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Companies news

TripAdvisor Acquires Where I’ve Been

NEWTON, Mass. July 11, 2011 /PRNewswire/ — TripAdvisor(R), the world’s largest travel site*, today announced it has acquired Where I’ve Been, LLC, a leading travel website and social platform with a detailed interactive world map that lets users share where they’ve been, lived, and want to go. Where I’ve Been is based in Chicago, Illinois and was founded by Michael Dalesandro and Craig Ulliott.

photos.prnewswire.com/prnh/20080902/TRIPADVISORLOGO )

Where I’ve Been(R) allows users to share their world map on social networks and interact with like-minded users. Its Facebook application has allowed 10 million people to create color coded travel maps, pinning off close to half a billion places. Members can also upload stories and photos, source the community for answers to travel questions, and browse the Travel Guide which displays socially relevant information first. This acquisition underscores TripAdvisor’s continued focus and growth in social travel.

The entire product team at Where I’ve Been will join TripAdvisor.

Terms of the acquisition will not be disclosed.

For more information, visit www.WhereIveBeen.com.

About TripAdvisor

TripAdvisor(R) is the world’s largest travel site, enabling travelers to plan and have the perfect trip. TripAdvisor offers trusted advice from real travelers and a wide variety of travel choices and planning features (including Flights search, TripAdvisor Mobile and Instant Personalization) with seamless links to booking tools.

TripAdvisor(R) Media Group, operated by TripAdvisor LLC, attracts more than 50 million unique monthly visitors* across 18 popular travel brands**. TripAdvisor-branded sites make up the largest travel community in the world, with more than 40 million unique monthly visitors***, 20 million members, and over 45 million reviews and opinions. The sites operate in 30 countries worldwide****, including China under daodao.com. TripAdvisor also operates TripAdvisor for Business, a dedicated division that provides the tourism industry access to TripAdvisor’s millions of monthly visitors. The division includes Business Listings, which allows hoteliers to connect directly to millions of researching travelers, and Vacation Rentals, which helps property managers and individual home owners list their properties and showcase hotel alternatives.

TripAdvisor Media Group websites have been recognized as top travel resources in 2010 by Conde Nast Traveller, Good Housekeeping, TIME magazine and Travel + Leisure.

TripAdvisor Media Group generated $486 million in revenue in 2010. TripAdvisor and the sites comprising the TripAdvisor Media Group are operating companies of Expedia, Inc.

TripAdvisor and the TripAdvisor logo are trademarks or registered trademarks of TripAdvisor LLC in the U.S. and/or other countries. Where I’ve Been is a trademark or registered trademark of Where I’ve Been, LLC in the U.S. and/or other countries. Other logos or product and company names mentioned herein may be the property of their respective owners.

(C)2011 TripAdvisor LLC. All rights reserved.

*Source: comScore Media Metrix for TripAdvisor Media Group Sites, Worldwide, May 2011

** In addition to TripAdvisor, The TripAdvisor Media Group of websites includes: www.airfarewatchdog.com, www.bookingbuddy.com, www.cruisecritic.com, www.everytrail.com, www.familyvacationcritic.com, www.flipkey.com, www.holidaylettings.co.uk, www.holidaywatchdog.com, www.independenttraveler.com, www.onetime.com, www.seatguru.com, www.sniqueaway.com, www.smartertravel.com, www.travel-library.com, www.travelpod.com, www.virtualtourist.com and www.kuxun.cn.

***Source: comScore Media Metrix for TripAdvisor Sites, Worldwide, May 2011

**** TripAdvisor sites operate in 30 countries worldwide: www.tripadvisor.com, www.tripadvisor.co.uk, www.tripadvisor.ca, www.tripadvisor.it, www.tripadvisor.es, www.tripadvisor.de, www.tripadvisor.fr, www.tripadvisor.jp, www.daodao.com, www.tripadvisor.in, www.tripadvisor.se, www.tripadvisor.nl, www.tripadvisor.com.br, www.tripadvisor.com.tr, www.tripadvisor.dk, www.tripadvisor.com.mx, www.tripadvisor.ie, www.tripadvisor.com.au, www.tripadvisor.com.sg, www.tripadvisor.co.kr, no.tripadvisor.com, pl.tripadvisor.com, th.tripadvisor.com, www.tripadvisor.ru, www.tripadvisor.com.gr, www.tripadvisor.co.id, www.tripadvisor.com.ar, www.tripadvisor.tw and www.tripadvisor.com.my, and www.tripadvisor.com.eg.

