PlanetOut Inc. Announces Decision to Postpone IPO

Aug 11, 2004, 01:00 ET from PlanetOut Inc.

    SAN FRANCISCO, Aug. 11 /PRNewswire/ -- PlanetOut Inc. announced today
 that, based on recent adverse market conditions, it has chosen to postpone its
 planned initial public offering until a later date.  PlanetOut's registration
 statement on Form S-1, as filed with the Securities and Exchange Commission,
 has not been withdrawn and the company expects to continue to evaluate the
 timing for the offering.
     Commenting for the company, Lowell Selvin, chairman and chief executive
 officer, stated, "Given the current difficult market for initial offerings, we
 feel the appropriate value of the company would not be realized through an IPO
 at this time."
     A registration statement relating to this offering was filed with the
 Securities and Exchange Commission, but has not yet become effective. The
 securities may not be sold nor may offers to buy be accepted prior to the time
 the registration statement becomes effective. This press release shall not
 constitute an offer to sell or the solicitation of an offer to buy, nor shall
 there be any sale of these securities in any state or jurisdiction in which
 such offer, solicitation or sale would be unlawful prior to registration or
 qualification under the securities laws of any such state or jurisdiction.
     About PlanetOut Inc.
     PlanetOut Inc. is a global online media company offering consumer
 services, news and entertainment to the lesbian, gay, bisexual and transgender
 (LGBT) community.  The company believes its flagship websites, and, constitute the most extensive network of gay and lesbian people
 in the world.

SOURCE PlanetOut Inc.