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Planet Out IPO: Worlds largest Gay Media company goes public!

PLANTET OUT IPO UPDATE: SAN FRANCISCO, October 14, 2004 - PlanetOut Inc. (Nasdaq: LGBT) today announced the initial public offering (IPO) of 4,650,000 shares of its common stock at a price of $9.00 per share. The current market price has soared up to $10.40 in mid-day trading on Wall Street. Good going Planet Out!

About PlanetOut Inc.
PlanetOut Inc. is a global online media company serving the lesbian, gay, bisexual and transgender, or LGBT, community.

April 30, 2004 (HoustonGayWeb)-- If you think the Google IPO is the only IPO registered in the last week.. think again a huge IPO just became news from one of our own. PlanetOut, who got its name from AOL keyword searches and chat rooms is now looking for some big money to fund its growing company.

PlanetOut, which operates and three other gay, lesbian, and transgender oriented Web sites has more than 3.3 million active users worldwide. They have been a sucess story compared to the dot com bubble bursts years ago. PlanetOuts revenues last year were were $19 million, a rather big amount for a gay niche company.

According to documents filed with SEC, the San Francisco based company says it hopes to raise up to $75 million with an initial public offering of stock that would trade on the Nasdaq Stock Market under the symbol LGBT. LGBT is an acronym for lesbian, gay, bisexual and transgender. "We are not sure why they decided for Lesbian to come first but we assume that will not raise too much controversy.," says Tracy Thomas of PlanetOut said the proceeds from its stock sales would be used for general corporate expenses and possibly for the acquisition of additional businesses or products in the IPO filing.

PlanetOut has grown drastically over the last decade from a fierce news service to a top of the line chat product from that even AOL, Yahoo, or MSN cannot compete with. They offer personals and offer a greater percentage of gays and lesbians than and other popular competitors.

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