ZipRealty Set to Expand U.S. Footprint With Mid-Summer Twin Cities Launch

Minneapolis-St. Paul Will Mark Company's Second Major Midwest Market

EMERYVILLE, CA (PRWEB) March 19, 2006 -- Executives at ZipRealty (NASDAQ:ZIPR) , a national full-service real estate brokerage, announced during the Company's recent fourth quarter earnings call that it plans to begin operations in Minneapolis-St. Paul by mid-summer 2006.

Once launched, the Twin Cities will be ZipRealty's sixth new market since the Company's IPO and its second major foray into the Midwest. The Company has been serving home buyers and sellers in metropolitan Chicago since 2000. In the Minneapolis-St. Paul market, ZipRealty (www.ziprealty.com) plans to operate in Hennepin and Ramsey counties. Immediate next steps include hiring a district director along with local and licensed agents.

"Moving into Minneapolis-St. Paul will be an important step in the expansion of our U.S. footprint," said ZipRealty CEO Eric Danziger. "We are excited to spread our customer-centric model across the country and increase our presence in the Midwest."

ZipRealty offers all of the services of a traditional residential real estate brokerage with the added benefits of enhanced customer service and savings made possible by the Company's use of an employee-agent business model and proprietary Internet technology. Unlike most other full service brokerages, ZipRealty gives buyers 20 percent of its commission, and sells homes for up to 25 percent less than the standard market commission.

About ZipRealty
ZipRealty is a full-service residential real estate brokerage firm. The Company uses the Internet, proprietary technology and efficient business processes to provide home buyers and sellers with high-quality service and value. Founded in 1999, the Company currently operates in 16 major metropolitan areas in eleven states and the District of Columbia. The Company's client-centric business strategy utilizes a sophisticated Web site, which enables home buyers and sellers to access comprehensive local Multiple Listing Services home listings data and other relevant information. The Company also utilizes a proprietary business management technology platform, which reduces costs and allows the Company to pass on significant financial savings to consumers. This Internet-enabled, technology-driven, employee-based model provides the Company with a distinct competitive advantage, allowing ZipRealty to consistently deliver outstanding service to clients. For more information on ZipRealty, visit www.ziprealty.com or call 1-800-CALL-ZIP (1-800-225-5947).

Cautionary Language
This release contains forward-looking statements within the meaning of the "safe harbor" provisions of the federal securities laws, including the Company's timeline for commencing operations in Minneapolis-St. Paul, future success and sites of operations in the Minneapolis-St. Paul market and launch preparations for Minneapolis-St. Paul. The forward-looking statements are subject to risks and uncertainties that could cause actual events to differ materially from those projected, including the risk factors set forth in the Form 10-K filed with the SEC by the Company for its fiscal year ended December 31, 2005. ZipRealty assumes no obligation to update the forward-looking statements included in this release.

Contact:
Ceci DeLaMontanya                        
Allison & Partners
415-277-4909                
ceci @ allisonpr.com            

Marcus Gamo
Allison & Partners
Source: ZipRealty
marcus @ allisonpr.com
415-277-4925

CONTACT: Ceci DeLaMontanya, +1-415-277-4909, or ceci@allisonpr.com, or
Marcus Gamo, +1-415-277-4925, or marcus@allisonpr.com, both of Allison &
Partners, for ZipRealty

Web site: http://www.ziprealty.com/

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