Tuesday, September 12, 2006

An Update from ThinkEquity

Ian and I had the privilege of presenting HouseValues at the ThinkEquity Partners Growth Conference in San Francisco earlier today. The firm and their conference focuses on companies demonstrating strong potential for "outsized" growth, and we were very pleased to present the HouseValues story to a large and engaged audience of institutional investors.

As part of that presentation we announced progress in our stock buy-back program. On our last quarterly earnings call on July 25, we announced that our board had authorized us to repurchase up to two million shares of HouseValues common stock.

Today, we announced that we have already acquired 1.3 million shares, or approximately 5 percent of outstanding shares. To many investors we addressed today, this decisive execution on our buyback program was impressive and clearly demonstrates HouseValues' confidence in our business model and long-term growth.