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Internet Veteran to Continue Driving Company’s Growth in Global Second Home Market

BELLEVUE, Wash. – Sept. 3, 2008 –SecondSpace, Inc., the leading global online marketplace for second homes and recreational retreats, today announced that its board of directors has appointed Satbir Khanuja as the company’s president and chief executive officer (CEO). Khanuja has also been elected to the company’s board of directors. He previously served as SecondSpace’s senior vice president of marketing and business development, responsible for the company’s partnership, traffic-building and revenue-generating initiatives. Khanuja succeeds Anil H.P. Pereira, founder and former CEO of SecondSpace, who will continue to serve the company as a strategic advisor as he relocates to Silicon Valley to engage in new technology endeavors.

“Since we began incubating this venture three years ago, SecondSpace has been a labor of love for me so I am thrilled with Satbir’s natural and seamless transition to the CEO role,” said Anil Pereira, founder of SecondSpace. “He is a highly talented operational leader who has earned the admiration and respect of colleagues, customers and business partners. I am confident that under his leadership the company will continue its pace of rapid growth as the online leader in the global second home market and I look forward to working with him for many more years to come.”

Satbir Khanuja joined SecondSpace in the fall of 2006 and was responsible for sales, marketing, business development and affiliate marketing. He has spearheaded key initiatives to build the company’s flagship ResortScape.com and LandWatch.com Web sites into the #1 sites in their category, creating a global distribution platform for developers and real estate professionals. Prior to joining the company, he spent seven years at Amazon.com as a member of the executive team and was head of Amazon.com's Worldwide Traffic organization, responsible for driving billions of dollars in sales through free and paid traffic to all Amazon.com Web sites worldwide. Previously, he was vice president and general manager of Amazon.com’s IMDb.com and In-Theater businesses where he created all business functions and built the division into one of the 50 most trafficked Web sites in the world. Prior to Amazon.com, Satbir spent several years as an engagement manager at McKinsey & Company where he led projects in several industries, including electronics and banking. He holds a Ph.D. in Ceramics Engineering from MIT and a B.Tech. degree from IIT in Bombay, India.

"Satbir is a very talented individual and we are thrilled to have him lead the company's growth as CEO," said John Connors, partner at Ignition Partner and member of the SecondSpace Board of Directors. "His leadership skills, ability to deliver results and vast understanding of the second home market make him a strong leader to drive SecondSpace forward in the next phase of its evolution as a global online marketplace."

“I am very excited to pursue the opportunity before us and look forward to working with our world-class team to continue our mission of connecting people with everything they need to enjoy the second home lifestyle,” said Satbir Khanuja, CEO of SecondSpace. “With over 800,000 lifestyle properties now listed on ResortScape.com and LandWatch.com, we continue to see a huge demand for second home and investment properties from a broad range of U.S. and international visitors, bringing great value to developers and real estate professionals who are looking to connect with highly motivated out of region buyers.”

SecondSpace, Inc. (http://www.SecondSpace.com) is an online services company operating a network of highly immersive Web sites that enable people to make the most of the "second home" lifestyle. The company's sites include ResortScape.com (http://www.ResortScape.com), LandWatch.com (http://www.LandWatch.com), and a fast-growing network of international and co-branded sites that connect out-of-region buyers with knowledgeable professionals who have a local presence in thousands of rural and resort communities across the Americas and around the world. SecondSpace's sites are powered by the company's innovative, patent-pending Lifestyle Search & Discovery™ platform. The company is headquartered in Bellevue, WA, USA and led by a team of internet veterans with backgrounds from Amazon.com, American Express, Classmates.com, IMDb, Microsoft, VeriSign, Trendwest and other leading companies.

Media Contacts:

Illuminate Public Relations
Minou Nguyen – (206) 779-4559 or minou@illuminatepr.com
Steve Stratz – (206) 300-9134 or steve@illuminatepr.com