Exhibit 99.1

FOR IMMEDIATE RELEASE

ADVANSTAR REPORTS SECOND QUARTER 2006 RESULTS

New York, NY — August 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 second quarter ended June 30, 2006.

Second Quarter and First Half 2006 Overview

Advanstar’s results for the second quarter and first half of 2006 reflect the positive impact of the strategies, operating structure, and growth initiatives we implemented in the last year.

Joe Loggia, President and CEO of Advanstar said, “We are continuing to build on our outstanding start to 2006 and have maintained our positive momentum through the second quarter.  Launching new products and enhancing the customer experience, combined with continuous improvement in our operating efficiencies, drove our 13% revenue growth and 28% EBITDA increase for the first half of the year. 

The following table summarizes Advanstar’s performance for the second quarter and first half ended June 30, 2006 and 2005:

 

 

Quarter Ended

 

Six Months Ended

 

 

 

June 30,

 

June 30,

 

(in thousands of dollars)

 

2006

 

2005

 

% Change

 

2006

 

2005

 

% Change

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Revenue

 

$

59,238

 

$

55,990

 

6

%

$

165,816

 

$

146,562

 

13

%

Operating (loss) income

 

(843

)

(3,285

)

74

%

29,756

 

18,385

 

62

%

Net (loss) income

 

(16,835

)

15,509

 

-209

%

(1,759

)

21,654

 

-108

%

Operating cash flow

 

2,377

 

(17,667

)

113

%

16,218

 

(13,623

)

219

%

EBITDA (1)

 

9,187

 

6,234

 

47

%

48,448

 

37,862

 

28

%


The following information was filed by Advanstar Communications Inc on Thursday, August 3, 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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