WASHINGTON, May 30, 2013 (GLOBE NEWSWIRE) -- CoStar Group, Inc. (Nasdaq:CSGP), commercial real estate's leading provider of information, analytics and marketing services, today announced that the Communitas Awards selected CoStar as a 2013 honoree in the Community Service category. The award recognizes CoStar for the success of its company-wide philanthropic program CoStar Builds. The Communitas Awards is an international effort to recognize exceptional businesses, organizations and individuals that are unselfishly giving of themselves and their resources, and those that are changing how they do business to benefit their communities. Nominees are evaluated based on the extent and effectiveness of their efforts. The Communitas Awards is an outgrowth of the pro bono recognition program of the Association of Marketing and Communication Professionals (AMCP). "CoStar has a deep commitment to giving back to our local communities, and we are extremely proud to be recognized for this commitment," said CoStar Group Founder and CEO Andrew C. Florance. "From our partnerships with local shelters and soup kitchens, to volunteer activities that support the environment, we actively work to ensure that our employees have ongoing opportunities to make a positive impact on the communities that have supported us over the years." CoStar completed numerous volunteer projects nationwide under its CoStar Builds banner in 2012, including a cross-office effort to collect coats for victims of Superstorm Sandy in partnership with New York Cares, and donating nearly 200 pairs of shoes and "gifts of sight" to children in need through a partnership with TOMS Shoes. CoStar Builds has continued its momentum in 2013, having already completed several volunteer activities across the company, with dozens more planned for the remainder of the year. About the Communitas Awards The Communitas Awards is an outgrowth of the pro bono recognition program of the Association of Marketing and Communication Professionals (AMCP). Founded in 1995, AMCP fosters and supports the efforts of its members who contribute their unique marketing and communication talents to public service and charitable organizations. Over the past three years, AMCP has given over $60,000 to help create marketing materials for homeless shelters, orphanages, day camps, community theaters and art centers; and for educational endeavors for children, the elderly and underprivileged. For more information, visit www.communitasawards.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 7 million registered members. CoStar operates websites that have approximately 10 million unique monthly visitors in aggregate. Headquartered in Washington, DC, CoStar maintains offices throughout the U.S. and in Europe with a staff of approximately 2,000 worldwide, 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. 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, and CoStar's Quarterly Report on Form 10-Q for the quarter ended March 31, 2013, under the heading "Risk Factors" in each of these filings. 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.
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