News/Press Releases

Tuesday - September 25, 2007.

LeisureLink Closes $8.1mm Series B-1 Financing; Group RCI is Lead Investor

PASADENA, Calif. (September 25, 2007) -  -- LeisureLink, Inc., the leading distribution platform for vacation lodging properties, has announced the closing of its eight million dollar Series B-1 round of venture capital from Clearstone Venture Partners, Group RCI, and Mission Ventures.

“We are delighted that Group RCI, the global leader in non-hotel leisure accommodations, has invested in LeisureLink. We are equally appreciative of the continuing support of our venture capital investors,” said Erik Hovanec, President and CEO of LeisureLink. “This new round of investment financing validates our belief and the belief of our corporate affiliates that effective vacation lodging distribution requires the capabilities of the LeisureLink system”, he concluded.

“No other distribution platform is specifically designed to highlight the individual attributes of vacation lodging properties,” said Ken May, Chairman and CEO of Group RCI. “We are investing in LeisureLink to further establish a retail channel that is focused on vacation rentals,” he said. “We look forward to building a long-term strategic relationship with LeisureLink.”  

LeisureLink provides electronic distribution for all types of vacation lodging properties-timeshare resorts, vacation rentals, and condohotels. The company’s expert staff focuses on positioning and pricing each property to maximize bookings in all electronic channels. LeisureLink works with major online travel sites, as well as all three U.S. GDS systems. The company represents over 1000 properties, in locations around the world, providing exciting consumer alternatives to traditional hotel lodging.

About LeisureLink

LeisureLink makes unique vacation lodging widely available through online travel sites and traditional travel agents. LeisureLink delivers broad distribution, property marketing services and pricing assistance to increase rental bookings and maximize property managers’ profitability in all market conditions and seasons. Our clients include vacation rental, timeshare, and condohotel properties. For more information visit www.LeisureLink.com.

Media Contact:

LeisureLink Inc.
Steve Reich,
Senior Vice President, Sales
626-696-4530
SLReich@LeisureLink.com

About Group RCI

Group RCI, part of the Wyndham Worldwide family of companies, (NYSE: WYN) is the global leader in non-hotel leisure accommodations with exclusive access for specified periods to more than 60,000 vacation properties in more than 100 countries. Organizationally, Group RCI 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 Green Parks®, Novasol® and more than 30 other vacation rental brands through which vacationers can rent a wide variety of property types, from city apartments to country cottages to unique villas; and NorthCourseSM Leisure Real Estate Solutions, an international leader in providing the full spectrum of advisory, research, asset management and turnkey solutions and services. Collectively, the company delivers vacation experiences to leisure travelers around the world and provides products and services to business customers that support the growth of the vacation ownership industry. Wyndham Worldwide Corporation is one of the world’s largest hospitality companies. For additional information visit www.grouprci.com or the media center of www.wyndhamworldwide.com.

Media Contact:

Group RCI
Susan McGowan,
626-696-4530
Susan.mcgowan@rci.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 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 www.clearstone.com.