photos.prnewswire.com/prnh/20080902/TRIPADVISORLOGO

PRN Photo Desk, photodesk@prnewswire.com TripAdvisor

CONTACT: Karen Drake, TripAdvisor, +1-617-795-7528, kdrake@tripadvisor.com

www.tripadvisor.com/

FriendFinder Networks Inc. Added to Russell 2000 Index

SUNNYVALE, Calif. July 11, 2011 /PRNewswire/ — FriendFinder Networks Inc. (FFN)(NasdaqGM: FFN), a leading internet and technology company providing services in the rapidly expanding markets of social networking and web-based video sharing, today announced it has been added to the Russell 2000(R) Index and Russell 3000(R)( )Index when Russell Investments reconstituted its comprehensive set of U.S. and global equity indexes on June 24, 2011.

Russell indexes are widely used by investment managers and institutional investors for both index funds and as benchmarks for passive and active investment strategies. FriendFinder Networks Inc. will hold its membership at least until Russell reconstitutes its indexes in June 2012.

After successfully completing our Initial Public Offering in May, we are excited about our inclusion in the Russell 2000 and Russell 3000, noted Marc H. Bell, President and CEO of FriendFinder Networks Inc. In addition to our own efforts to raise our profile with the investment community, we believe that being added to this well-regarded index will expand our appeal to a broader institutional audience.

The Russell 3000 also serves as the U.S. component to the Russell Global Index, which Russell launched in 2007.

The annual reconstitution of the Russell 3000 captures the 3,000 largest U.S. stocks as of the end of May, ranking them by total market capitalization. The largest 1,000 companies in this ranking comprise the Russell 1000 and the next 2,000 companies become the Russell 2000.

Forward-Looking Statement

Companies news

This press release includes forward-looking statements within the meaning of the safe harbor provisions of the United States Private Securities Litigation Reform Act of 1995. Actual results may differ from expectations, estimates and projections and, consequently, you should not rely on these forward looking statements as predictions of future events. Words such as expect, estimate, project, budget, forecast, anticipate, intend, plan, may, will, could, should, believes, predicts, potential, continue, and similar expressions are intended to identify such forward-looking statements. These forward-looking statements involve significant risks and uncertainties that could cause the actual results to differ materially from the expected results.

Additional information concerning these and other risk factors is contained in the Company’s most recent filings with the SEC. All subsequent written and oral forward-looking statements concerning the Company are expressly qualified in their entirety by the cautionary statements above. The Company cautions readers not to place undue reliance upon any forward-looking statements, which speak only as of the date made. The Company does not undertake or accept any obligation or undertaking to release publicly any updates or revisions to any forward-looking statement to reflect any change in their expectations or any change in events, conditions or circumstances on which any such statement is based.

This press release shall not constitute an offer to sell, or a solicitation of an offer to buy, nor shall there be any sale of the Company’s securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such state or jurisdiction.

About FriendFinder Networks Inc.

FriendFinder Networks Inc. (www.FFN.com) is an internet-based social networking and technology company operating several of the most heavily visited websites in the world, including AdultFriendFinder.com, Amigos.com, AsiaFriendFinder.com, Cams.com, FriendFinder.com, BigChurch.com and SeniorFriendFinder.com. FriendFinder Networks Inc. also produces and distributes original pictorial and video content and engages in brand licensing.

About Russell

Russell Investments provides strategic advice, world-class implementation, state-of-the-art performance benchmarks and a range of institutional-quality investment products. Russell has about $161 billion in assets under management as of March 31, 2011, and serves individual, institutional and advisor clients in more than 35 countries. Founded in 1936, Russell is a subsidiary of The Northwestern Mutual Life Insurance Company.

Investor Contact for FriendFinder Networks Inc.

Brian Prenoveau

Director, Investor Relations

561-912-7035 or bprenoveau@ffn.com

KCSA Strategic Communications

Jeffrey Goldberger / Rob Fink

212.896.1249 / 212.896.1206


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