NEW YORK, Jan. 14 /PRNewswire/ -- Zagat Survey LLC, the world's leading
provider of user-generated survey-based dining, travel and leisure
information, today announced that it has initiated a process of exploring
strategic opportunities to grow its business, including, among other
things, potential partnerships or joint ventures and a potential sale of
the Company. The Company has engaged Goldman, Sachs & Co. as its financial
advisor.
Co-Chairs Tim and Nina Zagat commented, "Over the past three decades,
Zagat Survey has evolved into the premier dining and lifestyle guide in the
world with a globally recognized brand and a unique multi-media business
model combining print, digital and mobile platforms. Coming off 2007 as our
best year ever, we see many opportunities ahead driven by the strength of
the Zagat brand and the expansion of our user-generated content and
distribution vehicles. From this position and with the changes in the
broader media and technology environments, we have determined that it is
the right time to take a look at our Company's options for even more rapid
long-term growth."
Known as the wildly popular "burgundy bible," Zagat Survey is the
world's most trusted source for information about where to eat, drink, stay
and play around the globe, and as such has become a symbol of quality.
Zagat Survey rates and reviews airlines, restaurants, hotels, nightlife,
movies, music, golf, resorts, shopping, spas, and a range of other
entertainment categories in 104 countries and has been lauded as the "most
up-to-date, comprehensive and reliable guides ever published" and as "a
necessity second only to a valid credit card." Zagat content is available
in print, on the Web, on the Palm and Windows Mobile operating systems, on
BlackBerry, on mobile phones, and on TV. For more information, visit
ZAGAT.com.
Caroline Gentile/Wendi Kopsick
Kekst and Company
(212) 521-4883/4867
SOURCE Zagat Survey LLC
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Related links:
http://www.ZAGAT.com
CONTACT:
Caroline Gentile, +1-212-521-4883, or Wendi
Kopsick, +1-212-521-4867, both of Kekst and Company, for Zagat
Survey LLC
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