Statement re Thomas Cook Contract
October 06 2003 - 3:01AM
UK Regulatory
FOR IMMEDIATE RELEASE
6 OCTOBER 2003
ONLINE TRAVEL CORPORATION PLC
AGREEMENT WITH THOMAS COOK
Online Travel Corporation plc ("OTC"), the travel technology and distribution
group, today announces that it has entered into an initial two year contract to
provide a new UK e-commerce platform for Thomas Cook, one of the world's
leading travel groups.
Thomascook.com is to be provided with a customised version of OTC's software
for flights, hotels, car hire and insurance, together with its pioneering
Build-Your-Own (BYO) self-packaging technology.
In addition, the extensive agreement also incorporates the supply by OTC of a
portfolio of financial and administrative support systems, including web-based
call centre support tools, e-ticketing, fulfillment and financial
reconciliation systems, and real-time browser-based management information
tools, allowing the operator to monitor online performance and enable instant
price and product changes to react to changing market conditions.
Mark Jones, CEO of OTC, said: "This is a landmark contract for OTC. Our
agreement with Thomas Cook underlines the quality and flexibility of our
systems and demonstrates our ability to realise our ambition of becoming a
major supplier of e-commerce solutions to the travel industry. Thomas Cook is
one of the biggest global travel brands. We look forward to helping
Thomascook.com to achieve a similar status in the online travel sector.
For further information, please contact:
Online Travel Corporation plc
Mark Jones, Managing Director (8am - Tel +44 (0) 7977 411 337
10am)
Tel +44 (0) 7887 767 735
Mark Simpkins, Finance Director (10am
onwards)
Cardew Chancery
Richard Tel: + 44 (0) 20 7930 0777
Fallowfield
Tel: + 44 (0) 20 7930 0777
Jeanette
Hamster
END