In, 2005, DiversityInc recognized
BellSouth as a "Top Company for
Diversity" and as one of the "Top Ten
Companies for Supplier Diversity," Black Enterprise magazine
included
BellSouth on its list of "30 Best Companies for Diversity," and for six
consecutive years
, BellSouth was recognized on Fortune Magazine's annual list
of "America's Best Companies for Minorities
. More information about BellSouth can be found at
http://www.0 million in
additional consideration
based on achievement of certain financial performance
targets for 2007 and 2008.
activities schedule
A grand
prize
will also be awarded at the end of the event for customers completing an
online survey.
- Leverages PlanetOut Inc.
SAN FRANCISCO, PlanetOut Inc.
Forward-Looking Statements
In addition to the historical information contained herein, this press
release contains forward
-looking statements, including the impact of
PlanetOut's acquisition of RSVP, as well as statements
containing the words
"believes," "anticipates," "expects," and similar words.3 trillion U.activities information
- Further diversifies and balances PlanetOut's revenue mix among
advertising, subscription and
transaction businesses. "RSVP is an excellent
strategic fit for PlanetOut, giving us an additional
platform to serve the
varied needs of the LGBT community. More than 80,000 men and women have participated
in RSVP's big and
small ship cruises, riverboat cruises, land tours, and resort vacations.com.cheer events
-- Fourth straight year of sponsorship --
ATLANTA, BellSouth Corporation
(NYSE: BLS) and its
employee-networking group, New Associates Networking for Gay and Lesbian
Equality
(NewANGLE) again joins several other major corporations in sponsoring
Atlanta's annual Pride celebration
, which takes place on June 24-26 in
Piedmont Park. All of
the groups work to enrich the personal
and professional development of its
membership and to develop business initiatives that help BellSouth
reach
specific target audiences.2 million in revenue in 2004 and $8.
"Access to PlanetOut
Inc.hivplusmag.francisco cheer
NewANGLE is one of BellSouth's six employee networking groups. PlanetOut will
extend a bridge loan of up to $1.
RSVP, a privately held company based in Minneapolis with 12
employees,
posted $7.
"The acquisition of RSVP, a strong, versatile and trusted LGBT travel
brand, will advance our strategy of building a diversified media,
entertainment and lifestyle
company by offering our online and print audience
a suite of compelling products and services," said
Jeff Soukup, executive vice
president and chief operating officer, PlanetOut Inc.category information
BellSouth also
offers online and
directory advertising through BellSouth(R) RealPages. Leverages Reach of PlanetOut
Media Properties to Fuel Business Growth Into
Significant Gay and Lesbian Travel
Market
- Purchase price of $6. PlanetOut
Inc.
Established in 1985, RSVP was the
originator of the gay and lesbian cruise
concept, and offers distinctive travel packages designed
for gay and lesbian
travelers.com); Out
(http://www.planetoutinc.biographies society
Backed by award winning
customer service, BellSouth offers the most
comprehensive and innovative package of voice and data
services available in
the market.
BellSouth believes that diversity and fostering an inclusive
environment
are critical in maintaining a competitive advantage in today's global
marketplace
.PlanetOut Inc. Agrees to Acquire RSVP Vacations
Adults). travel industry
as stated by the
Travel Industry Association of America.events member
near the Civic Center and
concludes at Piedmont Park. For
businesses, BellSouth provides secure, reliable local and long
distance voice and data networking
solutions.bellsouth.4
million to RSVP, which will be repaid upon closing, and will also reimburse
RSVP for approximately $300,000 of expenses at closing.
This acquisition substantially increases
PlanetOut's position in the $65
billion gay and lesbian travel market*, as estimated by research
firm
Community Marketing, Inc."
PlanetOut Inc. Additional information concerning
factors
that could affect PlanetOut's future business and financial results is
included in the company's
Annual Report on Form 10-K for the year ended
December 31, 2004 and other public filings filed from
time to time with the
Securities and Exchange Commission (SEC), which are available at the SEC's
website at http://www.
