RESAAS Enables Real Estate Agents to Market Across Asia Using Sina Weibo, a Leading Social Media Platform in Asia

Rhea-AI Summary

RESAAS Services Inc. has announced a partnership with eMediaLinks and Sina Weibo North America to enhance marketing opportunities for real estate agents. This collaboration allows RESAAS agents to promote listings on Weibo, which boasts 582 million monthly active users, targeting Asian buyers as demand resumes post-pandemic.

The one-year agreement, effective February 27, 2023, includes revenue sharing from advertising and subscription fees. RESAAS's CEO, Tom Rossiter, noted a significant increase in transactions and referrals from Asia, emphasizing the partnership's potential value.

Positive

• Partnership with eMediaLinks and Sina Weibo opens new marketing channels for RESAAS agents.
• Weibo's 582 million monthly active users provide vast outreach to Asian buyers.
• Increased demand from Asia post-pandemic can lead to higher transactions and referrals.

Negative

• None.

VANCOUVER, BC, Feb. 28, 2023 /PRNewswire/ - RESAAS Services Inc. (TSXV: RSS) (OTCQB: RSASF), ("RESAAS" or the "Company"), a leading provider of technology solutions for the Real Estate Industry, is pleased to announce a Partnership with eMediaLinks, global real estate marketing company, and Sina Weibo North America (NASDAQ: WB), one of China's largest social networks.

Weibo has 582 million monthly active users^*.

The Partnership further connects RESAAS on the global stage. RESAAS Agents can now promote their real estate business and select listings for sale through Weibo to the vast audience of Asian buyers.

"Weibo is a leading social media platform for people to create, share and discover content online," said Candy Fang, Director, Sina Weibo North America. "We are honored to partner with RESAAS and their impressive global network of real estate agents. In Weibo, RESAAS Agents will now have a new channel to expand their marketing, bringing considerable new value to RESAAS."

Tom Rossiter, CEO of RESAAS, stated "The unique real estate data that RESAAS gathers directly from Agents shows us buying demand from Asia has resumed. As Asia continues to open up post-pandemic, RESAAS is already seeing transactions and real estate referrals increase dramatically. RESAAS is proud to partner with Weibo, a house-hold name in China, to accelerate demand and boost business opportunities for RESAAS Agents."

Under the terms of the 1-year agreement signed on February 27, 2023, between RESAAS, eMediaLinks, and Sina Weibo North America, all parties will share in the revenue generated from both advertising fees and recurring subscription fees created from this Partnership.

^* http://ir.weibo.com/news-releases/news-release-details/weibo-reports-first-quarter-2022-unaudited-financial-results

About RESAAS Services Inc.

RESAAS is an award-winning global technology platform for the real estate industry. With over 500,000 real estate agents utilizing RESAAS in 160 countries, RESAAS enables real-time industry communication, delivers new business opportunities and captures unique real estate data. Some of real estate's biggest brands leverage RESAAS to provide business intelligence to real estate brokerages, franchises and associations. For more information, please visit https://www.resaas.com.

Disclaimer

The TSX Venture Exchange has neither approved nor disapproved the contents of this news release. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

The statements made in this news release may contain forward-looking statements that may involve a number of risks and uncertainties. Actual events or results could differ materially from RESAAS Services Inc.'s expe

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SOURCE RESAAS SERVICES INC.

FAQ

What is the new partnership announced by RESAAS Services Inc.?

RESAAS has partnered with eMediaLinks and Sina Weibo North America to help real estate agents market listings to Asian buyers.

How will the partnership with Weibo benefit RESAAS agents?

RESAAS agents can promote their listings on Weibo, reaching a vast audience of over 582 million users.

What are the terms of the RESAAS partnership signed on February 27, 2023?

The partnership includes revenue sharing from advertising and subscription fees over a one-year agreement.

What impact does RESAAS expect from the partnership with Weibo?

RESAAS anticipates increased transactions and real estate referrals from Asian markets as demand resumes.