Travel24.com AG

ots Ad hoc-Service: Travel24.com AG Travel24.com takes over Aeroworld and raises turnover target for the current year

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    München (ots Ad hoc-Service) -      

      - The Munich-based company Travel24.com (New
Market: TVD), one of the leading German Internet travel portals,
takes over 100% of the travel company AEROWORLD Fernreisen GmbH with
retroactive effect as of 1/1/2000. 51 percent of the Hamburg travel
provider belonged to date to DERPART GmbH and 49 percent to the
managing partner Georg Hammer. The parties agreed to maintain secrecy
on the purchase price which is being paid in stocks as well as in
cash.

    Synergy effects with far-reaching consequences on the planned turnover and profits will result for Travel24.com from this step. The company has therefore raised its turnover target for the mediated travel turnover in the current business year to over 250 DMm. Additionally Travel24.com expects major economies in the sectors purchase, distribution and fulfilment, a reduction of the expected loss in the current business year and reaching break-even earlier than previously expected.

    AEROWORLD ranks among the leading consolidators, fulfilment companies and tour operators in Germany. For 2000 AEROWORLD expects about one third of sales being realised by selling travels and flights via Internet. The Hamburg-based tour operator has achieved considerably positive result for years. At present AEROWORLD has roughly 100 employees on the payroll at the company offices in Hamburg and at the two outlets Düsseldorf and Frankfurt. AEROWORLD's previous managing partner, Georg Hammer, will become a member of the executive board of Travel24.com AG and will be responsible for operations and applications. AEROWORLD itself will keep its independence and its business units, especially as business partner for business-to-business subjects.

    With the take-over Travel24.com, one of Germany's leading Internet portals, is continuing the European expansion strategy announced during the process of going public in March 2000 and is drastically reinforcing its own product offer above all via Internet.

    Contact:

    Michael Marzheuser     Press and Public Relations Manager     Investor Relations     Travel24.com AG     Altheimer Eck 2     80331 Munich     Phone ++ 49 89 / 306 382-23     Fax    ++ 49 89 / 306 382-55     e-mail: michael.maerzheuser@travel24.com     Internet: www.travel24.com

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Original-Content von: Travel24.com AG, übermittelt durch news aktuell

Weitere Meldungen: Travel24.com AG

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