Condo.com Appoints Industry Expert as CTO

Miami, FL (April 19, 2010) – Condo.com, the world's largest marketplace has appointed Cristian Sturek as their Chief Technology Officer. The announcement marks an exciting time for the Company as its technology platform has positioned the Company into an industry-leading domain and world-class search site. Choosing the right IT leader was of vital importance to Condo.com as their IT strategy so closely aligns with their overall corporate strategy and objectives. Hiring an industry expert like Mr. Sturek will greatly impact operations since site development and technological components have been a leading forefront to much of the Company's success to date. Mr. Sturek's addition to the team opens a new window of growth and opportunity yet to be discovered by the Company and its category domain.

Successful online businesses such as Condo.com are heavily reliant on IT as a driver of leading edge innovation. With more buyers using their internet as a primary source for real estate transactions, the pressure is on real estate sites to provide an optimal user experience along with constant innovation. Condo.com's new CTO will play a crucial role in leading the continued development of real estate-centric technology components paired with the overall push towards a comprehensive global database for condominiums and multifamily residential units.

Cristian Sturek brings over 12 years of Enterprise Architecture leadership in multiple verticals along with a wealth of technical knowledge to the Company. In his new role, Mr. Sturek will direct all Condo.com site system architecture, development, security and e-commerce. He will lead all aspects of the tech department including project management, applications development, quality assurance and technical operations. "I am extremely excited to join Condo.com, and look forward to contributing to all senior management decisions that will further strengthen Condo.com's position as the number one destination for condominiums and multifamily residential units not only in the United States, but throughout the entire world", said Mr. Sturek.

Richard Swerdlow, founder and CEO of Condo.com, stated "Cristian's extensive knowledge and proven expertise adds exceptional value to our team as we look to his IT leadership as a key driver of our immediate and long-term strategic goals."

Prior to joining Condo.com, Mr. Sturek served as the Managing Director and Chief Architect of Third Screen Labs, where he oversaw all IT architecture planning for client engagements. Mr. Sturek also founded XWebServices Inc. a boutique Service Oriented Architecture (SOA) advisory firm responsible for implementing services-based architectures for a number of Fortune 500 companies. He is well recognized expert in SOA and Web Services, and has been an invited speaker at numerous conferences, workshops and trade show events worldwide. Mr. Sturek has been a key member of technology teams for Realtor.com, First Data Corporation, First American Corporation and Wright Express, to name a few. He earned a Bachelors degree in Information Systems Management from the University of Maryland and is a veteran of the US Marine Corps.

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