The Destination Group, a leading private equity firm specializing in the leisure travel industry, and CDP Sofinov, a subsidiary of the Caisse de depot et placement du Quebec, will provide financing for operations and R&D.

As part of this financing, Logibro concluded a management agreement with The Destination Group, who will provide the services of Simon Todd as CEO. The current CEO, Richard Brossoit, will become Chairman of the Board and Chief Strategy Officer, which will allow him to spend more time on the long term vision of the Company. Simon Todd, a Principal with The Destination Group, brings over 20 years of senior level executive experience in the travel industry. Simon will be assisted in his new role by Claude Guay, who has been promoted to Chief Operating Officer from his current position as Logibro's Vice President, Marketing, Sales and Business Development.

"This new round of financing, the changes we've made at the senior management level, and our increased focus on customer satisfaction, are all part of our strategy for consolidating Logibro's leadership position and strengthening the company over the long term," said Simon Todd. "A second round of financing from CDP Sofinov is a strong vote of confidence in Logibro, its position in the market, and its potential moving forward."

Richard Brossoit, who retains a significant ownership interest in the company, commented, "These are very positive developments for Logibro as a company and for myself personally. With the company's executive leadership in Simon Todd's capable hands, I will be able to devote more time to the technology and strategies that will take us to the next level."

About Logibro

Logibro's mission is to make the buying and selling of Leisure Travel intuitive, fun and easy. Logibro facilitates consumer access to vacation products through innovative technology that optimizes the production, distribution and selling of leisure travel. Through our distribution solutions, retailers and vacationers enjoy broader search and access to product and inventory and can dynamically package vacations to meet their needs. Logibro's enterprise solutions supply vacation providers with powerful tools to produce rich content, and to manage and control their business processes efficiently and cost-effectively. Founded in 1985, Logibro has offices in the United States, Canada and France. More than 100 vacation packagers in 11 countries use Logibro's solutions to send over 20 million people on vacation each year. Go to www.logibro.com for more information.

About The Destination Group

The Destination Group ("TDG") is a private equity investment firm targeting the massive "Boomer" demand transformation now underway. TDG is particularly focused on emerging opportunities in the travel and leisure sectors. TDG's investments benefit from a strategic network of 19 marketing solutions companies that provide integrated, multi-channel marketing capabilities and management consulting services. Headquartered in Los Angeles, TDG also has offices in San Francisco, Dallas, and New York housing over 20 senior professionals.