SOURCE: ZipRealty

April 17, 2008 16:06 ET

ZipRealty Expands Footprint in New York State

ZipRealty Actively Works With Buyers and Sellers in Several Boroughs, Long Island, Putman and Westchester Counties

EMERYVILLE, CA--(Marketwire - April 17, 2008) - ZipRealty, Inc. ( (NASDAQ: ZIPR), the nation's largest online-based, full-service real estate brokerage, providing clients with high quality service and savings, announced today that it has expanded its presence in New York.

ZipRealty, which first entered Westchester County in late 2007, now includes a growing team of local and licensed employee-agents in several boroughs, including the Bronx, Brooklyn, and Queens, as well as in Nassau, Putnam, and Suffolk counties.

"We continue to expand our national footprint by entering key metropolitan areas coast to coast, and we're excited to work with buyers and sellers across the greater New York City area," said ZipRealty Chief Executive Officer Patrick Lashinsky. "We're confident that New York homebuyers and sellers will be excited about our Web site, the market expertise of our local agents, and our alternative approach to real estate."

As is true for each of the 34 markets the Company operates in nationally, the Company offers its clients all of the services of a traditional residential real estate brokerage coupled with exceptional search technology. In addition, the Company rebates buyers 20 percent of its commission, and sells homes for up to 25 percent less than the typical market commission.*

District Director, George Votino, oversees recruiting and training efforts of ZipRealty agents for the boroughs of the Bronx, Brooklyn, and Queens, as well as Nassau, Putnam and Suffolk counties. Mike McNamara is the District Director overseeing Westchester County.

About ZipRealty

ZipRealty is a full-service residential real estate brokerage firm. The Company utilizes its user-friendly Web site and employee real estate agents to provide homebuyers and sellers with high-quality service and value. ZipRealty's Web site provides users with access to comprehensive local Multiple Listing Services home listings data, as well as other relevant market and neighborhood information. The Company's proprietary business management system and technology platform helps to reduce costs, allowing the Company to pass on significant savings to consumers. Founded in 1999, the company operates in 34 major markets in 19 states and the District of Columbia. For more information on ZipRealty, visit or call 1-800-CALL-ZIP.

Cautionary Language

This release contains forward-looking statements within the meaning of the "safe harbor" provisions of the federal securities laws, including, without limitation, our confidence that homebuyers and sellers will be excited about our Web site, the market expertise of our local agents, and our alternative approach to real estate. The forward-looking statements are subject to risks and uncertainties that could cause actual events to differ materially from those projected, including the risk factors set forth in our Form 10-K filed with the SEC for the fiscal year ended December 31, 2007 and other filings with the SEC including our quarterly Form 10-Qs and periodic Form 8-Ks. The forward-looking statements included in this release are made as of today's date and, except as otherwise required by law, we do not intend to update these forward-looking statements to reflect events or circumstances after the date hereof.

*ZipRealty's rebate is subject to certain restrictions. See Web site for details.

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