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ots Ad hoc-Service: Travel24.com AG <DE0007487506> Travel24.com takes over Aeroworld and raises turnover target for the current year

München (ots Ad hoc-Service) -

The sender is solely responsible for the contents of this
announcement.
- 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

End
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Original content of: Travel24.com AG, transmitted by news aktuell

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