MyNewPlace Names Gary Parkhurst as Vice President of Sales

Executive Brings Extensive Background in Building Company Value, Revenue and Profit Growth

San Francisco – August 25, 2010 – MyNewPlace, one of the nation’s largest apartment and home-rentals Web sites, announces Gary Parkhurst as its new vice president  of sales.  In this role, Mr. Parkhurst will provide strategic leadership to the sales team and facilitate new business in an effort to increase revenue by driving sales through the company’s core listing products on MyNewPlace.com.

“Gary’s track record, extensive experience and knowledge working with start-ups were key factors in adding him to our executive team,” said John Helm, founder and CEO of MyNewPlace. “His consultative sales approach and executive leadership are a great fit for MyNewPlace and our clients. We are thrilled to have him as part of the team.”

“Joining MyNewPlace provides me opportunities to utilize my experience to develop new and innovative programs capable of meeting and exceeding the company’s goals to grow market share,” explained Parkhurst. “I am very excited to lead the company’s energetic and well established sales team and look forward to driving revenue for the brand as well as the companies we work with.”

Throughout his career, Mr. Parkhurst served in a variety of executive sales and marketing roles at a range of organizations.  Most recently, Parkhurst served as senior vice president for ELM Resources, a non-profit, mutual benefit corporation serving the student loan industry.  In his role, Mr. Parkhurst planned and executed a high-growth sales strategy which resulted in a 46 percent growth of the company’s customer base and an increase in profitability from ($1.4) million to more than $15.7 million. Additionally, he completed the restructuring of the overall sales, marketing and product development strategy which resulted in a significant market share growth.

Mr. Parkhurst also worked in a sales leadership role at Perfect Escapes, Brandvia, Age Wave Communications and United Advertising/Harmon. He received a Bachelor of Science in Business Administration/Finance from California State University, Chico and completed course work in strategic planning at the London School of Business and financial management from Cornell University.

For more information about MyNewPlace or to speak with Gary Parkhurst regarding his new role, please contact Marlena DeFalco at (303) 682-3943 or via email at marlena@linnelltaylor.com.

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About MyNewPlace

MyNewPlace is one of the nation’s largest apartment and home rentals Web sites with 4 million monthly visitors. The company offers apartment owners and managers a great source of qualified, prospective residents under a results-oriented pricing program. MyNewPlace delivers free access (via web, mobile web or mobile applications) to rich property information, including photo galleries, videos and neighborhood information. Headquartered in San Francisco, MyNewPlace was founded in 2005 by John Helm. For more information about MyNewPlace, please visit www.mynewplace.com.