LGBT LGBTQ plus ESG 100

PlanetOut Inc. Names New Chief Technology Officer SAN FRANCISCO, July 7 /PRNewswire-FirstCall/ -- PlanetOut Inc. (NASDAQ:LGBT), a leading global media company serving the lesbian, gay, bisexual and transgender (LGBT) community, today announced that Peter Kretzman has joined PlanetOut's senior leadership and engineering teams as senior vice president and chief technology officer. Kretzman brings more than 30 years of technology experience to PlanetOut Inc., most recently serving as the senior vice president of information technology for Classmates Online, Inc., an online community connecting over 38 million members. He also has a successful track record of architecting, implementing and operating internal and customer-facing systems in a wide array of companies, including, AT&T Wireless; Cobalt Group Inc., which develops and hosts integrated e-business solutions for the automotive industry, including infrastructure management for more than 9,000 Web sites; IT management at F5 Networks; and, development of Getty Images' PhotoDisc. Kretzman has held additional programming and IT management positions at Metapath Software and Grumman Aerospace Corp., and has chaired the SAS Users Group International Conference and co-chaired various sub-committees. He has also published eight papers in the SAS User Group International Proceedings. "Peter's breadth and depth of technological knowledge, including experience with other online subscriber communities, makes him well-suited to lead the technology efforts at PlanetOut," said Lowell Selvin, chairman and CEO of PlanetOut Inc. "In conjunction with our product development, quality assurance and technical operations teams, he will help to ensure Sarbanes Oxley compliance and help us to complete our on-going platform migration in order to develop cutting-edge Java-based applications." As chief technology officer, Kretzman will be responsible for the development, integration and deployment of technologies that are designed to optimize the efficiency and quality of PlanetOut Inc.'s products, services and delivery infrastructures to provide improved member and subscriber experiences. Kretzman holds a bachelor's degree from Stanford University and a master's degree from the University of California at Berkeley. He is also a member of the Association for Computing Machinery. About PlanetOut Inc. PlanetOut Inc. is a leading global online media company offering consumer services, news and entertainment to the lesbian, gay, bisexual and transgender (LGBT) community. The company serves its growing base of more than 3.5 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, PlanetOut.com, Kleptomaniac.com and OUT&ABOUT Travel. PlanetOut, based in San Francisco, offers FORTUNE 1000 advertisers access to what it believes to be the most extensive network of gay and lesbian people in the world. Gay.com consistently ranks in the top five, among all Web sites measured, for average time spent at home online per visitor in the U.S., according to Nielsen//NetRatings' Loyalty Stickiness Report. For more information, please visit http://www.planetoutinc.com/. Forward Looking Statements In addition to the historical information contained herein, this press release contains forward-looking statements, including statements regarding PlanetOut's anticipated future growth and the quality of its technology, products and services. 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. 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, competition, and our dependence on our technology infrastructure and the Internet. Additional information concerning factors that could affect our future business and financial results is included in the Company's Form S-1 and other public filings with the Securities and Exchange Commission, available at http://www.sec.gov/. DATASOURCE: PlanetOut Inc. CONTACT: Shipra Shukla of PlanetOut Inc., +1-415-834-6361, or Web site: http://www.planetout.com/

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