NEW YORK, Oct. 29, 2010 (GLOBE NEWSWIRE) -- Reis, Inc. (Nasdaq:REIS) ("Reis" or the "Company"), a leading provider of commercial real estate market information and analytical tools, announced that it plans to issue an advisory release before the opening of The Nasdaq Stock Market on Friday, November 5, 2010, notifying the public that a complete and full-text financial results press release has become accessible at the Investor Relations portion of Reis's website ( http://www.reis.com ). The complete release will be available no earlier than 8:30 AM (ET) on Friday, November 5, 2010, directly at either of the following web pages:
The Company will host a conference call. This call is for the benefit of existing and prospective stockholders, stock analysts, and other interested parties to discuss the third quarter 2010 results and other matters.
Date: November 5, 2010 Time: 11:00 AM ET
Listen via Internet: http://investor.reis.com/
Dial-in number (U.S. and Canada): (877) 390-5537 Dial-in number (outside U.S. and Canada): (760) 666-3763 Conference ID: 22204650 or "Reis"
A replay of the conference call will be available from shortly after the conference call through midnight (ET) on November 19, 2010 by dialing (800) 642-1687 from inside the United States or Canada or (706) 645-9291 from outside the United States and Canada, and referring to the conference ID: 22204650. An audio webcast of the conference call will also be available on Reis's website at http://www.reis.com/events and will remain on the website for a period of time following the call.
Reis's primary business is providing commercial real estate market information and analytical tools for its customers, through its Reis Services subsidiary. Reis Services, including its predecessors, was founded in 1980. Reis maintains a proprietary database containing detailed information on commercial properties in metropolitan markets and neighborhoods throughout the U.S. The database contains information on apartment, office, retail and industrial properties and is used by real estate investors, lenders and other professionals to make informed buying, selling and financing decisions. In addition, Reis data is used by debt and equity investors to assess, quantify and manage the risks of default and loss associated with individual mortgages, properties, portfolios and real estate backed securities. Reis currently provides its information services to many of the nation's leading lending institutions, equity investors, brokers and appraisers.
Reis's flagship product is Reis SE, which provides online access via a web browser to commercial real estate information and analytical tools designed to facilitate debt and equity transactions as well as ongoing evaluations. In addition to trend and forecast analysis at metropolitan and neighborhood levels, the product offers detailed building-specific information such as rents, vacancy rates, lease terms, property sales, new construction listings and property valuation estimates. Reis SE is designed to meet the demand for timely and accurate information to support the decision-making of property owners, developers and builders, banks and non-bank lenders, and equity investors, all of whom require access to information on both the performance and pricing of assets, including detailed data on market transactions, supply, absorption, rents and sale prices. This information is critical to all aspects of valuing assets and financing their acquisition, development and construction.
For more information regarding Reis's products and services, visit www.reis.com.
The Reis, Inc. logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=7189
CONTACT: Reis, Inc. Mark P. Cantaluppi, Vice President, Chief Financial Officer (212) 921-1122