Escapia Exceeds Funding Goal; Raises $1.6 Million to Expand Vacation Rental Software Platform and Online Distribution

SEATTLE, WA, Jun 24 (MARKET WIRE) --
Escapia (www.escapia.com), the leading provider of web-based management
and marketing solutions for vacation rental managers, today announced the
completion of a $1.6 million round of funding. The new funding allows the
company to extend its leadership in web hosted software for vacation
rental managers and to capitalize on the breakneck growth in its consumer
bookings business. The round, which exceeded the company's goals for the
amount of new capital raised, is being led by existing investors
including Steven D. Murch, Buerk Dale Victor, and Atlas Accelerator.

Escapia's web-based vacation rental software platform simplifies how
professional vacation rental managers market and manage their vacation
homes. Escapia streamlines reservations, accounting and property
management, enables online reservations, provides fully integrated
distribution reaching tens of millions of online travelers each month,
delivers agencies world-class website solutions, enhances security and
provides unparalleled flexibility in running vacation rental businesses.
Today Escapia powers the back office and websites for hundreds of vacation
rental agencies, providing them with online availability, booking and
direct integration with their reservation desks. The Escapia web-hosted
software platform has powered over half a billion dollars worth of
vacation rental bookings.

The new funding allows the company to build on an impressive track record
of growth. Over the past year Escapia has dramatically expanded its
consumer business, added to its client base, and expanded its suite of
services. Consumer bookings driven by the Escapia platform to vacation
rental managers has increased by over 400% compared to a year ago. The
number of vacation rental agencies using the leading Escapia web-hosted
vacation rental software platform has increased by 25%, even in the midst
of a sharp recession. And the company has released innovative technology
including the first integrated yield management system available to
vacation rental managers.

The company's CEO Bill Furlong said, "We're thrilled to have closed
additional funding to accelerate development of our software platform and
expand the breadth and sophistication of our online distribution. Our
investors see the opportunity to dramatically improve the ability of
vacation rental managers to serve travelers looking online for vacation
homes. We're focused on expanding what is already the most advanced
property management and online distribution capability available to
vacation rental managers."

About Escapia

Escapia, Inc., founded in 2000, is leading the Internet revolution in the
$24 billion vacation rental industry with a comprehensive Internet
business platform and a breakthrough consumer booking service. Escapia
empowers professional vacation rental management companies to reach new
customers, manage properties and owner relationships, and perform
trust-based accounting, housekeeping, maintenance and other mission
critical aspects of their businesses. EscapiaONE is a comprehensive
platform for vacation rental companies embracing the Internet future of
the industry. EscapiaNET is the leading online distribution network for
professional vacation rental managers. And ClearStay.com is the premier
online vacation rental site helping consumers book lodging with vacation
rental managers. Seattle-based Escapia can be reached at 1-800-ESCAPIA,
info@escapia.com or via the web at www.escapia.com. Visit the Escapia
blog at www.escapiablog.com

Escapia, EscapiaONE, EscapiaNET, ClearStay.com, the Escapia logo and the
ClearStay.com logo are trademarks of Escapia, Inc.

All other trademarks are the property of their respective owners.

www.escapia.com

www.clearstay.com

For more information:
Kristine Lande
Escapia, Inc.
Ph. 206-832-0241
e-mail: Email Contact

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