Exhibit 99.1

FOR IMMEDIATE RELEASE

ADVANSTAR REPORTS FIRST QUARTER 2006 RESULTS

New York, NY — May 3, 2006 - Advanstar Communications Inc. (“Advanstar”), a leading worldwide media company providing integrated marketing solutions for the Fashion & Licensing, Life Sciences, and Powersports industries, today reported operating results for the quarter ended March 31, 2006.

First Quarter 2006 Overview

Advanstar’s results for the first quarter of 2006 include the effects of our new strategy, operating structure, and the launch of several growth initiatives.

Joe Loggia, President and CEO of Advanstar said, “Our performance in the first quarter was outstanding and demonstrates the success of our strategy focusing on industry sectors where we can leverage our leading market positions, in depth customer relationships and experienced teams. New growth initiatives and our commitment to diversifying revenue streams contributed to our 18% top line growth. In addition,   our improved operating efficiencies across the Company helped drive our 41% improvement in operating income for the quarter. We remain focused on the key elements of our business strategy and are well positioned for continued growth.”

The following table summarizes Advanstar’s performance for the quarters ended March 31, 2006 and 2005:

(in thousands of dollars)

 

Quarter Ended

 

 

 

 

 

March 31,

 

%

 

 

 

2006

 

2005

 

Change

 

 

 

 

 

 

 

 

 

Revenue

 

$

106,578

 

$

90,570

 

18

%

Operating income

 

30,599

 

21,668

 

41

%

Net income

 

15,076

 

6,145

 

145

%

Operating cash flow

 

13,841

 

4,044

 

242

%

EBITDA (1)

 

39,261

 

31,626

 

24

%

 


The following information was filed by Advanstar Communications Inc on Thursday, May 4, 2006 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-Q Quarterly Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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