Another StockAccess Backed Internet Venture Announces Its Launch

November 05, 2008

MOSCOW -- StockAccess Ventures announced the release of Nesprosta, an online real estate classifieds and property reporting service, today. The Nesprosta.ru web site opened for public access after the successful completion of an intensive beta version testing process.

StockAccess Limited currently invests in two Internet ventures: Sporing - an innovative online entertainment platform and Nesprosta.

Nesprosta offers users an integrated web-based product consisting of two major components: property reports and real estate classifieds. Initially covering the Moscow real estate market, Neprosta plans to expand reporting to Saint Petersburg and Kyiv, two of the largest cities of post-Soviet space.

Similar to developed markets where online property reporting services already exist, such as PropertyShark.com in the US, Nesprosta intends to take an absolutely unique position in the Russian real estate market by offering information on over 40,000 Moscow-based properties.

In addition to a detailed description of each property including listings, maps and photographs, each property report also includes information about the surrounding social infrastructure such as schools and medical centers, etc. By combining public data with proprietary information and technology, Nesprosta allows users to access aggregate data previously only available to selected professionals.

"People buy, sell, rent real estate at all time, however during times of financial uncertainty they are even more likely to seek comprehensive and reliable property information. Thus, we consider the current market situation an ideal launching point for our business," reports Olga Shibaeva, Nesprosta's CEO.

For more information, please contact Tatiana Petropavlovskaya at tpetropavlovskaya@stockaccess.com.