Craig Snyder Joins Internet REIT as New COO

HOUSTON, Sept. 29 /PRNewswire/ -- Internet REIT (iREIT), a leader in direct search and Internet advertising, today announced that Craig Snyder has joined the company as its new chief operating officer. Snyder brings over twenty years of leadership, operations and business development success in multiple industries to iREIT, including senior roles at Marchex, InfoSpace, Citibank, Pepsi Cola and the United States Navy.

Snyder joins iREIT from Marchex, where as executive vice president of business development, he had primary responsibility for the Enhance, TrafficLeader and goClick business areas. During his time at Marchex, Snyder completed the successful integration of the Enhance, TrafficLeader and goClick entities and contributed to the meaningful growth in these businesses.

Prior to Marchex, Snyder was vice president of business development and sales at InfoSpace. During his time at InfoSpace, Snyder was responsible for integrating and monetizing many of the Web's top destination sites, securing distribution deals for Infospace directories and growing the company's broadband channel.

Snyder also spent four years at Citibank, where as Managing Director of Citibank Private Bank he led a private banking team in managing over $6 billion in assets for high net-worth individuals, partnerships, and corporations. Prior to this role, Snyder managed three regional financial centers for Citibank and spearheaded Citibank's online banking initiative as the first test market in the U.S.

Snyder's early business career also includes territory and sales management at Pepsi Cola, where he was responsible for the operations and financial performance of 68 Pepsi Cola-owned restaurants with over 1,200 employees. Snyder is also a decorated Officer of the United States Navy, where he served for six years.

"The addition of Craig Snyder to the iREIT management team is a major milestone in the evolution of the company," said Bob Martin, chief executive officer of iREIT. "Craig brings significant operations, business development, team management and leadership experience to the team, and he is well-known and respected in our industry. We look forward to working with Craig to continue our accelerated growth."

About Internet REIT

Internet REIT (iREIT) is a next-generation Internet media company that acquires, develops and monetizes high-quality domain names and web properties. iREIT's domain portfolio includes such premier properties as the Netster.com portal, Bands.com, CreditReports.com, Shows.com, AfricanAmericans.com, NativeAmericans.com, VietnamWar.com, OfficeSupply.com, and many others. A leading supplier of high-value Internet traffic to advertisers, iREIT receives more than 50 million visitors per month through its portfolio of over 400,000 domain names. iREIT is a privately held company based in Houston, Texas. For more information about iREIT, please visit http://www.ireit.com/ .