SOURCE: StubHub

August 25, 2006 08:00 ET

StubHub Named Fastest Growing Private Retail Company in America by Inc. Magazine

Annual "Inc. 500" List Places Ticket Marketplace 8th Overall With Three-Year Sales Growth of 3,247.8%

SAN FRANCISCO, CA -- (MARKET WIRE) -- August 25, 2006 -- With a staggering growth rate of over 3,000 percent from 2002 - 2005, StubHub, the fan's ticket marketplace, is ranked the 8th fastest growing private company in America on Inc. Magazine's annual "Inc. 500" list. The 2006 Inc. 500, as revealed in the September issue of Inc., separates its honorees into twenty-three industry sectors. Within the Retail sector, StubHub finished as the top company overall, its impressive three-year growth rate surpassing the second ranked retailer by more than 500 percent.

"When I saw the Inc. 500 list with StubHub in the top ten, I was thrilled -- but I have to admit I wasn't completely surprised," said StubHub founder and CEO Jeff Fluhr. "This past year has been an exceptional year of growth for StubHub, validating our efforts to serve fans who wish to buy and sell their tickets to live events, that had been underserved for far too long. We are enjoying a great 2006, and we're enthused about what the future holds for StubHub and our customers."

StubHub was founded in 2000 with the realization that consumers were being under served by the traditional options for purchasing and selling tickets. Frustrations were rampant when trying to buy tickets through traditional primary outlets because tickets would sell out very quickly, sometimes in minutes, for the hottest concerts and sporting events. Then, after being disappointed with the lack of access and choice, consumers were forced to buy or sell tickets through street scalpers, classified ads, community boards or general auction sites. These options presented the potential risks of counterfeiting, fraud, timely recourse, and pricing that was not at all transparent.

When an investor makes a decision to buy or sell shares of stock, they have clear expectations in terms of the process:

-- Fair and open pricing

-- Timely execution

-- Guaranteed performance for a specified fee

Since its inception, StubHub has taken a page from the stock market, providing a similar set of services for the "secondary" ticket market, the aftermarket where millions of tickets are bought and sold second hand. With some market estimates reaching $10 billion annually in the United States, there is a clear demand and opportunity for the services that StubHub has perfected for the ticket buying and selling public.

StubHub's open market-based approach has won a significant amount of support from professional sports teams, including the Indianapolis Colts, Chicago Bears and New Jersey Nets and collegiate athletic programs such as the University of Southern California and University of Alabama. In addition, StubHub has partnerships with media companies such as AOL and CBS, and has joined with numerous recording artists, most recently the rock group INXS, to provide unique and exclusive experiences for fans.

The ranking of StubHub as one of the fastest growing companies in the country comes at a time when the secondary ticket market is rapidly becoming a mainstream option for all fans of live events.

"If you want to find out which companies are going to change the world, look at the Inc. 500," said Inc. Editor Jane Berentson. "These are the most innovative, dynamic, fast-growth companies in the nation, the ones coming up with solutions to some of our most intractable ills, creating systems that let us conduct business faster and easier, and manufacturing products we soon discover we can't live without. The Inc. 500 list is Inc. magazine's tribute to American business ingenuity and ambition."


Methodology

The 2006 Inc. 500 list measures revenue growth from 2002 through 2005. To qualify, companies had to be U.S.-based, privately held independent -- not subsidiaries or divisions of other companies -- as of December 31, 2005, and have at least $600,000 in net sales in the base year.

About StubHub

StubHub is the fan's ticket marketplace, enabling customers nationwide to buy and sell tickets at fair market value to a vast selection of sporting, concert, theater and other live entertainment events, even those that are "sold out." StubHub reinvented the ticket resale market in 2000 and continues to lead through innovation. The company's unique open marketplace, dedicated solely to tickets, provides all fans the choice to buy or sell their tickets in a safe, convenient, and highly reliable environment. All transactions are processed and delivered via StubHub's patent-pending FanNetwork(SM) ticket delivery service, supported by seven-day toll free customer service at 1-866-STUBHUB, and backed by an industry-first FanProtect(SM) Guarantee. Company partners include sports teams in the NFL, NBA, NHL, leading NCAA athletic programs and numerous media companies. The company is headquartered in San Francisco. For more information on StubHub, visit www.stubhub.com.

About Inc. Magazine

Inc., http://www.inc.com, the only major business magazine dedicated exclusively to owners and managers of growing private companies, delivers real solutions for today's innovative company builders. It provides hands-on tools and market-tested strategies for managing people, finances, sales, marketing, and technology. Inc., a Mansueto Ventures LLC publication, inspires and informs, with cutting-edge coverage that reflects our readers' energy, brashness, and imagination.

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