Farecast Adds Former Expedia CEO Erik Blachford to Board of Directors
Online travel industry veteran deepens Farecast's travel expertise
SEATTLE– December 12, 2006 — Farecast.com, the first and only airfare prediction website, announced today the addition of former Expedia Chief Executive Officer, Erik Blachford to its board of directors. Erik joins a strong team of travel industry veterans and experienced technology executives including CEO and former Priceline executive, Hugh Crean, Farecast founder Oren Etzioni, Madrona Venture Group partner Matt McIlwain and Moshe Mor, partner at Greylock Partners.
"Farecast's unique technology answers one of the toughest questions in travel - 'when should I buy?'" said Erik Blachford "The team at Farecast is a dynamic group of technologists and travel industry veterans and I welcome the opportunity to work with them as they build great new services for the benefit of travelers everywhere."
Erik was most recently CEO of IAC/InterActiveCorp's travel division, including Expedia, Hotels.com, Hotwire, Classic Custom Vacations and Interval International. Prior to Expedia's acquisition by IAC, Erik was CEO of Expedia, Inc. Erik is a graduate of Princeton University and holds a Masters in Business Administration from Columbia University Graduate School of Business. Erik also serves on the board of directors at Zillow Inc., Sharebuilder Corp and Surfparks LLC.
"We are thrilled to have Erik join the Farecast board," said Hugh Crean, CEO of Farecast. "Erik's wealth of travel expertise and experience will be invaluable as Farecast continues to make customers smarter and better at buying travel with our money-saving predictions."
About Farecast, Inc.
Farecast.com is the first and only airfare prediction website. Farecast.com helps airfare shoppers across the country save money by answering the question: should you buy now or buy later? In addition to being the first to provide airfare predictions, Farecast.com displays the lowest fares from the major airline sites and offers industry leading flexible search tools. Farecast.com was named "Best of What's New for 2006" by Popular Science, one of TIME Magazine's 50 Coolest Websites for 2006 and one of the "Best Trip Planning Tools" by Business Week readers. The company is located in Seattle, Washington, and is funded by Greylock Partners, Madrona Venture Group and WRF Capital. To get a free airfare prediction from your city or to learn more visit www.farecast.com.
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