Travelzoo (NASDAQ:TZOO), a global media commerce company, today
announced that its board of directors has authorized the repurchase of
up to 1 million of the Company's outstanding common shares.
Purchases may be made, from time to time, in the open market and will be
funded from available cash. The number of shares to be purchased and the
timing of purchases will be based on the level of Travelzoo's cash
balances, general business and market conditions, and other factors,
including alternative investment opportunities.
About Travelzoo
Travelzoo is a global media commerce company. With more than 28 million
members in Asia Pacific, Europe, and North America and 25 offices
worldwide, Travelzoo® publishes offers from more than 2,000 travel,
entertainment and local companies. Travelzoo’s deal experts review
offers to find the best deals and confirm their true value.
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.
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