Travelzoo Inc. (NASDAQ:TZOO), a global Internet media company, today announced the appointment of Mr. Eddie Garcia as Senior Vice President of Product Development, strengthening the company’s leadership in Search. The appointment comes after a year of declines in Travelzoo’s Search revenues, which accelerated further in the fourth quarter ending December 31, 2013.
Travelzoo expects to report a decline in revenues from its Search business segment of approximately 25% for the fourth quarter, 2013, compared to the prior-year period, predominantly as a result of users migrating to search via mobile. A key component of Mr. Garcia’s role will be to monetize search on the mobile platform, which currently lags behind the results seen from desktop. Travelzoo's Search business segment includes its comparison tools Fly.com and SuperSearch.
Mr. Garcia joins Travelzoo from eBay Inc., where he held numerous product and search roles beginning in December 2003. Since September 2010, he has served as Director, Marketplace Business Incubation. From January 2009 to September 2010, Mr. Garcia was Director Global Search Experience. From September 2007 to December 2008, he was Director, Global Search Products and Pricing. Mr. Garcia holds a B.S. in Mechanical Engineering and a Masters of Business Administration from Stanford University.
About TravelzooTravelzoo Inc. is a global Internet media company. With more than 26 million subscribers in North America, Europe, and Asia Pacific and 25 offices worldwide, Travelzoo® publishes deals from more than 2,000 travel and entertainment companies. Travelzoo's 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.
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