September 07, 2011 at 16:09 PM EDT
Travelzoo Reports Summer Local Deals Results

Travelzoo Inc. (NASDAQ: TZOO), a global Internet media company, today announced the results for Local Deals during the current quarter, showing a seasonal slowdown in August.

During the months of July and August of 2011, Travelzoo generated a total of $10.8 million and $9.9 million in Local Deals gross revenue, respectively. Gross revenues represent the voucher prices paid by Travelzoo subscribers. Travelzoo reports its Local Deals revenues on a net basis, which is gross revenues less payments to merchants, credit card processing fees, refunds, reserves and indirect taxes.

“We saw a slowdown in Local Deals activity in August, which we attribute to seasonality,” said Christopher Loughlin, chief executive officer. “On an overall basis, we are pleased with the progress of our Local Deals. A year ago, we were still testing in two markets and generated just $119,000 in Local Deals gross revenue during July and August combined.”

For more information about Travelzoo and to become a Travelzoo subscriber for free, please visit www.travelzoo.com.

About Travelzoo

Travelzoo Inc. is a global Internet media company. With more than 24 million subscribers in North America, Europe, and Asia Pacific and 24 offices worldwide, Travelzoo® publishes deals from more than 2,000 travel, entertainment and local companies. Travelzoo Deal Experts review offers to find the best deals and confirm their true value. In Asia Pacific, Travelzoo is independently owned and operated by Travelzoo (Asia) Ltd. and Travelzoo Japan K.K. under a license agreement with Travelzoo Inc.

Certain statements contained in this press release that are not historical facts may be forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities and Exchange Act of 1934. These forward-looking statements may include, but are not limited to, statements about our plans, objectives, expectations, prospects and intentions, markets in which we participate and other statements contained in this press release that are not historical facts. When used in this press release, the words “expect”, “predict”, “project”, “anticipate”, “believe”, “estimate”, “intend”, “plan”, “seek” and similar expressions are generally intended to identify forward-looking statements. Because these forward-looking statements involve risks and uncertainties, there are important factors that could cause actual results to differ materially from those expressed or implied by these forward-looking statements, including changes in our plans, objectives, expectations, prospects and intentions and other factors discussed in our filings with the SEC. We cannot guarantee any future levels of activity, performance or achievements. Travelzoo undertakes no obligation to update forward-looking statements to reflect events or circumstances occurring after the date of this press release. Travelzoo and Top 20 are registered trademarks of Travelzoo. All other names are trademarks and/or registered trademarks of their respective owners.

Contacts:

Media:
Travelzoo, North America
Christie McConnell, 212-484-4912
cmcconnell@travelzoo.com
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