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February 02, 2005

Travel Holdings, Inc. Opens a New York City Office - Industry Veteran Ron Neuman Named President, Corporate Trade & Affiliate Services

Orlando/NY, February 2, 2005 - Travel Holdings, Inc., the only on-demand, worldwide, multi-channel travel distribution network, named industry veteran, Ron Neuman to the position of President, Corporate Trade & Affiliate Services. Mr. Neuman will be headquartered at the Company’s recently opened Madison Avenue office. In this capacity Mr. Neuman will oversee Travel Holdings' explosive expansion in distribution-trade partnerships, as well as the implementation of the Company’s growth strategy for affiliate relationships.

The new Travel Holdings, Inc. office is located at 275 Madison, Avenue, Suite 428, NYC, 10016. Mr. Neuman can be reached at 212-880-1525 or at ron@travelholdings.com. Travel Holdings, Inc. is headquartered in Orlando and has offices in Atlanta, Las Vegas, New York City, Curitiba (Brazil), Gibraltar (Europe), and Tel Aviv (Middle East).

About Ron Neuman

Prior to joining Travel Holdings, Inc., Mr. Neuman was the President of GTA/USA (Gullivers Travel Associates, North America), and before that he was the Vice President, Global Sales for Accor Hotels & Resorts.

“With nearly 20 years of experience in the hotel and tourism industry, Mr. Neuman is a well-respected and recognized industry professional,” said Uri Argov, co-founder of Travel Holdings, Inc. “Travel Holdings and its subsidiary companies, which include Tourico Holidays, LastMinuteTravel.com, and Travel Global Systems (TGS), are experiencing double digit growth and new demand everyday from both the supply and distribution sides of our business. In addition, Travel Holdings is an acquisitory company. We know that Ron’s international expertise, as well as his experience in corporate trade and affiliate services and sales, will be a tremendous asset as we continue the global expansion of our travel conglomerate,” added Argov.

Mr. Neuman’s previous experience includes the repositioning of GTA USA to become one of the leading tour operators in North America, the development and implementation of Accor’s sales strategies and sales efforts in the corporate, leisure, FIT consortia, travel agency and meeting and incentive markets. He also assisted with the opening of several Accor hotels in the U.S. including Sofitel’s flagship hotels in New York, Philadelphia, Washington DC and Chicago. Mr. Neuman was instrumental in building the Accor International Sales organization. In addition, Mr. Neuman has industry experience with Sheraton, Omni and Best Western hotels in the areas of hotel operations, food & beverage and sales. He has a Master’s degree in hotel administration from J&W University.

About Travel Holdings, Inc.

Travel Holdings, Inc. is one of the most innovative and diverse travel distribution companies in the world. Headquartered in Orlando and with technology operations in Tel Aviv, it is the parent company for Tourico Holidays, LastMinuteTravel.com, and Travel Global Systems (TGS). Travel Holdings supplies proprietary global travel inventory and technology at highly competitive pricing. Travel Holdings integrates with every segment of the travel industry including retail, wholesale, group, travel agents, corporate and affiliates.

Contact:
Brian Baynard
brian@travelholdings.com
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