We look forward to continuing that
momentum in the future and have a committed team of industry
veterans leading
the charge.
Note: This press release may contain "forward-looking statements
" within
the meaning of the federal securities laws.
- Leverages PlanetOut
Inc.
(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. 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.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.com); Out
(http://www. and
Triangle Marketing Services.
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.that society
, according to Nielsen//NetRatings' Loyalty Stickiness
Report. Leverages
Reach of PlanetOut Media Properties to Fuel Business Growth Into
Significant Gay
and Lesbian Travel Market
- Purchase price of $6.com,
as well as the travel magazine
, The OUT Traveler.5 times the average for people who take foreign cruises, 3.
PlanetOut brands also
include The Advocate (http://www.hivplusmag. travel industry
as stated by the Travel Industry Association
of America.travel specifically
Assumes President's Title at Wheeling Island Gaming
WHEELING ISLAND
, W. Its family of companies includes Delaware North
Companies Parks + Resorts, Delaware North Companies
Gaming + Entertainment, CA
One Services, Delaware North Companies Sportservice, Delaware North Companies
International, FleetCenter (soon to be renamed TD Banknorth Garden), Delta
Queen Steamboat Company
, and American Park 'n Swap.
- Expands PlanetOut's footprint in the estimated $65-billion
-a-year gay
and lesbian travel market.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 2.3 times the
average for people who take more than nine foreign trips per
year.2 million in revenue in 2004 and $8.com and PlanetOut.
"Access to PlanetOut Inc.
About RSVP Productions, Inc. For more information, please
visit http://www. 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.travel specifically
, Ron Sultemeier, president
of Delaware North Companies
Gaming + Entertainment and Chief Executive Officer
of Wheeling Island Gaming, announced today that
he will assume the additional
responsibilities as president and general manager for Wheeling Island
Gaming.
Delaware North Companies Gaming and Entertainment is one of the most
innovative gaming
and racing operators in the country, specializing in racing
venues with added amenities, including
video gaming machines, poker rooms,
full service restaurants, retail shops and lodging. SAN FRANCISCO
, PlanetOut Inc.com and OUT+ABOUT Travel. magazine properties The Advocate, OUT and Out Traveler in
combination
index 2.
PlanetOut expects to close the transaction late in the first quarter of 2006
.
As a result, PlanetOut will reflect the post-closing portion of RSVP's 2006
financial performance
on its 2006 financial statements.com. 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
.destination lodging
Ron Sultemeier President of Delaware North Companies Gaming + Entertainment Assumes Additional Leadership
Post
, a wholly owned subsidiary of Delaware North Companies,
Inc.
Delaware North Companies
is one of the world's leading hospitality and
food service providers. (Nasdaq:
LGBT), a global
online media company serving the lesbian, gay, bisexual and
transgender community and parent company
of Gay. With the addition of GENRE magazine, Window
Media now reaches more than 1.4
million to
RSVP, which will be repaid upon closing, and will also reimburse
RSVP for approximately $300,000
of expenses at closing.com.travel specifically
It is the largest operation of Delaware North Companies Gaming
+ Entertainment
, Inc.
GENRE is the complete lifestyle sourcebook for gay men.S. Along
with these other local
gay media, GENRE is now a part of the most respected
and successful niche publishing company in the
country.3 million in revenue for the
first nine months of 2005. The acquisition leverages our existing
travel media assets, established LGBT audience, customer lists and capital
resources to fuel RSVP
's growth.com, and OUT+ABOUT Travel, as well as localized versions of the
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.S.destinations bisexual
PlanetOut Inc.0 million in
additional consideration
based on achievement of certain financial performance
targets for 2007 and 2008.5 times the average
for people who take cruises and 6.
"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."
PlanetOut Inc. property Gay. PlanetOut
Inc. 14, 2006, and expects to provide its business outlook
for the first
quarter, including the estimated financial impact of the RSVP acquisition. RSVP is
headquartered in Minneapolis and is marketed through travel
agencies dedicated to the gay and lesbian
community as well as through direct
sales.sec.destinations lesbian
The company oversees more
than 5,500 video gaming
machines across the country and operates at seven
successful racing operations in New York, Arizona
, Florida, West Virginia and
Arkansas. For more information, visit http://www.com, announced today
that it
has formed a marketing alliance with Window Media, publisher of GENRE
magazine, to offer
a year-long subscription to GENRE with every new quarterly
and annual subscription to Gay.com.com
because we believe it is the
biggest gay network in the world with the most extensive reach," said
Steven
Guerrini, GENRE publisher and national sales director for Window Media. The company serves
its growing base of more than 3.
About GENRE
GENRE is published by Window Media, which
also publishes several
progressive gay publications across the United States such as The New York
Blade, Washington Blade, 411 Magazine, Southern Voice, Express Gay News,
Houston Voice and David
Atlanta.5 million readers each and every month. (RSVP), a leading marketer of gay
and lesbian travel
events, for $6.
