Friday October 8, 8:30 am Eastern Time
Company Press Release
bamboo.com Selected as Exclusive Provider by Canada's Largest Real
Estate Company
bamboo.com to be Exclusively Endorsed by Royal LePage as It's Virtual
Tour Provider
PALO ALTO, Calif.--(BUSINESS WIRE)--Oct. 8, 1999--bamboo.com, Inc. (Nasdaq:BAMB - news), a leading producer of 360-degree virtual home tours, announced an agreement with Royal LePage Real Estate Services Inc., the largest real estate services company in Canada. Under the
agreement, Royal LePage will exclusively endorse and promote bamboo(TM) Virtual Tours to its affiliates and on its new Web site located at www.royallepage.ca.
The agreement is an extension of a long-standing relationship that Royal LePage has had with bamboo.com, formerly Jutvision Corporation. Royal LePage was the first company in North America to offer its members a nation-wide virtual tour program, and to host a gallery of virtual tours on its Web site.
''We have always had a terrific relationship with bamboo.com,'' said Sandra Webb, director of Internet Services at Royal LePage. ''There are other companies today that offer virtual tours but bamboo.com offers a complete virtual tour solution. Their full-service model allows our affiliates to focus on real estate, and not on photography; their e-mail virtual tour is a fantastic viral marketing tool which is included in the purchase price; and they've made it easy for our agents to order either by phone, fax, or online.''
''We're thrilled that Royal LePage has chosen bamboo.com once again,'' explained Howard Field, co-founder of bamboo.com. ''Royal LePage has been dedicated to bringing the best marketing solutions to its agents from the very beginning. This renewed relationship with the largest real estate services company in Canada makes us confident that we are providing a virtual tour solution in the industry that cannot be beat.''
''The Royal LePage Internet Site initiatives are a major priority for us,'' said Allyson Kinsley, vice president of Channel Development and Marketing for Royal LePage. ''We have generated tremendous amounts of business from our Web site. Therefore, it is critical that we maintain a level of simplicity while delivering comprehensive data about our listings. bamboo.com adds the necessary element of interactivity and content that is required for potential buyers to research properties on our Web site.''
When Royal LePage real estate professionals order bamboo Virtual Tours, bamboo.com provides full service from capturing and processing the images to displaying them on www.royallepage.ca, and
sending a bamboo(TM) E-mail Virtual Tour which the agent can then forward to potential home buyers as an attachment. bamboo Virtual Tours require no plug-in software or downloads for viewing on the Internet.
About bamboo.com
Based in Palo Alto, CA, bamboo.com (Nasdaq:BAMB - news) is a leading provider of Internet-based 360-degree virtual tours on the Internet. Bamboo.com maintains key relationships with major real estate Web sites and multiple listing service (MLS) providers, including
HomeStore.com, REALTOR.com, HomeSeekers.com, Microsoft HomeAdvisor, HOMES.com, CyberHomes, LoopNet, Moore Data Services and GTE. As a result of these alliances, bamboo(TM) Virtual Tours can currently be viewed on America Online (AOL), Yahoo!, Microsoft Network (MSN), Excite, Netscape Netcenter, GO Network/InfoSeek, NBC, The Wall Street
Journal Interactive Edition 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 Royal LePage
Royal LePage has been a provider of real estate services since 1913. the company is recognized Canada-wide as a leader in the industries in which it operates. With over 7700 sales representatives and staff in over 340 branches coast-to-coast, Royal LePage continues to keep the pulse on the ever-changing landscape of Canada. This presence includes their Associate Broker Network, which enables them to maintain ties in smaller yet important markets. In addition, an alliance with Cushman
& Wakefield Worldwide enables the company's commercial services to extend into the United States, Mexico, Japan, Europe, South America and Hong Kong. To find out more about Royal LePage, please call the head office at (416) 510-5800 or visit the Web site at .royallepage.ca.
This press release contains forward-looking information within the meaning of Section 27A of the Securities 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).
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