News/Press Releases

Wednesday - May 03, 2006.

Leisurelink Closes Series B Financing.

(Pasadena, CA.May 2, 2006)--Pasadena, CA based LeisureLink, Inc., the electronic marketplace that connects travelers with vacation lodging suppliers worldwide, has announced the closing of its five million dollar Series B round of venture capital from Mission Ventures and Clearstone Venture Partners.

“LeisureLink has developed a unique platform that gives vacation lodging and timeshare organizations global reach. Our recent funding will allow us to recruit a world-class management and engineering team and expand our operations globally,” said Kelly Tompkins, founder and Chief Strategy Officer for LeisureLink.

Since 2002 LeisureLink has expanded the revenue opportunities for vacation lodging management companies, timeshare companies as well as offline and online travel agencies. The LeisureLink electronic marketplace allows suppliers to increase their revenue per available room and agencies to earn attractive commissions. This massively scaleable system currently features next generation type-A connectivity with major GDS systems and merchant distribution with major online travel agencies.

“In Mission Ventures and Clearstone Venture Partners we have two of the premier Southern California venture investors,” said Erik Hovanec, President and CEO of LeisureLink. “With LeisureLink they are investing in a company that already has many of the leading vacation lodging companies relying on our electronic distribution platforms. As we continue to scale our operation, we are confident that other premiere suppliers will be attracted to our global reach and compelling platform in order to maximize their revenue.”

About LeisureLink
LeisureLink was founded in June of 2002 with the goal of making vacation lodging properties widely available through online travel sites and traditional travel agents.  LeisureLink not only delivers broad distribution, but also provides revenue management tools that maximize property managers’ profitability in all market conditions and seasons. Our clients include vacation lodging, timeshare, and condohotel properties.

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

Contact:

Brooke Davidson
Comunicano, Inc.
bdavidson@comunicano.com
+1.858.314.2958

or

Sue Huss
Comunicano, Inc.
sue.huss@comunicano.com
+1. 619.379.439