Travelzoo Announces Share Repurchase Program
February 15 2017 - 5:25PM
Business Wire
Travelzoo (NASDAQ:TZOO), a global publisher of travel and
entertainment offers, 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® provides our 28 million members insider deals and one
of a kind experiences personally reviewed by one of our deal
experts around the globe. With more than 25 offices worldwide we
have our pulse on outstanding travel, entertainment, and lifestyle
experiences. For over 15 years we have worked in partnership with
more than 2,000 top travel vendors—our long-standing relationships
allow us access to the very best deals.
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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version on businesswire.com: http://www.businesswire.com/news/home/20170215006335/en/
TravelzooInvestor Relations:Lijun
Qiir@travelzoo.com
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