Wappingers Falls, NY (PRWEB) June 5, 2007
AgencyLogic (http://www.agencylogic.com), the largest real estate industry provider of single property Websites in North America, announced today that they have acquired the 123 Main Street (http://www.123mainstreet.com) assets from Thunder Lake Media, LLC in a deal involving cash and future revenues.
123 Main Street will now work with AgencyLogic in providing existing and future 123 Main Street clients with a private label version of the AgencyLogic PowerSite single property Website product.
"123 Main Street is a significant player in the single property Website market and by joining our resources we strengthen the competitive position of both organizations," said Stephen Fells, CEO of AgencyLogic. "This acquisition helps us move towards our primary goal of positioning AgencyLogic PowerSites as the leading online marketing tool for Realtors. In addition to gaining market share this deal will also provide us with access to untapped markets and will increase revenue in what we hope will be the first of several similar transactions."
"We have long admired the AgencyLogic PowerSite product which remains the industry leader in single property Websites," said Jay Otlewski, President of Thunder Lake Media, LLC. "Offering our clients the most feature rich and cost effective single property website product on the market is very exciting. This will enable us to continue working with our clients to ensure that their use of the AgencyLogic PowerSite product strengthens the marketing of their listings."
PowerSites contain all of the information that buyers are looking for about a particular property - in one Website. AgencyLogic PowerSites allow Realtors to create comprehensive, single property Websites for less than the cost of a newspaper ad. Each PowerSite includes a Website address e.g., http://www.123AnySt.com, one year of hosting and all the tools needed to describe the property in detail, add photos, floor plans, create slideshows, upload related documents, map the property, create custom links, add video, blogs or podcasts as well as marketing tools such as free syndication to the major real estate search engines.
About 123 Main Street:
123 Main Street is a product of Thunder Lake Media, LLC (http://www.thunderlakemedia.com) offering Web based marketing and communication tools for real estate professionals since 2004. Founders Jay and Lynn Otlewski were also the creators of Connecting Neighbors, neighborhood websites sponsored by local real estate professionals. The Otlewski's are former real estate professionals, which has been instrumental in the creation, design and development of their various real estate marketing products.
AgencyLogic is a division of Network Earth, Inc., an international technology company that specializes in Web-based software development for businesses. Network Earth's expertise includes application and Website development as well as new venture startups. It was founded in 1995 by two British technology experts in order to take advantage of new business opportunities in the burgeoning Internet and World Wide Web arenas. Today, PowerSites are the company's main product, and are revolutionizing the way Realtors are marketing properties online by allowing them to affordably create a single Website for every listing. For more information, please visit http://www.netearth.com, http://www.agencylogic.com or http://powersiteblog.com.