biz.yahoo.com
Bamboo.com Announces Agreement With Leading Iowa Real Estate Company
Alliance with Iowa Realty and First Realty/Better Homes & Gardens(r) brings bamboo Virtual Tours(tm) to the Iowa real estate market
PALO ALTO, Calif--(BUSINESS WIRE)--Sept. 15, 1999-- Bamboo.com, Inc. (Nasdaq:BAMB - news), a provider of 360-degree virtual tours for the real estate industry, today announced a alliance with Iowa's largest real estate company, Iowa Realty Co., Inc. and First Realty/Better Homes & Gardens'' to provide bamboo Virtual Tours to more than 1,100 agents statewide.
Under the agreement, bamboo.com will be the exclusive provider of 360-degree virtual tours to Iowa Realty and First Realty, Iowa's largest real estate companies, which plan to purchase tours for the majority of their listings. This partnership marks a breakthrough in the Iowa real estate market, as real estate professionals will have the opportunity to use 360-degree bamboo Virtual Tours to market and sell homes, attract new listings and improve the overall efficiency of the home buying and selling process. Iowa Realty and First Realty agents will display the bamboo virtual home tours on their respective Web sites, www.iowarealty.com and www.firstrealtybhg.com.
''We are proud to join forces with industry leaders Iowa Realty and First Realty and are pleased to offer their agents a powerful real estate marketing tool that simplifies the home buying and selling process,'' said Kevin B. McCurdy, founder and executive vice president of bamboo.com. ''Bamboo Virtual Tours enable Internet users to look around a room or garden as if they were actually standing there-something still photos just don't allow. The tours work as a pre-qualifier and save real estate professionals and their clients valuable time and money.''
Bamboo Virtual Tours consist of multiple moving panoramic images of the interior and/or exterior of a home. Bamboo.com's full service includes image capturing, processing, Internet linking or posting and e-mail virtual tours, which allow real estate professionals to forward multiple scene tours to anyone via e-mail.
About bamboo.com
Based in Palo Alto, CA, bamboo.com is a provider of Internet-based content services to the real estate community. Bamboo.com provides 360-degree virtual tours, and maintains key relationships with the real estate Web sites and multiple listing service (MLS) providers, including REALTOR.com, HomeSeekers.com, Microsoft HomeAdvisor, HOMES.com, CyberHomes, LoopNet, Moore Data Services, and GTE. These Web sites also provide real estate content to Internet portals. As a result, bamboo Virtual Tours can currently be viewed on AOL, Yahoo!, MSN, Excite, Netscape Netcenter, GO Network/InfoSeek, NBC, and others. Company investors include Intel Corporation, Trident Capital, the Walden Group and VantagePoint Venture Partners. For more information about bamboo.com, visit bamboo.com or call toll free 1-888-7BAMBOO. Editors, please contact Antenna Group, Inc.: Heidi K. Zuhl at 415-977-1915, or press@bamboo.com.
About Iowa Realty
Iowa Realty and First Realty/Better Homes & Gardens'' are affiliates of MidAmerican Services, a division of MidAmerican Energy Co. Together they have more than 1,100 agents under contract and closed $2.2 billion in home sales in the Greater Des Moines area and $2.x billion statewide in 1998. For more information about Iowa Realty and its wholly owned subsidiary, First Realty/Better Homes & Gardens'', visit iowarealty.com or contact Jamie Bulet at 515-964-0822.
This press release contains forward-looking information within the meaning of Section 27A of the securities Exchange Act of 1933 and Section 21E of the Securities Exchange Act of 1934, and is subject to the safe harbors created by those sections. Actual results may differ materially. The matters discussed in this press release also involve risks and uncertainties described from time to time in bamboo.com, Inc.'s filings with the Securities and Exchange Commission (SEC). In particular, see ''Risk Factors'' in the Final Prospectus included in the Company's Registration Statement on Form S-1 declared effective by the SEC on August 25, 1999 (www.sec.gov). sec.gov |
