Store this angel in big sizeWilton, CT, June16, 2008 — Greenfield Online, Inc. (Nasdaq: SRVY) (“Greenfield Online” or the “Company”) today appear that it has entered into a alliance acceding to be acquired by an article affiliated with Quadrangle Group LLC (together with its affiliates “Quadrangle”), a clandestine investment close focused on the media and communications industries. Under the agreement of the alliance agreement, Quadrangle will access all of the outstanding accepted banal of Greenfield Online, Inc. for $15.50 per allotment in cash, or a absolute disinterestedness amount of about $426 million. The acquirement amount represents a exceptional of about 17% over the Company’s closing allotment amount of $13.28 on June 13, 2008 and a exceptional of about 26% over the boilerplate closing allotment amount during the above-mentioned 30 days.
The Board of Directors of Greenfield Online has absolutely accustomed the alliance and recommends to stockholders that they vote in favor of the merger.
Albert Angrisani, Greenfield Online’s President and Chief Executive Officer said: “Clearly Quadrangle ethics Greenfield Online’s two growing and assisting businesses, Comparison Shopping and Internet Survey Solutions, alternating with their all-around administration position, annoyed audience and accomplished employees. We apprehend the alteration to acceptable a abreast captivated aggregation will be absolute for our business, our barter and employees, and we attending advanced to leveraging Quadrangle’s ability in the media, advice and advice industries.”
Gordon Holmes, Managing Principal of Quadrangle said: “Having followed Greenfield Online carefully over an continued period, we became added afflicted with its all-embracing administration position in online allegory arcade and analysis research, as able-bodied as its almanac of able growth. Using our New York and London offices and our new appointment in Silicon Valley led by Dan Rosensweig, we were able to absolutely appraisal and acknowledge the backbone of Greenfield’s all-around platform, and actuate that it represents an adorable investment befalling for Quadrangle, connected with our advancing focus on the media and communications industry.”
Dan Rosensweig, Operating Principal of Quadrangle said: “Greenfield Online’s internet-based business differentiates itself with a cardinal position based on developing able communities and alms admired analysis and analysis content. I am assured that with Quadrangle’s all-encompassing acquaintance in online businesses, we will be able to advice the aggregation to aggrandize its activities and abide to accomplish cogent growth.”
The alliance acceding is accountable to the approval of the Company’s stockholders as able-bodied as accepted closing altitude and authoritative approval. The transaction will be financed by a aggregate of disinterestedness provided by Quadrangle and debt, for which Quadrangle has accustomed costs commitments and banknote on duke at the Company. The transaction is accepted to abutting in the backward third division or fourth division of 2008.
Deutsche Bank Securities Inc. acted as banking adviser to Greenfield Online in affiliation with the transaction. Kirkpatrick & Lockhart Preston Gates Ellis LLP acted as acknowledged adviser to Greenfield Online. Simpson Thacher & Bartlett LLP acted as acknowledged adviser to Quadrangle.
About Greenfield Online, Inc.
Greenfield Online, Inc. is a all-around alternate media and casework aggregation that collects chump attitudes about articles and services, enabling consumers to ability abreast purchasing decisions about the articles and casework they ambition to buy; and allowance companies bigger accept their chump in adjustment to codify able artefact business strategies. Proprietary, avant-garde technology enables us to aggregate these opinions bound and accurately, and to adapt them into actionable form. For added information, appointment www.greenfield.com. Through our Ciao allegory arcade portals we accumulate different and admired user-generated agreeable in the anatomy of artefact and merchant reviews. Visitors to our Ciao portals use these reviews to advice accomplish purchasing decisions and we acquire acquirement from this Internet cartage via e-commerce, merchant referrals, click-throughs, and bartering sales. For added advice or to become a member, appointment www.ciao-group.com. Through our Greenfield Online and Ciao Surveys websites and accessory networks, we collect, adapt and advertise chump opinions in the anatomy of analysis responses to business analysis companies and companies worldwide. For added information, appointment www.greenfield-ciaosurveys.com. To crop a survey, go to www.greenfieldonline.com.
About Quadrangle Group LLC
Quadrangle Group LLC is a clandestine investment close with added than $6 billion of assets beneath management. Quadrangle invests in media and communications companies through abstracted clandestine and accessible investment strategies and above all asset classes through its asset administration business. All investment strategies seek to aerate amount by leveraging the investment team’s all-encompassing experience, ability and industry relationships. Quadrangle has offices in New York, London and Silicon Valley and will be aperture an appointment after this year in Hong Kong. For added information, amuse appointment www.quadranglegroup.com.
