Travelzoo Completes Secondary Offering
October 29, 2003 16:55:00 (ET)
NEW YORK, Oct 29, 2003 (BUSINESS WIRE) -- Travelzoo Inc. (OTCBB: TVZO), an Internet media company that publishes online advertisements of sales and specials for hundreds of travel companies, today announced that is has completed a secondary offering of 402,500 shares of common stock to more than 400 investors. The underwriter for the offering exercised the over-allotment option in full.
Wedbush Morgan Securities, Inc. acted as the sole underwriter for the offering. The offering was priced at $3.25 per share. The shares being offered are owned by Ralph Bartel, the chief executive officer and principal stockholder of Travelzoo Inc. The offering is expected to close on October 30, 2003.
A registration statement relating to the common stock has been declared effective by the Securities and Exchange Commission. A copy of the final prospectus related to the offering may be obtained by contacting Wedbush Morgan Securities, Inc., 1000 Wilshire Boulevard, Los Angeles, California 90017-2465, Attention: Mr. Jay Park.
This announcement does not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any offer or sale of the common stock in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction.
About Travelzoo
Travelzoo Inc. is an Internet media company that publishes online advertisements of sales and specials for hundreds of travel companies. Reaching over 5.1 million unique users per month (comScore Media Metrix 3/2003), Travelzoo lists sales and specials from approximately 200 advertisers, including Air New Zealand, Alamo Rent A Car, American Airlines, American Express Travel, Avis Rent A Car, Carnival Cruise Lines, Fairmont Hotels & Resorts, Gate 1 Travel, Ian Schrager Hotels, InterContinental Hotels, JetBlue Airways, Kimpton Hotels, Liberty Travel, Lufthansa, Mark Travel, Marriott, Omni Hotels, Pleasant Holidays, Royal Caribbean Cruises, Spirit Airlines, Starwood Hotels & Resorts Worldwide, The Venetian, Travelocity, United Airlines, US Airways, Virgin Atlantic Airways and Wyndham Hotels & Resorts.
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, Top 20, and Weekend.com are registered trademarks of Travelzoo Inc. All other company and product names mentioned are trademarks of their respective owners.
SOURCE: Travelzoo Inc.
Travelzoo Inc.
Kelly Ford, 212-521-4216 (Media)
kford@travelzoo-inc.com
