Reis Inc. and David M. Strong, the company's Senior Vice President, Development, have mutually agreed to terminate Mr. Strong's employment, effective October 31, 2009. Mr. Strong was previously employed by the Company under a contract that expired on July 31, 2009. From August 1, 2009 through October 31, 2009, Mr. Strong was employed on an at will basis as he completed the sell out of the Company's Gold Peak project and ensured the proper transition to other Company personnel of any open matters relating to the Gold Peak project and the Company's four previously developed projects in the Denver area.

Reis, Inc., Q3 2009 Earnings Call, Nov-06 2009

Reis Inc. announced a significant expansion of its commercial property transaction database by covering property sales transactions in an additional 90 markets for office, apartment and retail properties, raising the total number of metros covered to 172. For each of the new markets, offers its popular property-level Sales Comparables, or sales comps, report, which contains information that is critical to understanding a sale, such as price, closing date, buyer, seller and, where available, financing terms. Clients are able to search the sales comps database to identify transactions that are relevant to their investment decisions. This advance comes as investors continue to monitor the steep drop off in commercial property sale volume and prices.