LoopNet Ranks Among the Nation’s Fastest-Growing Technology Companies, According to Deloitte & Touche

SAN FRANCISCO, CA (November 24, 2008) — LoopNet, Inc. (NASDAQ: LOOP), which operates the largest online commercial real estate marketplace at http://www.LoopNet.com, ranks among the nation’s fastest-growing technology companies based on revenue growth, according to Deloitte  &  Touche USA LLP.

Each year, the accounting and consulting firm ranks U.S. companies based on five-year revenue growth.  For the period from 2003 through 2007, LoopNet recorded revenue growth of 575%, earning the company the 286th spot on Deloitte’s 2008 Technology Fast 500 list.  LoopNet also ranks 29th on Deloitte  &  Touche’s Silicon Valley Technology Fast 50 (Internet, Media  &  Entertainment and Communication category), which is based on revenue growth during the same five-year period.

LoopNet has been named to the Deloitte Technology Fast 500 list for four consecutive years.

“We are honored to be recognized by Deloitte  &  Touche as a Technology Fast 500 recipient once again, and to be among other recognized technology leaders including Google, Yahoo and Netflix,” said Thomas Byrne, LoopNet’s President and Chief Operating Officer.  “Our growth is the direct result of the continued migration of the commercial real estate industry from offline advertising to online marketing and specifically to the growing adoption and use of the LoopNet marketplace to market and search for commercial properties for sale and commercial space for lease.”


About LoopNet

LoopNet, Inc. is the leading online marketplace for commercial real estate and businesses for sale in the United States.  The LoopNet marketplace covers all commercial property categories, including office, industrial, retail, multifamily (apartment properties for sale), hotel, land, specialty properties, and businesses for sale.  At the end of September 2008, LoopNet had more than three million registered members and the LoopNet marketplace featured more than $535 billion of property available for sale and 4.9 billion square feet of space for lease.  According to comScore Media Metrix, LoopNet is the most heavily trafficked commercial real estate web site, with 910,000 average monthly unique visitors for January through September 2008.  

LoopNet customers include virtually all of the top commercial real estate firms in the U.S., including CB Richard Ellis, Century 21 Commercial, Coldwell Banker Commercial, Colliers International, The CORE Network, Cushman&Wakefield, First Industrial Realty Trust, Grubb&Ellis, Lee&Associates, Lincoln Property Company, Marcus & Millichap, NAI Global, ONCOR International, Prudential CRES, RE/MAX, Sperry Van Ness, Staubach Retail and TCN Worldwide.


Forward-Looking Statements

This release contains forward-looking statements regarding LoopNet’s online commercial marketplace, our customers, our strategic alliances, the continuing adoption of the Internet to market and search for commercial real estate and the value we provide to our members.  These statements are based on current information and expectations that are inherently subject to change and involve a number of risks and uncertainties.  Actual events or results might differ materially from those in any forward-looking statement due to various factors, including, but not limited to, economic events or trends in the commercial real estate market or in general, our ability to introduce new or upgraded products or services and customer acceptance of such services, our ability to integrate service partners into our systems and platforms, our service partners’ ability to expand and manage growth, our ability to continue to attract unique visitors to our web site, our ability to continue to attract new registered members, convert them into Premium Members and retain such Premium Members, our ability to obtain or retain listings from commercial real estate brokers, agents and property owners, competition from current or future companies, our ability to receive timely and accurate sales data from our partners, seasonality and our ability to manage our growth.  Additional information concerning factors that could cause actual events or results to differ materially from those in any forward-looking statement is contained in our filings with the Securities and Exchange Commission (SEC).  Copies of filings made by us with the SEC are available on the SEC’s web site or at http://investor.LoopNet.com/sec.cfm.  LoopNet does not intend to update the forward-looking statements included in this press release that are based on information available to us as of the date of this release.