Tuesday, January 8, 2013

ZipRealty Enters 2013 With Healthy Momentum



Lanny Baker
 EMERYVILLE, CA – ZipRealty, Inc. (http://www.ziprealty.com) (NASDAQ: ZIPR), the most prominent online technology-enabled residential real estate brokerage company, today announced that, based upon preliminary information, it expects to achieve positive Adjusted EBITDA for the full year 2012, marking a financial turning point for the company.

“We expect to fulfill our commitment to generate positive Adjusted EBITDA in 2012, while strengthening ZipRealty’s core assets and positioning the company for strong growth in the years to come,” said Lanny Baker, Chief Executive Officer and President.

 “Our redesigned website and mobile apps are winning rave reviews, and major upgrades to our agent platform are generating similar amounts of excitement.

“As this new phase of product innovation starts to differentiate ZipRealty, we are extremely pleased to have achieved year to year growth in net transaction revenue in the fourth quarter on a same market basis, reversing negative comparisons in prior quarters.”

For a complete copy of the company’s news release, please contact:

Stacey Corso
Public Relations Manager
ZipRealty, Inc.
(510) 735-2667



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