Report Date: September 5, 2011 Price as of 9/2/2011 /2011

Travel Zoo, Inc.

Nasdaq TZOO, Optionalble

$33.90 33.90

Potential Long
52 Week Trading Range $19.75 - $103.80 Market Capitaliza ation 561MM Dividend Yield N.A. Industry Internet (SVC) Ave. Volume e 1.6MM Beta 1.65

We are looking to enter in the $35.20 area for an upside target area over the next 12 months of 35.20 $65.00. The diversification area is $41.00 Our stop area is $30.50. TZOO is coming out of compression 41.00. as well as recovering from some negative news re: the sale of an Asian subsidiary. Travelzoo Inc., an Internet media company, publishes travel and entertainment offers from various travel and entertainment companies in North America and Europe. In addition, the company operates Fly.com, a travel search engine that allows users to find the best prices on flights from various airlines and online travel agencies. The company is moving aggressively into localization, leveraging its information network and an subscriber base to drive traffic keyed to brick and mortar businesses in specific markets. Its products provide advertising opportunities for airlines, hotels, cruise lines, vacation packagers, and other travel and entertainment companies. Travelzoo Inc. was founded in 1998 and is headquartered in New York, New York.