News March 2001 LoopNet and PropertyFirst Have Approved a Merger of the Two Firms. Washington, D.C. - The boards of directors of LoopNet and PropertyFirst have approved a merger of the two firms, creating the commercial real estate industry's leading Internet company. The new company, which will operate under the LoopNet name, is the largest online commercial property marketplace, with over 145,000 sale and lease listings and nearly 200,000 commercial real estate members. The LoopNet and PropertyFirst technology will be integrated in the near future, however, this will be done transparently so that users will not be affected. Your listings and LoopLink subscriptions will not be affected. Please continue to add properties as you have in the past, either on LoopNet or PropertyFirst. There is no need to add them on both sites. In the future, the databases will be merged and there will only be one web site. No listing data will be lost during this process. In the meantime, continue to use LoopNet as you have, and watch for upcoming announcements about new products and services. Thank you very much for your ongoing support.