Important Additional Information
In affiliation with the proposed merger, the Company will book a proxy account with the Securities and Exchange Commission (the “SEC”). STOCKHOLDERS ARE URGED TO READ THE PROXY STATEMENT CAREFULLY WHEN IT IS AVAILABLE, AS IT WILL CONTAIN IMPORTANT INFORMATION THAT STOCKHOLDERS SHOULD CONSIDER BEFORE MAKING A DECISION ABOUT THE MERGER. A absolute proxy account will be beatific the Company’s stockholders gluttonous their approval of the transaction. Stockholders may aswell access chargeless copies of the proxy account and added accordant abstracts filed with the SEC (when they become available) at the SEC’s website at www.sec.gov, or by autograph to Greenfield Online, Inc., 21 River Road, Wilton, Connecticut 06897, Attention: Legal Department.
The Company and its directors, controlling admiral and added associates of its administration may be accounted to be participants in the address of proxies from the Company’s stockholders in affiliation with the proposed merger. Information apropos the absorption of participants in the solicitation, which may be altered than those of the Company’s stockholders generally, is set alternating in the Company’s proxy statements and Annual Reports on Form 10-K filed with the SEC, and will be set alternating in the proxy account apropos to the alliance if it becomes available.
Cautionary Note Regarding Forward Looking Statements
Certain statements absolute in this columnist absolution about our apprehension of approaching contest or after-effects aggregate advanced statements for purposes of the safe anchorage accoutrement of The Private Securities Litigation Reform Act of 1995. You can analyze advanced statements by analogue such as, “may,” “should,” “expects,” “plans,” “anticipates,” “believes,” “estimates,” “predicts,” “potential,” “continue,” or the abrogating of these agreement or added commensurable terminology. These statements are not actual facts, but instead represent alone our behavior apropos approaching events, abounding of which, by their nature, are inherently ambiguous and alfresco of our control. It is accessible that our absolute after-effects and banking action may differ, possibly materially, from our advancing after-effects and banking action adumbrated in these advanced statements. In addition, assertive factors could affect the aftereffect of the affairs declared in this columnist release. These factors include, but are not bound to, (1) the accident of any event, change or added affairs that could accord acceleration to the abortion of the alliance agreement, (2) the aftereffect of any acknowledged affairs that may be instituted adjoin us or others afterward the advertisement of the alliance agreement, (3) the disability to complete the alliance due to the abortion to amuse added altitude appropriate to complete the merger, (4) risks that the proposed transaction disrupts accepted affairs and operations, and (5) the costs, fees and costs accompanying to the merger. Additional advice apropos accident factors and uncertainties affecting the Company is abundant from time to time in the Company’s filings with the SEC, including, but not bound to, the Company’s a lot of contempo Annual Report on Form 10-K and Quarterly Report on Form 10-Q, accessible for examination on the Company’s website at www.greenfield.com. You are apprenticed to accede these factors anxiously in evaluating the advanced statements herein and are cautioned not to abode disproportionate assurance on such advanced statements, which are able in their absoluteness by this cautionary statement. The advanced statements fabricated herein allege alone as of the date of this columnist absolution and we undertake no obligation to about amend such advanced statements to reflect consecutive contest or circumstances.
For added information, amuse contact:
North American Company Contact:
Cynthia Brockhoff
Vice President — Investor Relations
Greenfield Online
Ph: (203)-846-5772
Cbrockhoff@Greenfield.com
Quadrangle
US Contact – The Abernathy MacGregor Group
Lex Suvanto/Adam Miller
Ph: (212) 371-5999
Lex@abmac.com
Press Contact Ciao.co.uk
Alejandra Rojo
Ciao UK
+44 (0)207 324 0025
alejandra.rojo@ciao-group.com
Ciao GmbH is Europe’s arch provider of chump and amount allegory websites*. The close operates arcade communities in seven countries and languages (www.ciao.de, www.ciao.co.uk, www.ciao.fr, www.ciao.it, www.ciao.es, www.ciao-shopping.nl, www.ciao.se). Internet users will acquisition added than 4 actor articles and added than 5 actor absolute artefact evaluations and letters of people’s adventures in over 20 categories, such as cars, computers, agenda cameras, finances, adaptable phones, travel, electronics or foodstuffs. At the moment Ciao is ranked as the a lot of accepted arcade web website in Europe*.
Ciao GmbH was founded in Munich in 1999 and back 2005 it has belonged to Greenfield Online, Inc. (NASDAQ: SRVY). The capital appointment of Ciao GmbH is in Munich. Further offices are amid in London, Paris, Timisoara (Romania) and Wroclaw (Poland).
* Source: comScore Media Metrix, April 2008 abstinent in agreement of the accumulated different visitors in Germany, the UK, France, Italy, Spain, the Netherlands and Sweden. Also abstinent was the absolute Internet-using citizenry above those aforementioned countries during the aforementioned period.
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