Social Networking Site Launches to Bring Together Cross-Industry Real Estate Professionals

First site to Offer Full Set of Networking Tools for All Real Estate

    Professions, Including Development, Brokerage, Finance, Investment,
                   Appraisal, Construction and Government

    NEW YORK, May 19 /PRNewswire/ -- MyDealBook.com, the world's first
website to meet the specific needs of cross-industry real estate
professionals, launched today with more than 330,000 new members. The
social media website is the only site aimed at bringing together
professionals from all real estate-related industries, including 40
professions in areas such as development, brokerage, finance, investment,
appraisal, construction and government. Cross-industry professionals from
residential, commercial, industrial, retail and office segments now have a
central place for networking, collaboration and business expansion.

    The brainchild of Ryan Slack, PropertyShark.com's former CEO, and his
partners Mark Schacknies and Nima Negahban, MyDealBook.com addresses the
specific needs of real estate professionals. "The more generalist sites,
such as LinkedIn and Facebook, are not sufficient to meet the needs and
growing challenges of real estate professionals," said Slack, CEO of
MyDealBook.com. "We've taken the best of social networking and combined it
with tools designed to help our users' businesses."

    Slack adds that while there are a few other websites aimed at real
estate business, these sites only provide blogs and forums aimed at
residential real estate agents and consumers. "In this challenging real
estate environment, we aim to help real estate professionals increase the
number of market opportunities that will allow them to accelerate their
business," said Slack. "MyDealBook.com is a business tool delivered through
a social networking site. Not only can members network with one another,
they can use the site to manage projects and deals with all professionals
involved."

    MyDealBook.com complements PropertyShark.com, the real estate data site
which incubated it, and has leveraged PropertyShark's established members
of 330,000 users. PropertyShark provides detailed parcel-level property
data and the tools for members to make the most of that information.

    MyDealBook.com's Features Specific to Needs of Real Estate Business

    MyDealBook.com combines the best social networking techniques with
powerful tools specific to the needs of real estate professionals. Its
features are designed to help users expand professional networks, find new
business and manage projects. Features include user profiles, messaging,
networking and marketplace listings, as well as:

    Deals -- features a unique deal management system that allows users to
post their professional activities to gain credibility, promotion for their
projects, seek funding, market properties and share files

    Mini-feed -- provides users insight into the projects and deal flow
within their network

    Events -- lists opportunities for real estate professionals to connect
in person, including networking mixers, speed networking, conferences,
training, site visits, fundraisers, sporting events, and more

    Groups -- enables users to join or form their own groups for specific
purposes, such as organizing events, sharing deal information,
collaborating, forming company teams, office networks and investment clubs

    Natural groups -- automatically groups users by company, profession,
location, educational institution, professional association, state
licensing and professional designation, to allow easy search and
identification of potential clients, business partners, or service
providers

    Services -- provides powerful tools to search and match users with
complementary business partners

    Jobs -- provides its users with opportunities to find or advertise job
openings specific to the real estate industry. The Jobs feature is
scheduled for release in June

    Specifications and Pricing

    MyDealBook.com is now available, and membership is free. Premium
subscription services will be available in coming months to provide
powerful work tools such as: matchmaking referral services, VIP features
and privileges which raise a user's visibility on the site, e-mail contact
tools and advanced group/event tools, such as the ability for members to
charge fees for events or group membership.

    MyDealBook.com will host its first two real estate mixers at Apartment
24 in San Francisco on June 3, at 6 p.m. (RSVP:
http://mydealbook.com/events/mdbsf) and at BLVD in New York City on June 10
(RSVP: http://mydealbook.com/events/mdbnyc) .

    About MyDealBook.com

    With over 330,000 professional members, MyDealBook.com is the only
professional networking site for the entire real estate ecosystem,
including architects, developers, investors, appraisers, publicists,
attorneys, lenders and 33 other distinct professions within the real estate
industry. Members manage their deals and projects, form groups, sign up for
events and expand their professional networks, all with the goal in mind of
doing more and better business. MyDealBook.com addresses the needs of all
professional real estate participants, especially in a down market, by
providing opportunities for self-marketing, deal advertisement, and
locating investors/buyers.

    Originally founded in May of 2007 by Mark Schacknies, a real estate
developer, and Nima Negahban, MyDealBook.com was acquired in March 2008 by
MDB LLC, a firm run by MyDealBook.com CEO Ryan Slack, who left
PropertyShark.com to lead the new company. MDB LLC is a marketing partner
of PropertyShark.com and leverages the existing user base of
PropertyShark.com. MyDealBook.com is headquartered in New York City.SOURCE MyDealBook.com

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