* Community Marketing, Inc.sports san
5 times the average for
people who take cruises and 6. The company is among the world's largest and most
respected gay and
lesbian tour operators and marketers offering distinctive
travel packages, including big and small
ship cruises, riverboat cruises, land
tours and resort vacations geared toward a gay and lesbian
audience.com is the number one site for reaching single
men who take cruise vacations and earn more
than $150,000 per year, according
to media research firm @Plan (Spring 2005).
Destinations in
2006 include the Caribbean, Central America, the Czech
Republic, Austria, Hungary, Ireland, Mexico
, French Polynesia, Peru and
Thailand.
PlanetOut brands also include The Advocate (http://www.advocate
.com); and, HIVPlus
(http://www. extrapolated five percent (based on the
national population figures
) of the annual $1.sports cheerleading
m. The groups
are a key component of the company's inclusion and diversity strategy
.com, the number one
site for reaching single men earning more than $150,000 who take cruise
vacations
, as well as, The Advocate, OUT and The Out Traveler, which combined
index 2. property Gay. Moreover
, according to @Plan
(Spring 2005), Gay. PlanetOut, based in San Francisco with additional
offices
in New York, Los Angeles, London and Buenos Aires, offers FORTUNE 1000
and Global 500 advertisers
access to what it believes to be the most extensive
network of gay and lesbian people in the world
.facilities sports
RSVP joins PlanetOut and its established audience of
LGBT travelers served by PlanetOut's award
-winning travel content, including
dedicated travel channels on its flagship Web sites Gay. RSVP
further bolsters our competitive
position with a growing family of trusted brands that address the
desire of
our core audience to connect with one another, to be enriched by rewarding
experiences
and to build community. 14, 2006, and expects to provide its business outlook for the first
quarter
, including the estimated financial impact of the RSVP acquisition.outtraveler. Such forward-looking
statements involve known and unknown risks, uncertainties and other factors
which may cause the
actual results, performance or achievements of the company
to differ materially from any future results
, performance or achievements
expressed or implied by such forward-looking statements. Such factors
include,
among others, the company's limited operating history and variability of
operating results;
the company's ability to attract and retain subscribers and
advertisers; the company's ability to
integrate the acquired assets of RSVP;
competition; timing of product launches; and the company's
dependence on
technology infrastructure and the Internet.sec.related sports
is the leading global media and entertainment
company
exclusively serving the lesbian, gay, bisexual and transgender (LGBT)
community.com, PlanetOut
.com), as well as other publishing, direct marketing and
e-commerce properties, including Alyson Publications
, SpecPub, Inc.
contact bisexual
(RSVP), a leading marketer of gay
and lesbian travel events, for $6.com
,
Kleptomaniac.category facilities
"Our customers want to do business with companies that can respond to and
understand
their needs," says BellSouth Chief Diversity Officer Valencia
Adams.
- Addresses advertisers
' desire to target the gay and lesbian market with
multi-media, multi-platform marketing and sponsorship
programs.
- Connects RSVP's trusted gay and lesbian travel marketing platform with
PlanetOut
's online and print properties, including Gay.
(Nasdaq: LGBT), the leading media and entertainment
company exclusively
serving the lesbian, gay, bisexual and transgender (LGBT) community, today
announced
that it has signed a definitive agreement to acquire substantially
all of the assets of RSVP Productions
, Inc. PlanetOut expects to
close this transaction in March 2006, subject to the satisfaction of
regulatory
and business requirements, and expects it to be immediately
accretive. A pioneer
in the travel
industry since 1985, RSVP has hosted more than 80,000 guests
from all over the world.com and PlanetOut
.com,
as well as the travel magazine, The OUT Traveler.5 times the
average for people who take
more than nine domestic trips per year and 6. and
Triangle Marketing Services.francisco contact
Through BellSouth
Answers(R), residential and small business
customers can bundle their local and long distance service
with dial-up and
high-speed DSL Internet access, satellite television and Cingular(R) Wireless
service
.3
times the average for people who take more than nine foreign trips per year,
according to The
Advocate/OUT 2005 MRI Custom Study (Index: Spring 2004 U.
