Published: August 09, 2011
XO Group Announces $20 Million Stock Repurchase Program
NEW YORK - (BUSINESS WIRE) - XO Group Inc. (NYSE: XOXO, www.xogroupinc.com),
formerly The Knot Inc., the premier media and technology company devoted
to weddings, pregnancy, and everything in between, today announced that
its Board of Directors has authorized the repurchase of up to $20
million of the Company's common stock from time to time on the open
market or in privately negotiated transactions. The Company also
announced it had completed the program announced in February 2010 to
repurchase $50 million of the Company's common stock.
"We continue to believe that XO Group's repurchase of our shares
represents an excellent long-term investment and that this action to
adopt a new stock repurchase program demonstrates our commitment to
enhancing shareholder value," said David Liu, Chief Executive Officer.
The timing and amount of any shares repurchased will be determined by
the Company's management based on its evaluation of market conditions
and other factors. The repurchase program may be suspended or
discontinued at any time.
The repurchase program will be funded using the Company's working
capital. As of June 30, 2011, the Company had cash and cash equivalents
of approximately $94.7 million and approximately 30.6 million shares of
common stock outstanding.
Under the prior program, the Company repurchased 3,671,526 shares of
common stock for approximately $37.7 million in a privately negotiated
transaction with Macy's, Inc. in February 2011, and 1,260,300 shares of
common stock for approximately $12.3 million on the open market between
May 2011 and August 2011.
About XO Group Inc.
XO Group Inc. (NYSE: XOXO; www.xogroupinc.com),
formerly The Knot Inc., is the premier media and technology company
devoted to weddings, pregnancy and everything in between, providing
young women with the trusted information, products and advice they need
to guide them through the most transformative events of their lives. Our
family of premium brands began with the #1 wedding brand, The Knot, and
has grown to include WeddingChannel.com, The Nest, The Bump and
Ijie.com. XO Group is recognized by the industry for being innovative in
all media - from the web to social media and mobile, magazines and
books, and video - and our groundbreaking social platforms have ignited
passionate communities across the world. XO Group has leveraged its
customer loyalty into successful businesses in online sponsorship and
advertising, registry services, ecommerce and publishing. The company is
publicly listed on the New York Stock Exchange (XOXO) and is
headquartered in New York City.
This release may contain projections or other forward-looking statements
regarding future events or our future financial performance. These
statements are only predictions and reflect our current beliefs and
expectations. Actual events or results may differ materially from those
contained in the projections or forward-looking statements. It is
routine for internal projections and expectations to change as the
quarter progresses, and therefore it should be clearly understood that
the internal projections and beliefs upon which we base our expectations
may change prior to the end of the quarter. Although these expectations
may change, we will not necessarily inform you if they do. Our policy is
to provide expectations not more than once per quarter, and not to
update that information until the next quarter. Some of the factors that
could cause actual results to differ materially from the forward-looking
statements contained herein include, without limitation, (i) our online
wedding-related and other websites may fail to generate sufficient
revenue to survive over the long term, (ii) our history of losses, (iii)
inability to adjust spending quickly enough to offset any unexpected
revenue shortfall, (iv) delays or cancellations in spending by our
advertisers and sponsors, (v) the significant fluctuation to which our
quarterly revenue and operating results are subject, (vi) the
seasonality of the wedding industry, (vii) our expectation of a decline
in WeddingChannel.com membership and traffic to the WeddingChannel.com
online shop as a result of the termination of the old Macy's registry
services agreement, (viii) the dependence of the WeddingChannel.com
registry services business on third parties, and (ix) other factors
detailed in documents we file from time to time with the Securities and
Exchange Commission. Forward-looking statements in this release are made
pursuant to the safe harbor provisions contained in the Private
Securities Litigation Reform Act of 1995.

XO Group Inc.
Malindi Davies, 212-219-8555 x1322
Investor
Relations Manager
IR@xogrp.com
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