PropertyMaps.com, a map-based online real estate search, announced the appointment of Michael Malone as its new chief-executive-officer. One of the technology industry's most successful entrepreneurs, Malone has launched several innovative companies, introduced leading-edge online applications and raised more than $50 million in his 22-year career.

"PropertyMaps is leading the online evolution of the real estate model," said Malone, who was previously president and chief-operating-officer of RemedyMD. "After analyzing the company's growth potential, I believe PropertyMaps has the opportunity to dominate the Internet real estate category."

The site is a user-friendly, one-stop-shop Website that allows consumers to quickly search the actual Multiple Listing Service (MLS) databases used by Realtors nationwide by using popular mapping tools such as Google Maps, Google Earth and Microsoft Virtual Earth. It claims to have more than 2 million listings - one of the largest on the Internet.

In addition to lead generation and advertising services, Malone said PropertyMaps plans to capitalize on its technology investment by selling data services to national real estate organizations in the investment community.

"We will apply predictive informatics technology at PropertyMaps, just as predictive analytics applications are used on Wall Street for trading purposes," he added.

After securing bridge funding from Houston-based Merrick Capital, the company recently signed a memorandum of understanding to issue a $20 million Series A syndicated offering.

Malone received a Bachelor of Science degree from Southeastern Louisiana University (SLU) in management and computer science.