SOURCE: Webdigs, Inc.

Webdigs, Inc.

January 06, 2010 08:55 ET

Webdigs Expands Services With the Acquisition of IggysHouse.com

National Launch Includes Free Multiple Listing Service for Sellers

"Our Goal Is to Create a Rich, New, User-Friendly Real Estate Business Model," Says Josh Katz, Senior Vice President

MINNEAPOLIS, MN--(Marketwire - January 6, 2010) - Webdigs, Inc. (OTCBB: WBDG) today announced the launch of a new and improved IggysHouse.com, a service that is designed to revolutionize the real estate industry.

Today, IggysHouse.com becomes the only company allowing sellers to list their home on the MLS free. IggysHouse.com also offers a free website for every home seller in the United States. Sellers can use this website to post detailed content about their home, including unlimited photos and videos.

"There is a lot at stake for the U.S. and consumers who spend an estimated $50 billion annually in real estate commissions. This new model will have an immediate impact and immeasurably increase consumer choice and savings," according to Rob Buntz, CEO of Webdigs.

More than 70% of all homes are sold through the MLS. MLS listings also appear on leading real estate websites like Realtor.com and local websites. IggysHouse.com provides sellers with access to the best marketing channels -- free.

"By offering MLS listings to sellers at no charge, we have the opportunity to introduce them to Webdigs -- a brokerage service that pays them thousands of dollars when they buy," said Buntz.

"What separates IggysHouse.com from other real estate websites is that our customer's content will be exposed to millions of people searching online," said Buntz. "Our platform attracts buyers from every website that displays our MLS listings, including from the number one real estate site on the web: Realtor.com."

During its first 12 months of operations, IggysHouse.com provided a free website to nearly 20,000 sellers and listed nearly $2 billion worth of homes on the MLS free.

With IggysHouse.com, Webdigs accelerates the industry transformation begun with the launch of Webdigs.com in November 2007. Webdigs.com started providing self-directed homebuyers a substantial REBATE of 50% of the commission it receives as the buyer's agent. Webdigs.com has paid buyers an average rebate of more than $3,600 each since launch in 2007.

"Most home sellers are also home buyers. And the self-directed sellers who recognize the value of using IggysHouse.com are exactly the sort of buyers who would use Webdigs," concluded Buntz.

About Webdigs, Inc.

Webdigs (OTCBB: WBDG) is an innovative real estate concept that combines proprietary, user-friendly technology with exceptional service as well as industry-leading cost savings for buyers and sellers. Leveraging the recently acquired IggysHouse.com and BuySideRealty.com technology along with its own capability and experience, Webdigs can now more readily execute a streamlined, yet rich, real estate experience in the US and internationally.

Forward-looking Statements

Materials in this press release may contain information that includes or is based upon forward-looking statements within the meaning of the Securities Litigation Reform Act of 1995. Forward-looking statements give our expectations or forecasts of future events. You can identify these statements by the fact that they do not relate strictly to historical or current facts. They use words such as "anticipate," "estimate," "expect," "project," "intend," "plan," "believe," and other words and terms of similar meaning in connection with a discussion of future operating or financial performance. In particular, these include statements relating to any projections of revenue, margins, costs, earnings, synergies or other financial items; any statements of the plans, strategies and objectives of management for future operations, including the execution of integration and restructuring plans; any statements concerning proposed new products, services, developments, anticipated performance of products or services or industry rankings; any statements regarding future economic or market conditions or performance; any statements of belief; and any statements of assumptions underlying any of the foregoing.

Any or all of our forward-looking statements here or in other publications may turn out to be wrong. They can be affected by inaccurate assumptions or by known or unknown risks and uncertainties. Many such factors will be important in determining our actual future results. Consequently, no forward-looking statement can be guaranteed. Our actual results may vary materially, and there are no guarantees about the performance of Webdigs stock. We undertake no obligation to correct or update any forward-looking statements, whether as a result of new information, future events or otherwise. You are advised, however, to consult any further disclosures we make on related subjects in our reports to the SEC. In particular, you should read the discussion in the section entitled "Risk Factors" in our Registration Statement on FORM 10/A filed with the Securities and Exchange Commission on October 8, 2008 (SEC File No. 001-34106), as such risk factors may be updated in our subsequent 10-K, 10-Q and 8-K reports. That discussion covers certain risks, uncertainties and possibly inaccurate assumptions that could cause our actual results to differ materially from expected and historical results. Other factors besides those listed there could also adversely affect Webdigs.

Contact Information