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Technology Stocks : Move.com Group - MOV
CD 4.899+0.6%3:59 PM EST

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To: Xenogenetic who wrote (5)9/19/2000 1:52:08 AM
From: Xenogenetic  Read Replies (1) of 7
 
Move.com Network Shows Double Digit Growth in Traffic and Surpasses 2 Million Monthly Unique Users

biz.yahoo.com

July Report by Media Metrix Shows 24 Percent Increase in "Unique Users" Over June; 'Reach' Percentage Increases From 2.2 to 2.6

SAN FRANCISCO, Aug. 24 /PRNewswire/ -- During only its sixth full month since going live, the move.com network (http://www.move.com) posted a 24 percent increase in the number of unique users visiting in July, according to data from Media Metrix, the leading Internet measurement authority. The move.com network -- operated by Move.com Group, a subsidiary of Cendant Corporation (NYSE: CD - news) -- attracted 2.066 million unique users during July.

According to the July report, the move.com network experienced the second fastest monthly unique user growth rate (behind only HomeAdvisor.com) and remains the second most visited network in the Real Estate category. In addition to the traffic increase, average minutes spent per unique page on the move.com network in July rose to 1.9, exceeding the closest Real Estate competitor by 73 percent.

``Thanks to ongoing enhancements that respond to the needs of moving consumers, the move.com network continues to grow,'' said Sarah Nolan, president and CEO of Move.com Group. ``This Media Metrix data confirms that we have not only gotten off to a very fast start in building the move.com brand, but that we are offering consumers truly meaningful content.''

About move.com

Move.com is Cendant's relocation, real estate and home-related services portal. It integrates and enhances the offline and online efforts of Cendant's CENTURY 21®, COLDWELL BANKER® and ERA® residential real estate brands; its Web sites including Rent Net, HouseNet.com, Senior Housing Net, CorporateHousing.Net, and SelfStorage.Net; and its other real estate business units including Cendant Mobility, Cendant Mortgage, National Home Connections, and Welcome Wagon. Move.com draws upon the capabilities and existing infrastructure of Cendant's lines of business and other selected partners to assist customers with virtually everything they need before, during and after their move. Built upon the success of Rent Net's online apartment guide business model, move.com has distribution agreements with Internet market leaders, including Alta Vista, About.com, Yahoo, AOL, Excite, and Ask Jeeves. Move.com is headquartered in San Francisco, Calif.

SOURCE: move.com network
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