SOUTHLAKE, Texas–(BUSINESS WIRE)–Jan. 19, 2005–Nexion Inc., the travel industry’s leading full-service host agency, today announced it has acquired the assets of Southwest Travel Systems (SWTS), also known to many in the industry as MyHostAgency.com. Nexion’s acquisition of the SWTS assets will provide an enhanced host agency support system for the 60 SWTS members who will transition to Nexion membership over the coming months.
“This acquisition cements Nexion’s industry leadership position as the largest host agency with the most complete services in the country,” said Mike Baldwin, general manager of Nexion. “It strengthens the offerings and value for Nexion members, suppliers and employees. And Southwest Travel Systems agencies gain multiple benefits, including access to all four global distribution systems (GDS), unique marketing programs, advanced booking tools, preferred suppliers, solid backing from Sabre Holdings, and full-service operational support.”
Southwest Travel Systems, headquartered in Phoenix, has provided a travel technology program designed specifically for independent travel agents, at-home agents and traditional offline agencies throughout the U.S. since 1992. Southwest Travel Systems becomes a business operation within Nexion and will continue to support SWTS membership as it does today while the business is integrated into Nexion, anticipated by the end of the first quarter of 2005. The addition of SWTS members strengthens Nexion’s position as the largest full-service host agency in the U.S.
About Nexion
Nexion, a Sabre Travel Network brand, is the industry’s leading full-service, host agency that offers independent and home-based travel agents a comprehensive business solution, including all the tools and services available to full-service travel agencies. With nearly a decade of industry experience, the Nexion solution provides unique economic, operational, marketing and technology benefits. More information is available at www.nexion.com.
About Sabre Travel Network
Sabre Travel Network, a Sabre Holdings company, provides access to the world’s leading global distribution system (GDS) enabling agents at more than 50,000 agency locations worldwide to be travel experts. The Sabre GDS, the first system to connect the buyers and sellers of travel, today includes more than 400 airlines, approximately 60,000 hotels, 37 car rental companies, nine cruise lines, 35 railroads and 220 tour operators. Key brands of Sabre Travel Network include GetThere, the leading Web-based corporate travel reservation technology, and Jurni Network, the unique leisure travel agency consortium that enables members to sell more products from preferred travel suppliers using sophisticated market intelligence.
Sabre Holdings Corporation (NYSE:TSG) is a world leader in travel commerce, retailing travel products and providing distribution and technology solutions for the travel industry. More information about Sabre Holdings is available at http://www.sabre-holdings.com.
Nexion, Sabre Travel Network, Jurni Network and GetThere are trademarks and/or service marks of an affiliate of Sabre Holdings Corporation. All other trademarks, service marks, and trade names are the property of their respective owners.
Statements in this release which are not purely historical facts or which necessarily depend upon future events, including statements about the expected benefits to Sabre Holdings Corporation from the proposed transaction, or other statements about anticipations, beliefs, expectations, hopes, intentions or strategies for the future, may be forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended. Readers are cautioned not to place undue reliance on forward-looking statements. All forward-looking statements are based upon information available to Sabre Holdings Corporation on the date this report was submitted. Sabre Holdings Corporation undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. Any forward-looking statements involve risks and uncertainties that could cause actual events or results to differ materially from the events or results described in the forward-looking statements, including structural changes within the travel industry, such as increased competition from merchant model hotel offerings by our competitors. Sabre Holdings Corporation may not succeed in addressing these and other risks. Further information regarding factors that could affect our financial and other results can be found in the risk factors section of Sabre Holdings Corporation’s most recent filing on Form 10-Q with the Securities and Exchange Commission.
CONTACT: Sabre Holdings Corporation, Southlake
Media Contact
Nanci Williams, 682-605-2271
nanci.williams@sabre-holdings.com
SOURCE: Sabre Holdings Corporation
