According to a statement released late Friday, MREDpalooza is the largest free real estate tech expo in Chicagoland and one of the largest tech expos in the country. The event is expecting several thousand attendees.
Under the terms of the deal, attendees at MREDpalooza will be given RESAAS profile pages and will be networked together into a private MREDpalooza group to communicate, network and share information during the live event.
"Consistent with our mission at MRED and the vision of MREDpalooza, we are thrilled to bring RESAAS into the fold as a major sponsor and integral part of MREDpalooza," said CEO of MRED, Russ Bergeron. "I'm excited to give our attendees an innovative way to freely network and communicate during the event."
RESAAS's social network is designed to allow real-time updating of property listings as well as the ability to sync with social media sites such as Facebook (NASDAQ:FB) and Twitter. Known as real estate broadcasts, RESAAS' reblasts engine automatically generates all of an agency's real estate workflow into social content that is instantly pushed out to the RESAAS platform and other social networks.
The company has so far made significant headway in the West, adding several real estate agencies in the area to its network, and also in April announced that it would be the preferred social networking partner for HousingWire's Real Estate Expo in June.
"This is RESAAS' second time socially powering a real estate tech expo and we could not be more excited," said director of corporate communications at RESAAS, Danielle Sissons, in the release. "MREDpalooza provides real estate professionals the opportunity to enhance their business and we are confident that RESAAS will do just that."
The MREDpalooza event will take place in Rosemont, Illinois on Tuesday, June 18th, 2013.
Shares of RESAAS, with a market cap of $33.7 million, closed Tuesday at $1.20, with its stock up more than 33 per cent year-to-date.
Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.