Contact Information: Contact Info: Mary Jo Draper INK Inc. PR 816-753-4429 maryjo@inkincpr.com
Digital Map Products Helps LoopNet Incorporate Parcel Data; Users Now Get Enhanced Online Information About Properties
| Source: Digital Map Products
SANTA ANA, CA--(Marketwire - February 28, 2008) - Digital Map Products (DMP)
(http://www.digitalmapproducts.com) today announced that LoopNet, Inc.
(NASDAQ : LOOP ), which operates the largest online commercial real estate
marketplace, has chosen DMP's ParcelStream™ web service to incorporate
parcel data into the LoopNet.com platform. LoopNet customers can now view
property boundary lines -- a critical piece of information for anyone
researching real estate online in all market areas where the parcel data is
available.
Online users demanding more sophisticated tools
As the online real estate market matures, online users are demanding
advanced features that allow them to gain a more complete picture of the
property, according to Jim Skurzynski, president and founder of DMP.
"Incorporating parcel data and parcel-level geocoding into an online map is
the perfect complement to satellite and aerial photography because it
allows users to see the size, depth and shape of a property. Accurate
parcel data is especially important in commercial property deals, which may
cover multiple parcels that are impossible to distinguish from just an
aerial image," said Skurzynski.
"Think of it this way, a buyer wouldn't purchase a major commercial
property without walking around the property, seeing how close it is to
neighboring properties, roads, power lines, and amenities or without
verifying how many structures are included. So why would they want to use
an online research tool that didn't allow them to see the precise property
boundaries?"
ParcelStream™ enhances LoopNet service by making online research more
effective
The incorporation of ParcelStream™ allows LoopNet members to more
quickly, affordably and effectively evaluate parcel boundaries within its
online marketplace. Because Digital Map Products provides parcel geocoding
and parcel line display in a convenient API, LoopNet was freed from the
time-consuming task of researching, acquiring, processing and displaying
parcel data.
DMP has been aggregating parcel data for more than ten years and created
the first
public-private partnership for parcel data sharing.
"Digital Map Products is the leading firm in aggregating parcel data and
displaying it in the most efficient manner. We are excited to extend this
benefit to our LoopNet members and thus enhance their search and discovery
process," said Mike Manning, LoopNet's Vice President of Marketing.
"ParcelStream™ has been integrated seamlessly into LoopNet's existing
mapping solution suite and now provides an indispensable research tool for
our 2.5 million LoopNet members."
Digital Map Products offers free trial of ParcelStream™ API
In order to help its potential customers understand the value of parcel
lines and
parcel-level geocoded locations, Digital Map Products is offering web
developers the opportunity to use its API for a free trial. This simple API
allows real estate sites to instantly display parcel lines, geocode
addresses to tie parcel data to an accurate and precise location, and
provide interactivity to parcel data. It also allows users to query by
assessor parcel number (APN), federal information processing standard
(FIPS) or street address to pinpoint the exact location of the property.
Information about ParcelStream™ is available at www.parcelstream.com. A
free trial of the ParcelStream™ API is available at
http://trial.parcelstream.com/.
About LoopNet, Inc.
LoopNet, Inc. is the leading online marketplace for commercial real estate
and businesses for sale in the United States. Our online marketplace
available at www.LoopNet.com enables commercial real estate agents, working
on behalf of property owners and landlords, to list properties for sale or
for lease by submitting detailed property listing information in order to
find a buyer or tenant. Commercial real estate brokers, agents, buyers and
tenants use the LoopNet online marketplace to search for available property
listings that meet their commercial real estate criteria. LoopNet also
delivers technology and information services to commercial real estate
organizations to manage their online listing presence and optimize property
marketing.
About Digital Map Products
Digital Map Products, Inc. was the first provider of subscription web
applications that embed Geographic Information Systems (GIS) technology to
enhance workflow productivity. Based in Santa Ana, California, the
company's SaaS products serve nearly 500 customers, representing about
200,000 registered users. Its ParcelStream™ web application is powering
national real estate websites with millions of hits per month. Products
include online applications such as LandVision™ for the research,
acquisition and management of land assets, CityGIS™ and
CommunityView™ for government and ParcelStream™ for web developers.
To learn more, visit http://www.digitalmapproducts.com.