LoopNet Reports Second Consecutive Full Year of GAAP Profitability as Membership, Site Traffic and User Activity Soar

LoopNet Reports Second Consecutive Full Year of GAAP Profitability as Membership, Site Traffic and User Activity Soar

Revenue Growth Exceeds 60% for 2004

SAN FRANCISCO, Jan. 31 /PRNewswire/ -- LoopNet, Inc., a leading information services provider that operates the largest and most heavily trafficked commercial real estate listing service online, reported today that the company achieved its second consecutive year of GAAP profitability and positive cash flow for calendar year 2004. LoopNet's revenue for 2004 increased more than 60% over the prior year.

"We are very pleased with the exceptional results that our company achieved during 2004. We attribute our success to our employees and clients, who have embraced our partnering-based business approach and who value our 'Put Clients First' business philosophy," said Richard Boyle, LoopNet President and Chief Executive Officer. "With eight consecutive quarters of increasing growth and profitability, LoopNet is well positioned and committed to continuing to expand and improve our service offerings and provide additional value to our customers and business partners. We are continually looking for ways to improve the value of our industry-leading listing service and the Premium Membership product. During 2004, LoopNet complemented our existing business with the acquisition of BizBuySell, Inc., the leading online business for sale listing service. Looking forward into 2005 and beyond, we are excited about LoopNet's opportunity to provide increasing value to our clients as we add new services and accelerate the adoption of our exciting products and services."

Other key operating statistics achieved during 2004 include:

* Registered members surpass 700,000
* Premium subscribers surpass 35,000 (LoopNet's total paid customer base
exceeds 80,000)
* Unique user sessions surpass 2.3 million per month
* Property listings returned in searches surpass 60 million per month
* Property listings currently available surpass 265,000



Commenting on LoopNet's 2004 performance, Noel Fenton, General Partner of Trinity Ventures and a member of LoopNet's Board of Directors, said, "LoopNet's business model clearly aligns well with the industry's and its customers' needs. Their membership, revenue and system activity growth rates confirm the industry's demand for LoopNet products and services. With more than 700,000 registered members, LoopNet is clearly the leading online platform for marketing and searching for commercial real estate and businesses for sale in North America."

Founded in 1995, LoopNet (www.LoopNet.com) is the #1 commercial real estate listing service online, with more registered members, more unique visitors to its web site, more geographic coverage and more listings than any other service. Commercial real estate brokers, principals, investors, tenants and other commercial property professionals use LoopNet to list, market and search for available properties throughout the U.S. and Canada.

Membership and Site Traffic Hit Record Highs

While the company did not disclose specific financial information, LoopNet reported a host of other statistics on its membership base, site traffic and listings content:

Membership: At year-end 2004, registered members of the company's core listing service exceeded 700,000, an increase of more than 55% from the year- earlier period. During 2004, subscriptions to LoopNet's Premium Membership surpassed the 35,000-subscriber mark, an increase of more than 65% from the previous year.

Site Traffic & Listing Exposure: Unique visitors to LoopNet exceed 140,000 on a weekly basis, making LoopNet the most heavily trafficked commercial real estate web site on the Internet, according to Alexa, an Amazon.com affiliate. According to Alexa, LoopNet is among the top three most heavily trafficked sites within all real estate categories (including residential), and overall LoopNet ranks within the top 4,000 of all web sites. As a result, LoopNet provides the highest possible exposure for available commercial properties by delivering nearly four times the exposure of all other real estate listing services combined.

LoopNet members generate more than 2.3 million user sessions per month and property listings returned in searches exceed 60 million per month.

Property Availability Information: At year-end 2004, LoopNet featured more than $175 billion of properties listed for sale and 2.5 billion square feet of space for lease. The total number of active commercial real estate availabilities on LoopNet exceeds 265,000.

About LoopNet

LoopNet, Inc., a leading information services provider to the commercial real estate industry, delivers a comprehensive suite of products and services to meet the national and local needs of commercial real estate firms, organizations and professionals. LoopNet operates the largest commercial real estate listing service online, with more than $175 billion of property listed for sale and 2.5 billion square feet of space for lease. With more than 700,000 members, LoopNet attracts the largest community of commercial real estate professionals. LoopNet's market-leading LoopLink product powers the web sites of more than 1,000 commercial real estate organizations and seamlessly integrates their web sites with LoopNet's listing service at www.LoopNet.com.

LoopNet customers include virtually all of the top commercial real estate firms in the U.S., including AMB Property Corp., CB Richard Ellis, Century 21 Commercial, Coldwell Banker Commercial, Colliers International, The CORE Network, Cushman & Wakefield, Grubb & Ellis, Lincoln Property Company, Marcus & Millichap, NAI, Prudential CRES, RE/MAX, RREEF, Sperry Van Ness, The Staubach Company and Trammell Crow Company.

LoopNet also owns and operates BizBuySell, Inc., the largest and most heavily trafficked online exchange for businesses for sale in North America, with more business listings, users and search activity than any other web site. BizBuySell features over 27,000 businesses for sale listings that are searched by more than 400,000 monthly visitors and has the largest database of sale comparables for recently sold businesses.


Source: LoopNet, Inc.

CONTACT: Cary Brazeman, +1-310-205-3590, pr@loopnet.com, for LoopNet,
Inc.

Web site: http://www.loopnet.com/


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