Zagat Survey LLC to Explore Strategic Growth Opportunities

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