ZIPR Ziprealty (MM)

Interwise�, the global leader in unlimited voice, web and video conferencing for the enterprise, today announced that the ZipRealty Inc. (NASDAQ: ZIPR) has chosen Interwise Connect� for its corporate rollout of converged conferencing. ZipRealty is a full-service residential real estate brokerage firm that makes innovative use of the Internet in its services to home buyers and sellers. ZipRealty selected Interwise for its state-of-the-art integrated conferencing features. Interwise Connect will allow the company�s 1,875 ZipAgents to attend live, web-based virtual meetings, telephone conferences, live and recorded online classes and broadcasts using either a traditional telephone, a PC or both. ZipRealty recently announced that it would accelerate its nationwide expansion program by opening operations in eight to twelve new markets in 2007. As part of its well thought-out plan for capturing opportunities in those markets, the company identified technology, agent training and collaboration as key enablers for success. Interwise Connect will serve as the company�s integrated voice, web and video conferencing and collaboration platform. �Our selection of Interwise Connect aligns well with our goal of making technology investments that will make our agents more productive and give our customers a better experience,� said Joe Trifoglio, vice president, chief information officer for ZipRealty. �We were pleased to be able to upgrade our conferencing capabilities so economically�we added many extra features without taking a budget hit. In addition, we liked that Interwise Connect can integrate with our PBX and active directory systems, as well as IM and softphone functions.� The selection of Interwise Connect for ZipRealty�s communications, collaboration and training complements the company�s Internet-savvy approach to real estate. The company already provides online chat and advanced search technologies for its customers online. In addition to getting valuable training and information in real time, ZipAgents will be able to use the tool for collaborative web meetings, contract negotiations and more. Interwise Connect provides voice, Web and video conferencing within a single application for unlimited audio conferences, Web meetings, virtual classes, Web seminars, broadcasts and on-demand recordings. Deployed as a core business application to all employees, it improves the frequency, speed and quality of both internal and external business activities. Interwise Connect integrates with existing enterprise IT and PBX systems, email and calendaring applications. It allows customers to achieve the cost benefits of VoIP conferencing securely, without having to engage in PBX and telephone handset overhauls. Interwise Connect is a leading choice of Global 2,000 companies, with more worldwide deployments of 5,000-plus seats than any other enterprise conferencing solution on the market. About ZipRealty ZipRealty is a full-service residential real estate brokerage firm. The Company uses the Internet, proprietary technology and efficient business processes to provide home buyers and sellers with high-quality service and value. Founded in 1999, the Company currently operates in 26 major metropolitan areas in 16 states and the District of Columbia. The Company's client-centric business strategy utilizes a sophisticated Web site, which enables home buyers and sellers to access comprehensive local Multiple Listing Services home listings data and other relevant information. The Company also utilizes a proprietary business management technology platform, which reduces costs and allows the Company to pass on significant financial savings to consumers. This Internet-enabled, technology-driven, employee-based model provides the Company with a distinct competitive advantage, allowing ZipRealty to consistently deliver outstanding service to clients. For more information on ZipRealty, visit www.ziprealty.com or call 1-800-CALL-ZIP (1-800-225-5947). About Interwise Interwise is the leader in delivering unlimited voice, Web, and video conferencing for the enterprise. Interwise� fixed price / unlimited usage business model and enterprise-class technology combine to make it easy for companies to deliver conferencing and collaboration as a core business application, replacing multiple products with a single, integrated solution that can reduce overall conferencing expenses by 50 per cent or more. For more information, visit www.interwise.com. Trademarks Interwise Connect, Interwise Expressway and the Interwise logo are trademarks and Interwise is a registered trademark of Interwise, Inc. All other trademarks are the property of their respective holders.