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Article: Online Real Estate Firm Homebytes.com Explores Options.

Article from:
Knight Ridder/Tribune Business News
Article date:
February 13, 2001
Copyright

By McGregor McCance, Richmond Times-Dispatch, Va. Knight Ridder/Tribune Business News

Feb. 13--Still standing after the dot-com meltdown, Homebytes.com is exploring its options, including the possibility of being acquired.

Company President David P. Clark said the online real estate firm still expects to turn a profit this year. And its first priority is to pursue an investment of up to $20 million. But considering how hard it is to get capital today, Clark also has not ruled out selling the company, rather than attempting a public offering or continuing alone.

"I would say in the next 12 months the likelihood is very high that we will be ...

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