Launches ``The eBay of Rental Properties''

    LOS ANGELES, March 7 /CNW/ -, a wholly-owned subsidiary of
Idea Labz Corporation, - a privately held internet incubation
company with popular websites such as, and, today launched Canada's first auction site targeting apartment
and house rentals in Canada.

    Called the "eBay of rental properties," enables landlords to
list vacancies for free, giving potential tenants the opportunity to vie for
new living spaces within the context of the popular online auction format.

    Founded by internet mogul Bobby Khalili, this new approach to rental
listing reduces vacancy rates by letting the market set the price.

    "Landlords sometimes overshoot on rental prices," offers Khalili. "As a
result, properties remain unnecessarily vacant, and thousands of dollars in
uncollected rent are lost. People buy and sell nearly everything at online
auctions, but the phenomenon stops abruptly at rental units. Lessees rarely
contact apartment owners to offer lower-than-listed rental prices."

    Khalili points to the buyer's market, where the opposite is true: Bidding
below list price on a new home purchase is not unusual -- it's the norm.

    "Renting shouldn't be any different. Landlords are open to negotiations,
especially when faced with losing out on another month's rent.
draws fresh lines of communication between owner and tenant." also enables landlords to build unique profiles which bear
descriptions and photographs of their showcased properties. In essence,
landlords can make a free website for their property in order to make
marketing the property easier.

    With, property owners afford all the marketing advantages of a
dedicated website. URLs correspond to property addresses, meaning (example) would link to a property on 119 Park Place in

    According to Mike Ebrahimi, the company's President & Co-CEO, "With profiles, tenants and buyers can browse, view pictures, leave
messages and ask questions of the owners. The interested party may be inspired
to make a casual offer. At that point, anything can happen." will remain free of charge to both landlords and tenants.
Khalili wants to encourage widespread use of the site, and subscribes to the
notion that the most useful sites on the Net are offered at no cost.

    "With real estate transactions at an all-time high, we firmly believe
that will become a valuable commodity for everyone in real estate
-- from average Joe's to rental property magnates."

    Similar to the popularity of it's sister companies, and, Khalili believes that's popularity will
grow in Canada as well.

    To find your next dream home -- or to fill your empty units fast -- visit today.

    About Idea Labz, Inc.

    Idea Labz is a internet incubation and holding company with several
popular online properties such as,,,,,,,, and Founded by internet entrepreneur
Bobby Khalili, the company seeks, funds, and manages innovative, revolutionary
online concepts.

For further information:

For further information: Idea Labz Public Relations 1-877-4-IDEA LABZ

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