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Travelzoo Inc. (TZOO), a global Internet media company, today
announced certain preliminary financial results for the third quarter
ended September 30, 2012 and announced that the Company is in
negotiations to acquire a hotel booking website.
Travelzoo expects to report revenues in the range of $35.0 million to
$35.5 million for the third quarter ended September 30, 2012. Travelzoo
expects to report earnings per share of $0.20 to $0.22. Travelzoo
intends to announce detailed financial results for the third quarter on
Thursday, October 25, 2012.
"We continue to be positive about our long-term growth strategy," said
Chris Loughlin, chief executive officer, "but we have found our hotel
search offering and the group-buying voucher model not meeting the needs
of hotels and users well enough, and therefore plan to adjust our
product offering." Travelzoo discloses that the Company is in active
negotiations to acquire a hotel booking website. "Our hotel commission
tests during the third quarter have shown positive results," said Mr.
Loughlin, "so we are excited about adding, or developing, a hotel
booking platform to our deals business."
Travelzoo’s expanded hotel offering will allow Travelzoo subscribers to
book deals on any night, at select hotels. Unlike online travel agency
(OTA) offerings, Travelzoo intends to limit the selection to those
hotels tested and approved by Travelzoo’s Deal Experts.
On July 26, 2012, the Company announced its board of directors has
authorized the repurchase of up to 1 million shares of the Company’s
outstanding common shares.
About Travelzoo
Travelzoo Inc. is a global Internet media company. With more than 25
million subscribers in North America, Europe, and Asia Pacific and 25
offices worldwide, Travelzoo(R) publishes deals from more than 2,000
travel and entertainment companies. Travelzoo’s 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 Inc. All other company and product
names mentioned are trademarks of their respective owners.
SOURCE: Travelzoo
Travelzoo
Christie McConnell, +1-212-484-4912
cmcconnell@travelzoo.com
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