Pioneer in Business Brokerage Poised for Growth
Norfolk, Virginia, USA | June 7, 2006 — BusinessBroker.net announced that it has been acquired by Landmark Communications, Inc. The acquisition signals BusinessBroker.net’s commitment to continued growth and investment on behalf of its valued clients.
Launched in 2000, BusinessBroker.net and FranchiseAdvantage.com arenow one of the most heavily-trafficked marketplaces of businesses for sale, commercial real estate properties and franchise opportunities on the Internet. Its advertising customers include business and commercial real estate brokers, franchise companies, as well as thousands of independent business and commercial property owners.
By offering prospective buyers access to nearly 30,000 businesses for sale, commercial real estate properties and franchise opportunities, BusinessBroker.net provides one of the largest and most comprehensive business opportunity marketplaces on the Internet. As a result, BusinessBroker.net has more registered business buyers than any other business resale site in the world.
For Landmark Communications, the acquisition provides an additional platform in the online lead generation and direct marketing industry. Michael Alston, Landmark’s vice president of corporate development, commented, “The Internet is a phenomenal resource for business buyers and sellers, and we are very excited to acquire a true leader in the space. BusinessBroker.net helps to connect tens-of-thousands of buyers and sellers each month, and we are delighted to be able to leverage our diverse media platform to help extend the business into new areas.”
BusinessBroker.net was a pioneer in aggregating business and real estate classified listings online, a space that includes Yahoo’s CityFeet (NASDAQ:YHOO), Google Base (NASDAQ:GOOG), LoopNet’s BizBuySell (NASDAQ:LOOP), and Craigslist (NASDAQ:EBAY).
About BusinessBroker Network
BusinessBroker.net is a leading marketplace for businesses for sale, commercial real estate properties and franchise opportunities on the Internet. Every month hundreds of thousands of prospective buyers, sellers and brokers visit the company’s online marketplace, looking for the perfect opportunity. The marketplace consists of nearly 30,000 business and commercial real estate for sale ads that have been placed by a thousand member brokerage offices and thousands of independent business owners. Along with its companion site FranchiseAdvantage.com, BusinessBroker.net also provides visitors with full color web brochures for over 200 franchise and business opportunities. For more information on BusinessBroker.net, visit http://www.BusinessBroker.net.
About Landmark Interactive
Landmark Interactive is a division of Landmark Communications, which includes Q Interactive, a leading interactive direct marketing company; Alliant Cooperative Data Solutions, a leading cooperative database marketing provider; Digital Envoy the pioneer of IP Intelligence, Geo-location technology and Fraud Prevention Solutions; and the leading online marketplaces for franchise and business ownership opportunities, and Internet Seer, a leading provider of web business solutions for small and medium size businesses (SMB).
About Landmark Communications, Inc.
Landmark Communications, Inc., is a privately-held media company with interests in newspapers, broadcasting, cable programming, print and online classified marketplaces, broadband services, interactive marketing, Internet video distribution, and other businesses. Based in Norfolk, VA, Landmark employs more than 12,000 people in the US. Landmark owns The Weather Channel ® ; Weather.com ®; hundreds of local and national print, broadcasting, and online businesses; WSI Corporation, a provider of weather presentation systems and data; CBS-TV affiliates NewsChannel 5 Network in Nashville and KLAS-TV in Las Vegas; and Dominion Enterprises, a leading operator of vertical classified marketplaces.