LoopNet's iPad/iPhone App for Enterprise Solution Customer - The Shopping Center Group - Wins 2011 "Digie" Award at Realcomm

SAN FRANCISCO, June 16, 2011 /PRNewswire/ -- LoopNet, Inc. (Nasdaq: LOOP), a leading provider of commercial real estate marketing, technology and information services and operator of the most heavily trafficked commercial real estate marketplace, today announced that LoopNet enterprise client The Shopping Center Group (TSCG), one of the country's leading retail real estate advisory companies, has been honored with a 2011 "Digie" award for its private label iPad and iPhone mobile applications.  LoopNet developed the native iPad and iPhone Apps for TSCG, which is headquartered in Atlanta, GA.

The Digie awards, which recognize those companies, projects, and solutions that have demonstrated the most innovative use of technology and automation in commercial and corporate real estate, are presented annually at Realcomm.  The Shopping Center Group (http://www.theshoppingcentergroup.com/) and LoopNet (http://www.loopnet.com/) won a 2011 Digie award for "Best Use of Technology" by a commercial real estate brokerage firm.  The awards were announced on June 14 in Orlando at the Realcomm 2011 conference.

The Apps, which were custom branded with the brokerage firm's logo and corporate colors, provide The Shopping Center Group brokers and clients with full access to their firm's entire inventory of exclusive availabilities, property photos and listing flyers while in the field with clients.  Having comprehensive mobile access to listing information through the iPad and iPhone applications allows brokers to address changing client requests immediately and accelerate transactions.  Additionally, the Apps save on printing costs, since brokers no longer need to print or carry marketing materials for every potential property a client might want to see.  These applications are offered as a feature of LoopNet's Enterprise Marketing Package.

"We are honored that The Shopping Center Group won the prestigious Digie award for their custom implementation of LoopNet's iPad and iPhone applications, and very appreciative of the recognition of our newest mobile technologies," said Mike Manning, LoopNet's Vice President of Marketing.  "Our applications can be customized for clients so they have a far more efficient way to communicate with and serve their clients."

LoopNet released the commercial real estate industry's first iPhone App in early 2010, and has continued to innovate rapidly to bring new, cutting edge marketing and information sharing technologies to its corporate and individual clients.  LoopNet's iPhone App was voted the #1 commercial real estate App by Inman News in 2010.  To learn more about private label iPad options, contact LoopNet's Enterprise Solutions team at [email protected].

About LoopNet

LoopNet operates the most heavily trafficked commercial real estate marketplace online with more than four million registered members and more than two million unique monthly visitors as reported by Google Analytics.

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 March 31, 2011, the LoopNet marketplace featured more than $450 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, Cassidy Turley, CB Richard Ellis, Coldwell Banker Commercial, Colliers International, Cushman & Wakefield, Grubb & Ellis, Jones Lang LaSalle, 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 iPad and iPhone applications, 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 customized iPhone and iPad applications, 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 website, 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 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.

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