LGBTD Planetout (MM)

Sale will strengthen PlanetOut balance sheet and enable company to focus on core media properties SAN FRANCISCO, Oct. 11 /PRNewswire-FirstCall/ -- PlanetOut Inc. (NASDAQ:LGBTD), the leading media and entertainment company exclusively focused on the gay and lesbian market, today announced that it has entered into a definitive agreement with Atlantis Events, Inc. for Atlantis to acquire RSVP Vacations. The transaction is subject to customary closing conditions and is expected to close on or about October 24, 2007. The sale will not affect RSVP's scheduled itinerary, nor will it affect current passenger bookings. "We are extremely pleased that RSVP will become part of the Atlantis family," said Karen Magee, chief executive officer, PlanetOut Inc. "Atlantis plans to preserve RSVP's distinct brand, enabling Atlantis to expand the audience it serves by taking advantage of RSVP's unique positioning within the LGBT community. We believe this combination also will be a real positive for RSVP's customers and business partners. It really is a perfect match and we're looking forward to expanding and extending our marketing relationship with Atlantis." "From a corporate perspective, we believe this transaction demonstrates to our shareholders that we are continuing to deliver on our commitment to leverage our strengths by simplifying our business model and emphasizing our core competencies," added Magee. "We are focused on ensuring that we are in the best position to realize our full potential as the leading media and entertainment company exclusively serving the LGBT market, while also strengthening our balance sheet." Magee also pointed out that the sale of RSVP reflects PlanetOut's strategy of shifting its business to a model which has advertising revenue at its core, and draws strength from the company's powerful, iconic media brands. "We're thrilled to bring Atlantis and RSVP together into the same family for the first time," said Rich Campbell, chief executive officer of Atlantis. "The two companies are stronger together than they are apart, and taken together demonstrate the strength and vitality of the gay travel market." About PlanetOut Inc. PlanetOut Inc. is the leading global media and entertainment company exclusively serving the lesbian, gay, bisexual and transgender (LGBT) community. PlanetOut's digital media brands include Gay.com, PlanetOut.com, Advocate.com, Out.com, OutTraveler.com and HIVPlusMag.com. PlanetOut print media brands include The Advocate, Out, The Out Traveler and HIVPlus, as well as SpecPub, Inc. titles. Transaction services brands include e-commerce Web sites Kleptomaniac.com and BuyGay.com, and book publisher Alyson Publications. PlanetOut, based in San Francisco with additional offices in New York and Los Angeles, offers Global 1000 and local advertisers access to what it believes to be the most extensive multi-channel, multi-platform network of gay and lesbian people in the world. 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 potential, strategic positioning and marketing relationship with Atlantis, as well as statements containing the words "believes," "anticipates," "expects," and similar words. 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; competition; timing of product launches; success of its marketing efforts; and the company's dependence on technology infrastructure and the Internet. Additional information concerning factors that could affect PlanetOut's future business and financial results is included in the company's Annual Report on Form 10-K for the year ended December 31, 2006 and other public filings filed from time to time with the Securities and Exchange Commission (SEC), which are available at the SEC's website at http://www.sec.gov/. DATASOURCE: PlanetOut Inc. CONTACT: Kevin Nyland of PlanetOut Inc., +1-415-834-6389, Web site: http://www.planetoutinc.com/

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