SmartZip Inc. Names Tom Glassanos President and Chief Executive Officer

Internet Software Veteran to Bring Investment Ratings to Real Estate

Pleasanton, CA, June 09, 2009 --( SmartZip, Inc., a provider of independent ratings and research for real estate investment, today announced the appointment of Silicon Valley veteran Tom Glassanos to the position of president and CEO. Glassanos, 53, will oversee all SmartZip business operations and lead the rollout and growth of SmartZip's online business. Glassanos' appointment follows the recent closing of SmartZip's funding from Claremont Creek Ventures and Javelin Venture Partners.

“Tom Glassanos stands out as an accomplished and successful innovator of Internet software and services," said SmartZip, Inc. Chairman Frank Richards. "We are delighted to have his proven leadership at the helm of SmartZip to execute on our powerful business vision.”

Glassanos brings two decades of experience in general management, marketing and Internet innovation to his new role at the Pleasanton, California-based start-up. Before joining SmartZip, he was the founder and CEO of Xign Corporation, where he built the leading settlement network for business, processing over $50 billion in annual payments across 70,000 trading partners globally. Xign was acquired by JPMorgan Chase in 2007. Prior to Xign, Glassanos was executive vice president for eBusiness at PeopleSoft Corporation where he served as general manager of PeopleSoft Internet applications. In the mid-90's, he built the industry-leading Internet banking application business at Edify Corporation, which was later acquired by S1 Corporation. Earlier in his career, in his role as vice president of marketing, Glassanos helped guide two companies through successful IPOs. He holds an MBA from Harvard University.

"SmartZip's vision of empowering investors and homebuyers with independent real estate ratings is compelling," said Glassanos. "I am excited about the SmartZip opportunity and the immense value investment ratings will bring to the real estate market nationwide."

About SmartZip, Inc.

SmartZip is developing the first independent, analytics-based ratings and research for real estate investment. The Company's products will be used by investors and homebuyers to easily rate, compare and confirm the best places and properties to buy. SmartZip is a privately held, venture backed corporation headquartered in Pleasanton, Calif.

SmartZip is a trademark of SmartZip, Inc.

Avi Gupta
(925) 271-6271
You can view the press release on this link