ZipRealty, Inc. Announces Gary A. Wetsel as New Board Member

  
    
  
  
    
      ZipRealty, Inc. (Nasdaq: ZIPR) today announced that Gary A. Wetsel was 
      elected to the Board of Directors at the May 2007 annual shareholders 
      meeting. Mr. Wetsel will serve as the Chair of the Audit Committee and 
      as a member of the Corporate Governance and Nominating Committee.
    
    
      Wetsel is currently an independent consultant. He previously served as 
      Executive Vice President, Finance, Chief Financial Officer and Chief 
      Administrative Officer of Aspect Communications Corporation, a provider 
      of enterprise customer contact solutions. He has held senior executive 
      management positions with several other high-tech companies, including 
      Vice President and Chief Financial Officer of Zhone Technologies, Inc., 
      President and Chief Executive Officer of WarpSpeed Communications Corp., 
      Executive Vice President and Chief Operating Officer of Wyse Technology, 
      Inc., and President and Chief Executive Officer of Borland 
      International, Inc. Wetsel previously served on the board of directors 
      and chaired the audit committee of LookSmart Ltd. and served on the 
      board of directors and audit committee of Blue Martini Software, Inc. He 
      is a Certified Public Accountant (inactive) and holds a Bachelor of 
      Science degree in accounting from Bentley College.
    
    
      “Gary is a meaningful addition to our Board 
      and we are pleased to have him join us,” said 
      Donald Wood, Chairman of the Board of Directors. “His 
      broad experience with technology related organizations and overall 
      financial and business experience will greatly benefit the ZipRealty 
      leadership team.”
    
    
      About ZipRealty, Inc.
    
    
      ZipRealty is a full-service residential real estate brokerage firm. The 
      Company uses the Internet, proprietary technology and efficient business 
      processes to provide home buyers and sellers with high-quality service 
      and value. Founded in 1999, the Company currently operates in 28 major 
      markets in 17 states and the District of Columbia with over 2,000 sales 
      agents. The Company's client-centric business strategy utilizes a 
      sophisticated Web site, which enables home buyers and sellers to access 
      comprehensive local Multiple Listing Services home listings data and 
      other relevant information. The Company also utilizes a proprietary 
      business management technology platform, which reduces costs and allows 
      the Company to pass on significant financial savings to consumers. This 
      Internet-enabled, technology-driven, employee-based model provides the 
      Company with a distinct competitive advantage, allowing ZipRealty to 
      consistently deliver outstanding service to clients. For more 
      information on ZipRealty, visit www.ziprealty.com 
      or call 1-800-CALL-ZIP (1-800-225-5947).