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ots Ad hoc-Service: Travel24.com AG <DE0007487506> Travel 24.com and Lufthansa Systems Plan Joint Venture

Munich (ots Ad hoc-Service) -

Ad hoc-announcement edited and sent by DGAP. The sender is solely
responsible for the contents of this announcement.
The leading German travel portal, Travel 24.com AG (Neuer Markt
SIN 748750), and Lufthansa Systems GmbH intend to found a joint
venture. Buchungsmaschine AG, until now a wholly-owned subsidiary
company of the Travel24.com group, will be brought into this joint
venture and will act as the corporate umbrella for the new company. A
memorandum of understanding, which still requires the approval of the
supervisory boards, has been signed in this regard. The parties both
have a 50% stake in the joint venture and intend to include a third
partner. The headquarters of the new company will be located in
Norderstedt near Hamburg; it will be headed by Jens Henze, until now
managing director of Buchungsmaschine AG. A total of 50 employees
will begin joint co-operation in locations in Norderstedt, Frankfurt
and Cologne.
An integrated e-business platform for B2B and B2C markets will be
offered which will revolutionise the electronic marketing of
travel-related products and services. Users are the existing and new
customers of both partners. For example, the product WebFly, a
reservations application for scheduled flights and business trips,
will expand the service portfolio for customers of the Travel24.com
group, while Buchungsmaschine AGs Internet travel applications in the
leisure travel sector represent added value for customers of
Lufthansa Systems.
This joint venture will allow Travel24.com AG to reduce both
additional development costs and development times so decisive in the
rapidly expanding e-travel market. Additional information will be
made public at the balance sheet press conference on 29 March 2001.
For further information please contact:
Travel24.com AG, Silke Siegel and Klaus Artmann, Investor
Relations, Weinstrasse 3, D-80333 München Tel.: +49 (0)89 3790950,
Fax: +49 (0)89 37909555 E-Mail:  ir@travel24.com
End of message
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