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RISMEDIA, January 23, 2009-RealtyTracTM, a leading online marketplace for foreclosure properties, announced that Ari Monkarsh has been promoted to the position of vice president of business development. In this new role, Monkarsh is focusing on member subscription sales, advertising sales, traffic, lead generation programs and product sales.

“The promotion of Ari to vice president of business development is an indication of the deep pool of management and leadership talent we are proud to have developed within the RealtyTrac organization,” said James J. Saccacio, chief executive officer of RealtyTrac. “Ari has been instrumental in positioning the RealtyTrac brand and creating and maintaining key relationships within the real estate industry. Ari brings the kind of high-level industry experience and expertise that will help us move forward to grow and expand the RealtyTrac brand in the future.”

Monkarsh joined RealtyTrac in 2005 to expand and manage the company’s professional sales organization. Since that time, he has played an integral role in the creation and implementation of RealtyTrac’s sales and marketing strategy, which has led to explosive growth and significant strengthening of RealtyTrac’s business development programs. Under Ari’s leadership, RealtyTrac has developed partnerships with many of the leading companies in the real estate market. Monkarsh was also instrumental in expanding RealtyTrac’s new business units, including the company’s new auction, training and educational units.

Prior to joining RealtyTrac, Monkarsh was instrumental in re-engineering Homestore’s operation, increasing sales activities among the 150 inside and field sales representatives.

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