Statement re New Contracts
October 14 2003 - 3:00AM
UK Regulatory
FOR IMMEDIATE RELEASE
14 OCTOBER 2003
ONLINE TRAVEL CORPORATION PLC
NEW CONTRACTS
Online Travel Corporation plc ("OTC"), the travel technology and distribution
group, today announces that it has secured four new contracts with an aggregate
annual gross sales value of approximately �7million.
Business Travel
In its recent trading update, OTC noted that a pipeline of potential new
contracts could be indicative of a recovery in the business travel sector. OTC
is now pleased to announce that it's business travel division, Travelstore.com,
has secured new contracts to provide travel services to web booking agency
Ekonsol, drinks distiller Chivas Brothers Limited and an expansion of its
current contract with media giant Inter Public Group Plc to include other
subsidiaries.
Leisure Travel
Following the announcement of a major contract with Thomas Cook last week, OTC
is also pleased to announce a new contract to provide technology and
fulfillment services to online travel provider, Cheaptickets.co.uk.
Mark Jones, CEO of OTC, said:
"The business travel contract wins are evidence of the strength of the
Travelstore.com online technology platform and the quality of our business
travel support services. The contract with Cheaptickets.co.uk is further
evidence of our growing status as a technology provider to the travel industry
and is one of several new travel licensing contracts in the pipeline."
For further information, please contact:
Online Travel Corporation plc
Mark Jones, Chief Executive Tel +44 (0) 20 8607 9281
Cardew Chancery
Jeanette Hamster Tel: + 44 (0)20 7930 0777
END