Travelzoo Announces Management Changes in Local & Search
NEW YORK -- April 10, 2014
Travelzoo Inc. (NASDAQ:TZOO), a global Internet media company, announced today
it is making management changes within its Local and Search businesses.
Mark Webb, president of Travelzoo Local, is leaving the company on May 1,
2014. Michael Stitt will assume leadership of the company’s Local business in
North America. Mr. Stitt joined Travelzoo in 2004 and launched Travelzoo Local
in 2010. In Europe, Travelzoo Local will report to the respective country
manager in each market.
Travelzoo also appointed David White to lead Travelzoo’s Search business. Mr.
White joins Travelzoo from Yahoo!, where he served as senior director of
product operations. Prior to his position at Yahoo!, he developed and ran
Efficient Frontier’s European business. Mr. White holds a Bachelor of Science
degree in Electrical Engineering and Computer Science from the University of
California at Berkeley.
The management changes are made in response to the continued weakness in the
company’s local voucher sales and declining search revenues.
Travelzoo Inc. is a global Internet media company. With more than 27 million
subscribers in North America, Europe, and Asia Pacific and 25 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.
Travelzoo, North America
Christie McConnell, 212-484-4912
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