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October 17, 2006

Travel Holdings, Inc. names Ron Neuman Chief Marketing Officer

Orlando, October 17, 2006 - Ron Neuman has been named Chief Marketing Officer for Travel Holdings, Inc., the worldwide travel distribution company providing domestic online travel and wholesale tourism serving global markets.

Neuman will manage global sales and marketing efforts for Tourico Holidays, the company's worldwide merchant hospitality network, Travelegent, the North American Travel Agency network, LastMinuteTravel.com, and the company's newest online venture, LastMinuteCruises.com. Prior to his appointment as CMO, Neuman served as the President of Corporate Trade and Affiliate Services for Travel Holdings where he oversaw the rapid expansion in distribution trade partnerships as well as the implementation of the company's growth strategy for affiliate relationships.

"Under Ron's management, we've experienced incomparable growth with the addition of sales managers in more than 20 markets around the world," said Uri Argov, president of Tourico Holidays. "Ron Neuman is a recognized industry professional with incredible vision for Travel Holdings."

Neuman joined Travel Holdings in 2004 bringing with him more than 20 years of experience in the hotel and tourism industry. Neuman's experience includes the repositioning of Gulliver's Travel Associates (GTA) as its President to become one of the leading tour operators of North America. Prior, he served as Vice President Global Sales where he developed and implemented Accor's sales strategies in the corporate, leisure, FIT, consortia, travel agency and meeting and incentive markets while assisting in several openings of Accor's Sofitel hotels in New York, Philadelphia, DC, and Chicago. In addition, Neuman also worked with other well-known brands such as Sheraton, Omni and Best Western. He holds a Master's degree in Hotel Administration from J & W University.

About Travel Holdings

Travel Holdings, Inc (www.travelholdings.com) is among the largest and fastest growing privately held distributors and aggregators of world class travel content serving the global travel market, with contracting and sales operations in North America, South America, Middle East, Europe and Asia. In addition, Travel Holdings, Inc. operates its own travel technology company, Travel Global Systems (TGS), headquartered in Tel Aviv. Travel Holdings, Inc. serves the B2B, B2C, Group, Affiliate and Corporate Travel sectors providing content, web-based solutions, back office systems and marketing technology.


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