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.
contests zines
* According to the Travel Industry Association (TIA) Travel Industry
Association of America
's 2002 survey in conjunction with National Tour
Association, ASTA and GLAMER.
- Addresses
advertisers' desire to target the gay and lesbian market with
multi-media, multi-platform marketing
and sponsorship programs."
PlanetOut Inc. PlanetOut
Inc. magazine properties The Advocate
, OUT and Out Traveler in combination
index 2.
As a result, PlanetOut will reflect the post-closing
portion of RSVP's 2006
financial performance on its 2006 financial statements.publication passport
"Combining Group
Travel
Planet's technology with the benefits of booking on Orbitz, we are offering
leisure travelers
a faster and easier way to plan and book group travel,
regardless of the size of the group.com ,
to the general public in June 2001, Orbitz
has become the third largest online travel site based
on gross travel
bookings.GroupTravelPlanet.
This acquisition substantially increases PlanetOut
's position in the $65
billion gay and lesbian travel market*, as estimated by research firm
Community
Marketing, Inc.com and PlanetOut. "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. More
than 80,000 men and women have participated in RSVP's big and
small ship cruises, riverboat cruises
, land tours, and resort vacations.
Destinations in 2006 include the Caribbean, Central America, the
Czech
Republic, Austria, Hungary, Ireland, Mexico, French Polynesia, Peru and
Thailand. For more
information, please visit http://www.
* Community Marketing, Inc.references sections
Since launching its
website
, http://www. The acquisition leverages our existing
travel media assets, established LGBT audience
, customer lists and capital
resources to fuel RSVP's growth.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).
PlanetOut Inc.
PlanetOut brands also include The Advocate
(http://www.com); Out
(http://www.zines bisexual
"For many people who try to coordinate a wedding, family
reunion, or
weekend trip with friends, it can be challenging to find the right hotel and
make
arrangements that suit the needs of multiple travelers," said Kurt
Weinsheimer, Orbitz vice president
of Hotels.S.
- Leverages PlanetOut Inc. "RSVP is an excellent
strategic fit for PlanetOut
, giving us an additional platform to serve the
varied needs of the LGBT community.gov.sections cruises
RSVP
, a privately held company based in Minneapolis with 12 employees,
posted $7. 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. 14, 2006, and expects to provide
its business outlook for the first
quarter, including the estimated financial impact of the RSVP
acquisition.Travel news and media includes magazines, E-zines, and reviews of travel related activities
, destination, and lodging accommodations.
contests locator
- Expands PlanetOut's footprint in the estimated
$65-billion-a-year gay
and lesbian travel market. Moreover, according to @Plan
(Spring 2005)
, Gay.
Adults).com,
Kleptomaniac.passport gay
com, LLC from March 2000
to September 2004, is the pioneer
and first company to fully-automate group
booking online from start to finish. (RSVP), a leading
marketer of gay
and lesbian travel events, for $6. is the leading global media and entertainment
company
exclusively serving the lesbian, gay, bisexual and transgender (LGBT)
community.com site
, in English, French, German, Italian, Portuguese and Spanish. 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.qt gay
Orbitz now offers its customers the
ability to book discounted group hotel
rates for five or more rooms at more than 10,000 "group-friendly
" hotels
across North America.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.
(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.outtraveler. 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. extrapolated five percent (based on the
national population figures) of the annual $1.destinations sections
In addition, leisure travelers booking groups on
Orbitz
will have access to unique, online features that make it easy to manage their
group hotel
booking. Additional
features of the new group booking capabilities include:
-- Ability
to search group inventory and discounted group rates at
thousands of hotels across the U
.5 times the average for people who take cruises and 6.5 times the
average for people who take more
than nine domestic trips per year and 6.
About 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.
sister printed
Technology From Group Travel Planet Allows Consumers to Book Hotel
Rooms for
Groups of Five or More
CHICAGO and PIGEON FORGE
, Tenn. Orbitz
was acquired by Cendant's Travel Distribution Services division in November
2004
, and is part of the Consumer Travel Americas group.'s broad and deep reach through its media
properties
, customer lists and capital resources to fuel RSVP's growth.
"Access to PlanetOut Inc.rsvpvacations
. PlanetOut's brands include Gay. For more information, please
visit http://www.3 trillion U.guesthouses subscription
SAN FRANCISCO, PlanetOut Inc.
