CAMPBELL, Calif., Jan. 13, 2011 /PRNewswire/ -- AOL Inc. (NYSE:
AOL) and Move, Inc. (Nasdaq: MOVE) today announced an agreement
giving Move exclusive rights to power the AOL Real Estate homes for
sale search experience. The agreement delivers a powerful ad
network for agents and advertisers to expand their reach and
visibility to AOL.com's millions of monthly visitors.
The AOL Real Estate experience powered by Move will deliver a
user experience customized for AOL with instant access to accurate
property listings, neighborhood and school content, and connections
to real estate experts. Leveraging Move's ListHub network, Move
will syndicate millions of listings to AOL Real Estate and power
the home buyer's search experience using their proprietary search
technology launched in late 2010.
While Move will begin powering the AOL Real Estate homes for
sale listings search experience later this year, Move and AOL Real
Estate will soon begin coordinating sales efforts to benefit
agents, brokers, and advertisers. Agents and brokers
syndicating to AOL Real Estate through Move can receive greater
efficiency by extending their reach in the online marketplace with
one easy-to-manage data feed.
"Our new relationship with AOL Real Estate is an exciting
opportunity for Move to once again deliver on our commitment to
connect agents with large, high-quality audiences of potential
buyers," said Move, Inc., Chief Executive Officer Steve Berkowitz. "By remaining focused on
delivering an exceptional user experience, accurate data, and high
value products, Move continues to build our category leadership to
the benefit of consumers, agents and brokers. We're excited to move
forward with AOL and use our combined strengths to help agents and
advertisers grow their businesses."
"AOL will be doubling down on our strategy in 2011," said
Tim Armstrong, Chairman and Chief
Executive Officer, AOL Inc. "As part of that effort, we will be
partnering with companies in areas that add strength to the
consumer experience and drive profitability for AOL."
The AOL Real Estate search experience powered by Move will
launch in the second half of 2011, and be available to home buyers
from the AOL Real Estate homepage. The financial terms of the
agreement were not disclosed.
About AOL
AOL Inc. (NYSE:AOL) is a leading global Web services company
with an extensive suite of brands and offerings and a substantial
worldwide audience. AOL's business spans online content, products
and services that the company offers to consumers, publishers and
advertisers. AOL is focused on attracting and engaging consumers
and providing valuable online advertising services on both AOL's
owned and operated properties and third-party websites. In
addition, AOL operates one of the largest Internet subscription
access services in the United
States, which serves as a valuable distribution channel for
AOL's consumer offerings.
ABOUT MOVE, INC.
Move, Inc. (Nasdaq: MOVE) is the leader in online real estate
listings, and has 11.6(1) million monthly visitors to its online
network of web sites. Move, Inc. operates: Move.com, a leading
destination for information on new homes and rental listings,
moving, home and garden and home finance; Realtor.com(R), the
official web site of the National Association of Realtors(R);
Moving.com; SeniorHousingNet; Top Producer Systems, and ListHub.
Move, Inc. is based in Campbell,
California.
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.
(1) comScore Media Metrix, November
2010
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http://photos.prnewswire.com/prnh/20080213/MOVEINCLOGO)
SOURCE Move, Inc.