Wednesday announced the purchase of , NeighborhoodFind.com
one of the most comprehensive online sources of real estate information and news
content. The announcement comes on the heels of last years merger of RealMega.com
which has been approved by the companies board of directors will maintain two
independent web presences, but will adopt the innovations developed by each in
the merging of the MegaFlashPage.com
(free flash web pages for the real estate and news enthusiast), MegaBlogPage.com
online web journals) , the semi-monthly
newsletters, and the RealProfiles.com
In most cases, the web-based real estate information and news are free for viewers.
The companies generate most of their revenue by selling other services and advertising. "It
seemed like a logical fit," said RealMega chief executive Lowell
who will serve as chairman of the new company. Real estate and News executives
said the merger is part of an ongoing industry shakeout of firms consolidating
operations. The combined firm does not expect to ask its investors for more money.
The purchase will result in no layoffs as the firms combine operations.
Here to view the RealMega MultiMedia Presentation