Peek Extends Third-Party Tender Offer to September 12

PEEK Investments LLC today issued the following statement: PEEK has received tenders for a number of shares of LookSmart, Ltd.

which, together with the shares owned by PEEK and its affiliates, represents a majority of the total shares outstanding.  Unfortunately for shareholders, LookSmart has reacted by imposing a last-minute "retroactive" poison pill.  Notwithstanding LookSmart's last-ditch act of desperation, PEEK has extended its third-party tender offer to purchase all of the outstanding shares of common stock of LookSmart for $1.00 per share in cash.  As extended, the tender offer is currently scheduled to expire at 5:00 P.M., New York City time, on September 12, 2012.  The tender offer was previously scheduled to expire at 12:00 midnight, New York City time, on August 24, 2012.