion investment portfolio, the California State Teachers' Retirement System (http://www.calstrs.com) is the second-largest public pension fund in the United States. It provides retirement, disability and survivor benefits to California's 776,000 public school educators from kindergarten through community college. REALTOR(R) and REALTOR.com(R) are registered trademarks of the NATIONAL ASSOCIATION OF REALTORS(R). REALTOR(R) is a federally registered collective membership mark, which identifies a real estate professional who is a Member of the NATIONAL ASSOCIATION OF REALTORS(R) and subscribes to its strict Code of Ethics. This press release may contain forward-looking statements, including information about management's view of Move's future expectations, plans and prospects, within the safe harbor provisions under The Private Securities Litigation Reform Act of 1995. These statements involve known and unknown risks, uncertainties and other factors which may cause the results of Move, its subsidiaries, divisions and concepts to be materially different than those expressed or implied in such statements. These risk factors and others are included from time to time in documents Move files with the Securities and Exchange Commission, including but not limited to, its Form 10-Ks, Form 10-Qs and Form 8-Ks. Other unknown or unpredictable factors also could have material adverse effects on Move's future results. The forward-looking statements included in this press release are made only as of the date hereof. Move cannot guarantee future results, levels of activity, performance or achievements. Accordingly, you should not place undue reliance on these forward-looking statements. Finally, Move expressly disclaims any intent or obligation to update any forward-looking statements to reflect subsequent events or circumstances.