Acquisition Strengthens ServiceMagic?s Position as the Nation?s Leading Internet Marketing Solution for Residential Contractors

Advertising Internet Marketing Agreement

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ServiceMagic�, Inc | ImproveNet, Inc.

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Title: Acquisition Strengthens ServiceMagic?s Position as the Nation?s Leading Internet Marketing Solution for Residential Contractors
Date: 6/23/2005
Industry: CMPSRV Sector: TECHNO

WWW.EXFILE.COM, INC. -- 13631 -- IMPROVENET, INC. -- EXHIBIT 99.1 TO FORM 8-K

EXHIBIT 99.1

“By joining forces with ImproveNet, we will be well positioned to capitalize on the growing number of consumers seeking home service professionals and information on home improvement projects through the Internet,” said Rodney Rice, co-CEO of ServiceMagic. “Our combined resources will improve both of our existing services to meet our growing consumer d

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