This acquisition substantially increases PlanetOut's position in the $65
billion
gay and lesbian travel market*, as estimated by research firm
Community Marketing, Inc.'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. For more information
, please visit http://www.destination society
"
Wheeling Island Gaming, Inc. Every month, the
magazine throws a
spotlight on the hottest, the freshest and the best -- in
entertainment, the arts, fashion, home
design, automotive, technology, health
and fitness, grooming and travel.com offers us a way to extend
brand awareness
and drive circulation growth.com, PlanetOut.PlanetOut Inc. Agrees to Acquire RSVP
Vacations
5 million in cash plus up to $3.outtraveler.com); and, HIVPlus
(http://www.specifically australia
Sultemeier
will assume operational responsibility for the largest revenue-
producing unit of Delaware North
Companies Gaming + Entertainment, one of the
most successful racing and gaming companies in the United
States. To date, Delaware North Companies Gaming + Entertainment is one of
only two operators of
video gaming machines at racetrack locations in New York
State.
These statements are made as of
the date of this press release, and we
undertake no obligation to publicly update or revise any forward
-looking
statement, whether as a result of new information, future events or otherwise. Gay.com consistently
ranks in the top five, among all Web sites measured, for average time spent
per visitor in the
U.
- Further diversifies and balances PlanetOut's revenue mix among
advertising, subscription
and transaction businesses.
RSVP, a privately held company based in Minneapolis with 12 employees
,
posted $7.
lesbian that
"We strive to provide our members with the best possible value when
they
subscribe to Gay."
About PlanetOut Inc. A pioneer
in the travel industry since
1985, RSVP has hosted more than 80,000 guests
from all over the world. 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 is an excellent
strategic fit for
PlanetOut, giving us an additional platform to serve the
varied needs of the LGBT community.5 times
the
average for people who take more than nine domestic trips per year and 6. "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.
Destinations in 2006 include the Caribbean, Central America
, the Czech
Republic, Austria, Hungary, Ireland, Mexico, French Polynesia, Peru and
Thailand.rsvpvacations
.
PlanetOut Inc.advocate. 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.
* Community Marketing, Inc.australia lodging
Va.DelawareNorth
.PlanetOut Inc. and Window Media Form Marketing Alliance
is a leading global online media company
offering consumer
services, news and entertainment to the lesbian, gay, bisexual and transgender
(LGBT) community. For more information, please visit http://www.com.5 million in cash plus up to
$3.
- Connects RSVP's trusted gay and lesbian travel marketing platform with
PlanetOut
's online and print properties, including 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. Moreover, according to
@Plan
(Spring 2005), Gay.S. PlanetOut's brands include Gay.com, PlanetOut.com site, in English, French
, German, Italian, Portuguese and Spanish.gov.Destination information related to Oceania that offers
information specifically to the gay, lesbian, and bisexual traveler.
zealand oceania
"Wheeling Island Racetrack
+ Gaming Center is a world class gaming
destination and one that is very important to our gaming
portfolio," said Ron
Sultemeier, President of Delaware North Companies Gaming + Entertainment and
CEO of Wheeling Island Gaming. "For
a publication like GENRE, Gay.5 million
active members
worldwide through a comprehensive group of branded businesses
featuring diverse chat, news, entertainment
, travel, dating, personal finance,
career, shopping and community services at Gay.com,
Kleptomaniac
. PlanetOut, based in San Francisco,
offers FORTUNE 500 advertisers access to what it believes to
be the most
extensive network of gay and lesbian people in the world.'s broad and deep reach through
its media
properties, 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).
Adults). More than 80,000 men and women
have participated in RSVP's big and
small ship cruises, riverboat cruises, land tours, and resort
vacations.new destination
com. Statements concerning anticipated
future events and expectations are not historical
facts. "GENRE
is a great addition to our subscription service, which already includes a
suite
of real-time connection and matchmaking tools, complete online access to
our OUT+ABOUT travel guides
, plus other unique offers from our business
partners."
"We chose to align ourselves with Gay
. extrapolated five percent (based on the
national population figures) of the annual $1.oceania new
6
billion
in annual revenue and 30,000 associates serving one-half billion
customers in the United States,
Canada, the United Kingdom, Australia and New
Zealand. We caution you that
these statements are
not guarantees of future performance and are subject to
numerous risks and uncertainties, any of
which could cause actual results to
differ materially from those expressed or implied by the statements
herein.planetoutinc. PlanetOut will extend a bridge loan of up to $1.com members are six times more
likely to travel and 10
times more likely to go on a cruise than the average Internet user.com,
Kleptomaniac
.planetoutinc.
new society
The change
is a temporary one that will be in effect until a successor is appointed
for
Geoff Andres, former president and general manager of Wheeling Island Gaming,
who resigned
today. "Over the years, we have invested more than
$100 million on expansion and improvements, making
this one of the region's
strongest entertainment destinations. owns and operates Wheeling Island
Racetrack +
Gaming Center, a premier gaming and entertainment complex located in Wheeling,
West
Virginia. Delaware North Companies
is one of the largest privately held companies in the United States
with $1.com," said Mark Elderkin, president, PlanetOut Inc.
- Addresses advertisers' desire
to target the gay and lesbian market with
multi-media, multi-platform marketing and sponsorship programs
.
SAN FRANCISCO, PlanetOut Inc.0 million in
additional consideration based on achievement
of certain financial performance
targets for 2007 and 2008."
PlanetOut plans to report its
fourth-quarter fiscal 2005 financial results
on Feb. is the leading global media and entertainment
company
exclusively serving the lesbian, gay, bisexual and transgender (LGBT)
community.com),
as well as other publishing, direct marketing and
e-commerce properties, including Alyson Publications
, SpecPub, Inc.that gay
A community sponsored library.
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