PlanetOut expects to close the transaction late in the first
quarter of 2006.gay references
, When it comes to
leisure travel, the more the merrier is best, especially since
group travel
continues to grow as a $36 billion a year industry in the U.
PlanetOut Inc
. Agrees to Acquire RSVP Vacations
0 million in
additional consideration based on achievement of
certain financial performance
targets for 2007 and 2008.0 million in
additional consideration
based on achievement of certain financial performance
targets for 2007 and 2008. 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), as well as other publishing, direct marketing and
e-commerce
properties, including Alyson Publications, SpecPub, Inc.friendly sister
New Features on Orbitz.com Make It Faster and
Easier to Book Group Hotels
orbitz. property Gay.sec.references sections
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.5 times the average for
people who take foreign cruises, 3.3
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.references zines
"
"Booking groups has typically been a manual and time-consuming process
where travelers relied on
their own resources, called multiple hotels for
rates and availability, and had to keep track of
all the details on their
own," said Scott Harness, president and CEO of Group Travel Planet.com members
are six times more likely to travel and 10
times more likely to go on a cruise than the average Internet
user.advocate.hivplusmag.disney tag
'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.
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.
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.
tag breakfasts
com that will help travelers take the hassle out of
coordinating
group trips or gatherings such as family reunions, destination
weddings and church retreats.5 million
in cash plus up to $3."
PlanetOut plans to report its fourth-quarter fiscal 2005 financial results
on Feb.planetoutinc.breakfasts guesthouses
"
Orbitz's new group booking functionality can be accessed on the site
from
the "Hotels" page by clicking the "Need 5 or more rooms" link. Started by industry professionals
with
extensive knowledge of the group travel industry, Group Travel Planet has led
the way in
developing and providing leisure group travelers (School Groups,
Sports Teams, Family Reunions, Church
Groups, and more) with an easier way to
plan, book and manage all aspects of their group trips online
, saving them
valuable time and money. 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
.S.qt magazine
S.* Orbitz, the
site that makes travel faster and easier to find and Group Travel Planet, LLC
,
the pioneer of online group travel booking, today announced new group booking
features on Orbitz
. On Orbitz, consumers can search more than 455 airlines, tens of
thousands of lodging properties
worldwide and 22 car rental companies. For more information, visit
http://www.com or call (866)
MY PLANET. PlanetOut will extend a bridge loan of up to $1.S.passport printed
3 million in revenue for the
first nine
months of 2005.com. travel industry
as stated by the Travel Industry Association of America.zines cruises
3 times
the
average for people who take more than nine foreign trips per year.4
million to RSVP, which
will be repaid upon closing, and will also reimburse
RSVP for approximately $300,000 of expenses
at closing. 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.2 million
in revenue in 2004 and $8.
About RSVP Productions, Inc.com, and OUT+ABOUT Travel, as well
as localized versions of the
Gay.com); and, HIVPlus
(http://www.destination circuit
"Group
Travel Planet's group
booking engine means that Orbitz customers can now plan
every step of their group hotel reservation
online -- from reserving the rooms
to receiving email reservation confirmations to providing and
updating room
lists. Leverages Reach of PlanetOut Media Properties to Fuel Business Growth Into
Significant Gay and Lesbian Travel Market
- Purchase price of $6.
- Further diversifies and balances PlanetOut's revenue mix among
advertising, subscription
and transaction businesses.
- Connects RSVP's trusted gay and lesbian travel marketing platform
with
PlanetOut's online and print properties, including Gay.5 million in cash plus up to $3.
"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. and
Triangle Marketing Services.destination breakfasts
About Group Travel Planet
Group Travel Planet, which operated as CoachQuote. The company
has one of the largest online networks
of supplier partners throughout North America, including over
10,000
"group-friendly" hotels. A pioneer
in the travel industry since 1985, RSVP has hosted more
than 80,000 guests
from all over the world.com,
as well as the travel magazine, The OUT Traveler
.printed magazine
and Canada
-- Detailed hotel information including amenities that are important to
group travelers
-- Online ability to assign names to each room, add or drop rooms, and
e-mail itineraries from the group reservation management tools at any
time
-- Email updates about payments and room lists to make sure travel
planning goes smoothly
-- Group customer care assistance available 24/7 at (866) 216-3010 for
groups who
need to speak with a live agent
About Orbitz
Orbitz is a leading online travel
company that enables travelers to search
for and purchase a broad array of travel products, including
airline tickets,
lodging, rental cars, cruises and vacation packages.com, PlanetOut.cruises destinations
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