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LodgeNet Interactive to Present at the CL King Best Ideas Conference
Date:9/15/2009

SIOUX FALLS, S.D., Sept. 15 /PRNewswire-FirstCall/ -- LodgeNet Interactive Corporation (Nasdaq: LNET), the leading provider of media and connectivity solutions to hospitality and healthcare businesses, will present at the CL King Best Ideas Conference at the Omni Hotel in New York City on Thursday, September 17, 2009. CEO Scott C. Petersen will discuss the Company's overall strategy and its progress on its initiatives to proactively manage its business during the economic cycle, diversify its revenue streams and increase its free cash flow. Petersen will also comment on the operating leverage inherent in its business model as the economy begins to recover.

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"During the economic downturn over the past year, our team has done an outstanding job right-sizing our operations and capital investment plans to the economic environment," said Petersen. "Operating costs for the first six months of 2009 were down 26.8% as compared to the same period last year, and we reduced our capital investment activity by over 70% - both of which actions allowed us to increased free cash flow from $3.7 million during the first six months of last year to over $30 million this year. With the preferred stock offering we completed in June, our leverage ratio (on a net debt basis) has improved substantially from 4.2x on June 30th one year ago to 3.7x this year."

"At the same time, we have continued to focus on executing on our strategic initiatives that will increase our revenue and deliver shareholder value over the long term," stated Petersen.

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SOURCE LodgeNet Interactive Corporation
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