About PlanetOut Inc. PlanetOut
's brands include Gay.This category is for sites about Cheerleading-related activities, events, clubs
, groups, services, and facilities for gay, lesbian, and bisexual people.
san schedule
Information and registration
will be available at the BellSouth
tent. For more information, please visit http://www.
facilities biographies
On Sunday June 26, BellSouth employees, friends, partners and family will
march in the parade, which
begins at 1:00 p.
BellSouth's five other networking groups are: BellSouth Network of
African
American Telecommunications Professionals, Alianza (a Hispanic
networking group), BellSouth Women
's Networking Alliance, Inter-Tribal Council
of BellSouth Employees (a Native American group), and
the Pan-Asian Council of
BellSouth Employees.'s broad and deep reach through its media
properties
, customer lists and capital resources to fuel RSVP's growth.0 million in
additional consideration
based on achievement of certain financial performance
targets for 2007 and 2008. magazine properties
The Advocate, OUT and Out Traveler in combination
index 2. For more information, please
visit
http://www.biographies francisco
com(R) and The Real
Yellow Pages(R).3 million in revenue for the
first nine months
of 2005. RSVP is headquartered in Minneapolis and is marketed through travel
agencies dedicated to
the gay and lesbian community as well as through direct
sales.com, and OUT+ABOUT Travel, as well
as localized versions of the
Gay.francisco gallery
rsvpvacations.gov.francisco san
"As in other areas of the business, the company
is continually looking
for ways to improve the effectiveness of our efforts and having a presence
at
events such as Pride afford us an opportunity to interact face-to-face with
current and potential
customers," she adds.5 million in cash plus up to $3.S.'s powerful demographic through what we believe
to be the world's largest audience of gays and lesbians anywhere creates
opportunities for RSVP
to offer even more people in our worldwide community
the chance to experience the best vacation of
their lives, with more options,
more destinations and an expanded schedule of RSVP tours, cruises
and events
as a part of PlanetOut," said Paul Figlmiller, president, RSVP.
As a result, PlanetOut
will reflect the post-closing portion of RSVP's 2006
financial performance on its 2006 financial
statements.com.com site, in English, French, German, Italian, Portuguese and Spanish.facilities sponsorship
"
About
BellSouth Corporation
BellSouth Corporation is a Fortune 100 communications company
headquartered
in Atlanta, Georgia.facilities sports
In addition, group members volunteer in various
community organizations and
initiatives throughout the year.com.5 million in cash plus up to $3.
PlanetOut Inc.cheerleading facilities
BellSouth
has joint control and 40 percent
ownership of Cingular Wireless, the nation's largest wireless voice
and data
provider with more than 50 million customers. The acquisition leverages our existing
travel
media assets, established LGBT audience, customer lists and capital
resources to fuel RSVP's growth
.5 times the average for people who take foreign cruises, 3.lesbian events
BellSouth is proud to have been recognized
over the years for its
commitment to inclusion and diversity.
- Expands PlanetOut's footprint
in the estimated $65-billion-a-year gay
and lesbian travel market.S.bisexual cheerleading
BellSouth is a 2005 Atlanta Pride
Sponsor
BellSouth will host a tent during the three-day event, located along Major
Sponsor
Row, showcasing many of our products and services such as DSL, long
distance, DirecTV, and BellSouth
(R) Complete Choice(R) plan bundles.3 times the
average for people who take more than nine foreign
trips per year.com members are six times more likely to travel and 10
times more likely to go on
a cruise than the average Internet user. "Among these
opportunities are tours, where both gays and
lesbians, as well as their
families and friends, can come together for life-enriching travel adventures
."
PlanetOut plans to report its fourth-quarter fiscal 2005 financial results
on Feb.
PlanetOut
expects to close the transaction late in the first quarter of 2006.
About RSVP Productions
, Inc.information people
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