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AUSTIN, Texas - February 18, 2003 - Builder Homesite, Inc. (BHI) announced today a partnership with Classified Ventures, LLC (CV) to provide new home community listings and data management services for its HomeScape ASP real estate Web customers. As part of the arrangement, Classified Venture's network of over 140 newspapers will now have access to the online new home data of the BHI builder consortium, as well as its NewHomeSource.com data collection and management technologies to service their builder online advertisers.
NewHomeSource.com (NHS), the first product launched by BHI, currently maintains data for over 4,500 new home communities across the US. "We are pleased to offer this service to top newspapers across the country, and our builders are happy that this arrangement will make it easier for them to reach the growing online audience in so many top builder markets," says Tim Costello, CEO of BHI.
Daniel A. Jauernig, president and chief executive officer of Classified Ventures, said, "We are happy to have access to BHI's builder consortium data for our newspapers. Builders have been relying on newspapers for years to get their message out to new home buyers, and this partnership will help enrich that marketing relationship for years to come."
Speaking on behalf of the BHI builder consortium, Ian J. McCarthy, president and CEO of Beazer Homes and member of the Builder Homesite Board of Directors, also looks for the relationship to help create operational efficiencies. "One of the goals of BHI is to help builders reduce the cost of listing homes online by streamlining the process. This partnership goes a long way toward building the hub and spoke data management system that helps our local online marketing efforts become more efficient."
About Builder Homesite, Inc. and NewHomeSource.com
Founded in Austin, TX in 2000 by a consortium of thirty-one of the nation's largest homebuilders, Builder Homesite, Inc. (BHI) represents over 400,000 new home sales annually. BHI's mission is to offer improved technology and marketing solutions for the new home industry. The first product by Builder Homesite is NewHomeSource.com, a consumer website offering the most comprehensive information and selection of new homes available on the Internet. Because of their extensive distribution network, many additional builders are making BHI their entry point into the Internet. By providing data to a single source -- New Home Source -- builders can not only be listed on that website, but also participate in other BHI online partner channels including MSN, newspaper websites, realtor websites, CitySearch, eBay and Yahoo!
About Classified Ventures
Classified Ventures manages the Internet's leading destinations in three classified advertising categories: homes for sale, automotive and apartment rentals. In partnership with 170 newspaper and television station affiliates, Classified Ventures has developed a national network of on-line marketplaces containing the Web's best local content for buyers, sellers and renters. CV's products are HomeScape ASP, a private-label online real estate application service provider, Apartments.com, and cars.com. Based in Chicago, Classified Ventures is owned by six leading media companies: Belo Corp. (NYSE: BLC), Gannett Co., Inc. (NYSE: GCI), Knight Ridder (NYSE: KRI), The McClatchy Company (NYSE: MNI), Tribune Company (NYSE: TRB) and The Washington Post Company (NYSE: WPO).
Press Contacts
Eleanor Bowman
Builder Homesite/New Home Technologies
512.413.5278
ebowman@builderhomesite.com
Sam Sebastian
Classified Ventures, LLC
312.601.6201
ssebastian@classifiedventures.com
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