Online Services Form Alliance

Online Services Form Alliance

Golden, CO ServiceMagic.com, a leading online marketplace connecting homeowners to pre-screened home services professionals, has announced a strategic relationship with Homestore.com, one of the Internet's leading home and real estate-related networks.

The agreement, the companies said, will enable ServiceMagic.co to provide consumer and service professional matching services for home repair, maintenance and improvement requests across Homestore.com, Inc.'s family of Web sites in over 20 general service categories. The agreement will also allow Homestore.com's visitors to find home services professionals including kitchen/bath remodelers who have been pre-screened by ServiceMagic.com.

"We believe the average homebuyer spends $8,000 to $9,000 on home services after a purchase, and sellers also incur significant expenses preparing their properties for sale," said Rodney Rice, co-CEO of ServiceMagic, Inc. "With millions of buyers and sellers of homes visiting Homestore.com every month, this alliance forms a tremendous opportunity for ServiceMagic to reach those Internet users with the greatest need for our solution."

ServiceMagic, founded in 1998, currently operates in more than 40 markets across the U.S. The publicly traded Homestore.com Inc. operates a family of Web sites offering new and existing homes for sale

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