LeisureLink Announces $6.2 Million Venture Round

Rapid Growth During Recession Drives Investment

PASADENA, Calif. LeisureLink, Inc, the leading distribution and revenue management platform for specialty lodging suppliers, today announced that it has closed the first tranche of a $6.2 million equity investment round. The investment was led by Mission Ventures and Clearstone Venture Partners, with additional participation from other insiders.

“LeisureLink has dramatically grown revenues in spite of the difficult economic environment, and we believe this is the right time to invest in establishing a dominant position in specialty lodging,” said Ted Alexander, Partner at Mission Ventures.

“This new capital gives us the resources to cope with surging demand from both our suppliers and new distribution partners,” said Erik Hovanec, President and CEO of LeisureLink. “Specialty lodging suppliers need new sources of revenue quickly in this difficult economic environment, and it is critical that we maintain our ability to have new properties up and running in time for their peak seasons,” he added.

“Vacation rentals and specialty lodging are clearly the hottest part of the travel industry,” said Jim Armstrong, Managing Director of Clearstone Venture Partners, “and we want LeisureLink to become the major player in the electronic distribution for this high growth sector. We have invested in dozens of content distribution companies, and LeisureLink’s ability to monetize content is very impressive,” said Armstrong. “LeisureLink is creating great value for its distribution partners,” he added, “and that is allowing the company to expand their network rapidly.”

“We will use this capital to grow beyond OTA and GDS distribution,” said Hovanec. “We are aggressively investing in new products and channels, some obvious and some not so obvious, in order to fulfill our mission of bringing specialty lodging to the mass market,” he concluded.

In addition to distribution services, LeisureLink will continue to invest in its products such as its booking engine and customizable timeshare resort rental program. “Rental programs are an important source of revenue and new consumer traffic for our affiliated resorts, particularly in the current difficult environment,” said Gordon Gurnik, president, North America, Group RCI. “We are pleased with our investment and to continue our partnership with LeisureLink to bring new consumers into our affiliated resorts,” said Gurnik.

“We are glad to secure the capital to fund LeisureLink’s continued rapid growth,” said Erik Hovanec. “At a time when other companies are experiencing financial difficulties, it is critical to have the support of investors and partners such as Mission, Clearstone and Group RCI,” said Hovanec.

About LeisureLink(TM)

LeisureLink powers global distribution and demand for the vacation rental and specialty lodging industry. Our distribution platform and proprietary Demand Management System™ enable property managers to increase bookings and optimize revenue across thousands of distribution channels. For more information visit www.LeisureLink.com and to view properties go to www.ABetterStay.com.

About Group RCI

Group RCI, part of the Wyndham Worldwide family of companies, (NYSE:WYN – News) is the worldwide leader in vacation exchange and the European leader in vacation rentals, with exclusive access for specified periods to more than 67,000 vacation properties in approximately 100 countries. The company is comprised of vacation exchange, including RCI®, the worldwide leader in vacation exchange and provider of travel services to businesses and consumers and The Registry Collection®, the world’s largest luxury exchange program; vacation rentals, including Endless Vacation RentalsSM, Landal GreenParks®, Novasol®, and more than 30 other vacation rental brands, through which vacationers can rent a variety of property types, from city apartments to villas; and NorthCourse®, Leisure Real Estate Solutions, an international leader in providing a full spectrum of advisory, research, and asset management services. Wyndham Worldwide Corporation is one of the world’s largest hospitality companies with leading brands in lodging franchising, vacation ownership, vacation rentals and vacation exchange. For additional information visit www.grouprci.com or the media center of www.wyndhamworldwide.com.

About Mission Ventures

Mission Ventures helps build successful enterprises in Southern California and creates superior returns on investment for its investors. This is accomplished by investing in the most promising early-stage companies in high growth, emerging markets, and providing significant assistance to those companies as they develop. The Partnership brings value-added capital, experience, management talent, and guidance to the most outstanding and innovative ideas and entrepreneurs in the region. For more information visit http://www.missionventures.com.

About Clearstone Venture Partners

Clearstone Venture Partners provides venture capital for technology innovators in California and beyond. With offices in Santa Monica and Menlo Park, Clearstone has more than $650 million of committed capital. It invests across the horizon of technology markets, including software, enterprise infrastructure, storage, communications, security, wireless, semiconductors, advanced optics and both consumer & business Internet. Clearstone has a proven history of leadership in financing and building high-growth technology start-ups, having backed segment-leading companies including PayPal (acquired by eBay), Overture (acquired by Yahoo), United Online (UNTD), PeopleSupport (PSPT), AOptix Technologies, ARIO Data Networks, Internet Brands, Meru Networks and Novariant. For more information, visit http://www.clearstone.com.

Source: LeisureLink Inc.