Timothy Armstrong Named To Priceline.com Incorporated Board of Directors

The Board of Directors of priceline.com Incorporated PCLN announced today that it has named Timothy (Tim) Armstrong, Chairman and Chief Executive Officer of AOL Inc., as priceline.com's newest Director, effective immediately. Mr. Armstrong joined AOL in 2009 from Google, where he served as President of The Americas Operations, overseeing North American and Latin American advertising sales, marketing and operations teams. He also was a member of Google's Operating Committee, the company's executive team. Prior to joining Google, Mr. Armstrong was Vice President of Sales and Strategic Partnerships for Snowball.com. Before that, he was Director of Integrated Sales and Marketing for Starwave's and Disney's ABC/ESPN Internet Ventures. "Tim Armstrong brings a broad, complementary set of skills and expertise to the Priceline Group Board," said Jeffery H. Boyd, Chairman and Chief Executive Officer of priceline.com. "His deep experience with consumer-facing Internet businesses, Web marketing and search will be highly valued as the Priceline Group continues to expand its desktop and mobile travel service offerings around the globe. I look forward to working with Tim as a member of the Priceline Board." "Priceline's leadership team and Board of Directors negotiated a difficult turnaround and emerged with a successful global online business," said Mr. Armstrong. "I am excited to join the board of a company transforming the global travel industry."