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Virtual Premise And CoStar Group Sponsor CoreNet Global Junior Achievement Day In Atlanta

ATLANTA, March 27, 2013 (GLOBE NEWSWIRE) -- Virtual Premise, a leading provider of cloud-based real estate information management solutions, and its parent company, CoStar Group, Inc. (Nasdaq:CSGP), announced their sponsorship of CoreNet Global Junior Achievement Day in Atlanta. Through a successful partnership between the Atlanta Chapter of CoreNet Global and Junior Achievement of Georgia, the event was held at the Ronald McNair Learning Academy in Decatur, GA on February 15, 2013. This is the third consecutive year Virtual Premise has sponsored the event.

Volunteers from Atlanta-based Virtual Premise and CoStar joined other professionals from the Atlanta Chapter of CoreNet Global to participate in 34 classroom presentations. The Junior Achievement elementary curriculum, tailored to kindergarten through fifth grade class levels, focused on volunteers' individual professional and personal experiences, as well as their families and communities. In addition, Virtual Premise provided sponsorship funding.

"We are proud that the CoreNet Global Junior Achievement Day has become an annual tradition for us," said Jim Dooley, Senior Vice President of Sales and Marketing at Virtual Premise. "Again this year, Virtual Premise and CoStar staff gave generously of their time and were as enthusiastic about their participation as the students. We look forward to continuing this great community tradition in the years to come."

CoStar has had a major presence in Atlanta since 1999. Virtual Premise is an annual gold sponsor of the Atlanta Chapter of CoreNet Global, the world's leading association for corporate real estate and workplace professionals, service providers, and economic developers. In addition to Atlanta events, Virtual Premise participates in CoreNet Global's annual North American Global Summit.

About Junior Achievement of Georgia

Junior Achievement (JA) of Georgia is dedicated to giving young people the knowledge and skills they need to own their economic success, plan for their future, and make educated academic and economic choices. JA programs are delivered by corporate and community volunteers, and provides relevant, hands-on experiences to students from kindergarten through high school. JA of Georgia offers multiple programs, including in-class programs, JAMS and JA Fellows all of which focus on entrepreneurship, personal financial literacy and workforce readiness. During the 2011/2012 school year, JA of Georgia served more than 155,000 students statewide through six district offices located in Atlanta, Augusta, Columbus, Dalton, Gainesville and Savannah. For more information, visit www.georgia.ja.org .

About CoreNet Global

CoreNet Global is the world's leading association for corporate real estate and workplace professionals, service providers and economic developers. Our over 7,000 members, who include 70 percent of the top 100 U.S. companies and nearly half of the Global 2000, meet locally, globally and virtually to develop networks, share knowledge, learn and thrive professionally. For more information, visit www.corenetglobal.org.

About Virtual Premise

Virtual Premise, Inc. is a leader in best-in-class cloud-based solutions for corporate and retail real estate management. The company's software and services help customers deliver on their business strategies by better managing their real estate portfolios. Virtual Premise solutions include strategy and analytics, portfolio management, lease management, lease administration, project management, transaction management, and lease abstracting and document management services. Virtual Premise differentiates itself by providing best-in-class software that provides superior visibility and control at a value that is unmatched in the industry. Virtual Premise is wholly owned by CoStar Group, Inc. (Nasdaq:CSGP). For more information, call 855.248.1501 or visit www.virtualpremise.com .

About CoStar Group, Inc.

CoStar Group (Nasdaq:CSGP) is commercial real estate's leading provider of information, analytics and marketing services. Founded in 1987, CoStar conducts expansive, ongoing research to produce and maintain the largest and most comprehensive database of commercial real estate information. Our suite of online services enables clients to analyze, interpret and gain unmatched insight on commercial property values, market conditions and current availabilities. Through LoopNet, the Company operates the most heavily trafficked commercial real estate marketplace online with more than 6.7 million registered members. CoStar operates websites that have over 10 million unique monthly visitors in aggregate. Headquartered in Washington, DC, CoStar maintains offices throughout the U.S. and in Europe including the industry's largest professional research organization. For more information, visit www.costar.com.

This news release includes "forward-looking statements" including, without limitation, statements regarding CoStar's expectations, beliefs, intentions or strategies regarding the future. These statements are based upon current beliefs and are subject to many risks and uncertainties that could cause actual results to differ materially from these statements, including the possibility that circumstances could change causing CoStar or Virtual Premise to be unable to participate in similar events in the future. More information about potential factors that could cause actual results to differ materially from those discussed in the forward-looking statements include, but are not limited to, those stated in CoStar's filings from time to time with the Securities and Exchange Commission, including CoStar's Annual Report on Form 10-K for the year ended December 31, 2012, under the heading "Risk Factors." All forward-looking statements are based on information available to CoStar on the date hereof, and CoStar assumes no obligation to update such statements, whether as a result of new information, future events or otherwise.

CONTACT: Debora Tucker
         Virtual Premise, Inc.
         855.227.3199
         dtucker@virtualpremise.com

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