ATLANTA –June 2006 – TRX, Inc. (NASDAQ:
TRXI), a leading, independent provider of transaction
processing and data integration services to the global
travel industry, and D.V. Travels Guru Private Limited
(Travelguru), a pioneering travel solutions company
that offers travellers the opportunity to plan their
travel in a transparent, hassle-free, quick and smart
way, today announced they have established a distributor
relationship for TRX’s RESX Online Booking tool.
Travelguru is distributing the RESX self-service reservation
tool in India on a private-labeled basis. Travelguru
has already successfully implemented one corporate account
on the corporate online booking tool.
Travelguru, CEO and founder, Ashwin Damera commented,
“We believe that combination of TRX technology
and Travelguru’s supplier relationships will translate
into significant cost savings and convenience to our
corporate clients. We are offering a complete travel
management and advisory solution backed by tested technology
and great supplier deals. This tie up with TRX will
make Travelguru the first such travel solutions company
to be able to address the needs of the corporate traveler
effectively and consolidate that end of the market,
too.”
Per terms of the agreement, TRX also will provide consulting
and advisory services to assist Travelguru with the
implementation of TRX’s CORREX automated processing
and DATATRAX data integration technologies on a non-exclusive
basis in Asia.
TRX Executive Vice President, Sales & Client Services,
Shane Hammond commented, “We are aggressively
pursuing global expansion and growth opportunities in
India and throughout Asia. Our RESX distribution relationship
with Travelguru is very exciting – we believe
it is the first of many successes to come with this
strategic partner.”
TRX announced an alliance agreement with China-based
Oriel earlier this year to co-develop a transaction
processing and payment solution in China. TRX also announced
a business development relationship with Tata’s
India-based SWS to offer a joint travel processing and
customer care offering to the global travel marketplace.
“According many estimates, India’s travel
industry alone is expected to grow to a $32 billion
market by 2008. TRX has been operational in Bangalore
for almost two years – we intend to continue to
expand on our base of operations there and work with
a variety of Asian firms to bridge global opportunities
in the travel market place,” said Hammond.
About TRX, Inc.
TRX (NASDAQ: TRXI) is a leading, independent provider
of transaction processing and data integration services
to the global travel industry. TRX provides five hosted
technology and service offerings: RESX (Online Booking),
SELEX (Agent Technology), CORREX (Automated Processing),
TRANXACT (Settlement & Exceptions), and DATATRAX
(Data Integration). TRX provides each of these solutions
individually or as a comprehensive, integrated end-to-end
processing suite for travel agencies, travel suppliers,
large corporations, credit card issuers, and expense
management companies. TRX is headquartered in Atlanta,
Georgia with operations and associates in North America,
Europe, and Asia.
About Travelguru
Travelguru is a pioneering travel solutions company that
offers travelers the opportunity to plan and purchase
their travel instantly, be it hotels or flights in a transparent,
hassle-free, quick and smart way. Strategic partnerships
and alliances with travel industry leaders give Travelguru
the edge as an aggregator of travel services. Backed by
next generation, real-time, metasearch technology, Travelguru
throws up a wider range of travel options for domestic
and outbound international travelers. Promoted by two
Harvard Business School alumni with significant travel,
technology and corporate experience and a team of experienced
professionals from industries such as hospitality, travel
& trade, financial services and E-commerce, Travelguru
is set to redefine the way India travels. Travelguru can
be found on the World Wide Web at www.Travelguru.com or
can be reached by calling the company’s toll free
customer support center,
+91 - 22 - 4275 4878 (standard charges apply). |