Travelzoo Announces $30.0 Million Common Stock Private Placement

1st Oct 2004

Travelzoo Inc. today announced
that it completed the sale of a total of 750,000 newly-issued shares of
common stock to a group of institutional investors in a private
placement for gross proceeds of $30.0 million. The shares were priced at
$40.00 per share on September 29, 2004, and the closing is scheduled to
occur on September 30, 2004.

Travelzoo intends to use the proceeds from this private placement for
general corporate purposes, including new product development and
marketing expenditures, and potential acquisitions or strategic

The shares of common stock have not been registered under the Securities
Act of 1933 and may not be subsequently offered or sold by investors in
the United States absent registration or an applicable exemption from
the registration requirement. Travelzoo has agreed to file a
registration statement covering resales of the common stock by
investors. This press release does not constitute an offer to sell or
the solicitation of an offer to buy any security and shall not
constitute an offer, solicitation or sale of any securities in any
jurisdiction in which such offer, solicitation or sale would be unlawful
prior to registration or qualification under the securities laws of such


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