Online Travel Corporation PLC
16 June 2003
16th June 2003
ONLINE TRAVEL CORPORATION PLC ('OTC' or the 'Company')
ACQUISITION OF DECKCHAIR.COM AND LEISUREHUNT.COM
NOTIFICATION OF RESULTS
Acquisition
OTC, the travel technology and distribution group, announces today that it has
entered into an agreement with World Travel Holdings plc for the acquisition of
the e-travel brands www.deckchair.com and www.leisurehunt.com for an aggregate
of £150,000 in cash.
Deckchair.com was one of the first e-travel brands in the UK, launched in 1998.
It has a database of 410,000 registered users with a profile similar to OTC's
own brands, www.onlinetravel.com and www.bargainholidays.com. The redesigned
Deckchair site will combine the best attributes of OnlineTravel and
BargainHolidays and will include OTC's pioneering Build-Your-Own (BYO)
technology.
Leisurehunt.com is leading hotel website, with 192,000 registered users with a
profile that fits closely to OTC's main hotel site, www.allhotels.com.
Mark Jones, CEO of OTC, commented:
'The arrival of Deckchair.com and Leisurehunt.com is a significant boost to
OTC's portfolio, providing us with two new specialist brands and further
extending our online customer base.'
Notification of results
The Company will announce its results for the six months to 30th April 2003 on
Thursday 3rd July 2003.
For further information contact:
Online Travel Corporation Plc
Mark Jones, CEO Tel: 00 44 (0) 20 8607 9281
Cardew Chancery
Richard Fallowfield / Jeanette Hamster, Tel: 00 44 (0) 207 930 0777
This information is provided by RNS
The company news service from the London Stock Exchange
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