RESAAS Services Inc.
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RESAAS Services Inc.

May 30, 2012 10:00 ET

RESAAS Announces Opening of US Office in Newport Beach, CA

A Social Network for the Real Estate Industry Expands into the U.S.

VANCOUVER, BRITISH COLUMBIA--(Marketwire - May 30, 2012) - RESAAS Services Inc. (CNSX:RSS), an Enterprise Platform for Real Estate Professionals, Mortgage Specialists, Home Buyers and Sellers, is pleased to announce the opening of our United States office at 370 San Miguel Road in Newport Beach, California.

"This location is ideal for us. It's very close to a number of important real estate communities and brokerages and gives us a central location to attract outstanding employees from all over the Southern California region. The office will be home to our sales, marketing, and customer service teams," says Michael St. Hilaire, Chief Operating Officer at RESAAS.

Michael continues, "We are committed to providing RESAAS users with an outstanding customer service experience with our site. This new office space will allow us to fulfill that goal and give us the room we need to expand our US operations prior to the public launch of the RESAAS platform."

About RESAAS

RESAAS is a technology company incorporated in British Columbia on June 4, 2009 and has created an enterprise platform for real estate professionals, mortgage specialists, home buyers and sellers to connect and communicate in real time.

The RESAAS platform consists of a collection of interactive, real-time services including an enterprise professional network, real estate question and answers service, listing database, and social synchronization capabilities. All of the services can also be accessed via RESAAS' mobile apps on the iPhone, Android, Windows Phone, and the iPad.

For more information, please visit our website at www.resaas.com and follow us on Twitter at @RESAAS.

Forward-Looking Information

This press release includes forward-looking information within the meaning of Canadian securities legislation, concerning the expected functionality of RESAAS's technology platform following its launch. The forward-looking information is based on certain key expectations and assumptions made by RESAAS' management, including finalizing the design and development of the technology platform. Although RESAAS believes that the expectations and assumptions on which such forward-looking information is based are reasonable, undue reliance should not be placed on the forward-looking information because RESAAS can give no assurance that they will prove to be correct. These forward-looking statements are made as of the date of this press release and RESAAS disclaims any intent or obligation to update publicly any forward-looking information, whether as a result of new information, future events or results or otherwise, other than as required by applicable securities laws.

This news release is not an offer of the securities for sale in the United States. The securities being offered have not been registered under the United States Securities Act of 1933, as amended, and may not be offered or sold in the United States or to, or for the account or benefit of, U.S. persons absent registration or an applicable exemption from registration requirements.

The CNSX has not reviewed, nor approved or disapproved the content of this press release.

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