Orbitz For Business' Low Cost, High Service Brings in High-Profile Clients
Chicago, IL - August 2, 2004 - Orbitz for Business™, a leading online corporate travel management program, today announced that Ace Hardware, the largest retailer-owned cooperative in the hardware industry, selected the low cost, high service program as its travel provider. Orbitz for Business offers the most powerful, integrated technology built for the Internet that provides corporate clients with superior service at a lower cost.
Ace Hardware, with more than 1,100 corporate travelers, chose Orbitz for its cost savings, ease-of-use, comprehensive customer support, and familiarity among an employee base that already knows the brand.
"We were looking for a comprehensive travel solution that could offer us not only cost savings, but flexibility as well as 24/7 accessibility. We selected Orbitz for Business based on these criteria," said Ron Gregg, National Convention, Meetings, & Travel Manager for Ace Hardware Corporation. "We also chose Orbitz for Business because of the familiarity of the web-based product by our employees, which has helped in its integration into our business environment."
"Orbitz is clearly demonstrating success in fulfilling the needs of companies of all sizes. Leading companies in industries across the board are finding that they can reduce their travel costs and receive superior customer service with Orbitz for Business," said Steve Tracas, president of Orbitz for Business. "Securing a well-known national brand such as Ace Hardware proves that more industry leaders are acting strategically in managing their corporate travel programs and choosing Orbitz for Business because its unique technology delivers unmatched results."
Oak Brook, Ill.-based Ace Hardware joins a distinguished roster of Orbitz for Business clients such as McDonald's and Knight Ridder.
For additional information on Orbitz for Business, visit www.orbitz.com/business.
Orbitz is a leading online travel company that enables travelers to search for and purchase a broad array of travel products, including airline tickets, lodging, rental cars, cruises and vacation packages. Since launching its website to the general public in June 2001, Orbitz has become the third largest online travel site based on gross travel bookings. On www.orbitz.com, consumers can search more than 455 airlines, as well as rates at over 65,000 lodging properties and at 23 car rental companies. Orbitz, Inc. became a publicly traded company on Dec. 17, 2003, when its shares were listed on the Nasdaq National Market under the ticker symbol ORBZ. For more information on the company, visit www.orbitz.com.
About Ace Hardware
Ace Hardware Corp. is the largest retailer-owned cooperative in the industry and celebrates its 80th anniversary in 2004. Ace's 4,800 independently owned hardware, home center and lumber and building materials retailers generate retail sales in excess of $13 billion. Headquartered in Oak Brook, Ill., Ace currently operates 15 distribution centers the United States and has stores located in all 50 states and 70 countries. More information on Ace can be found at www.acehardware.com.
Statements in this press release regarding Orbitz that are not historical facts are forward-looking statements and are subject to risks, assumptions and uncertainties that could cause such statements to differ materially from actual future events or results. Any such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. The following factors, among others, could cause Orbitz' actual results to differ materially from those described in a forward-looking statement: Orbitz' ability to retain and attract customers on a cost-effective basis; increasing competition from existing or new competitors; relationships with Orbitz' controlling stockholders and with other travel suppliers; limitations that could affect the expansion of our Supplier Link business; risks relating to our ability to expand our business generally; specific risks that could affect our ability to achieve growth plans for portions of our business, such as hotels; rapid technological change affecting our industry; technical and operational issues, such as journey control restrictions, thatresult from changes in travel suppliers' distribution methodologies that could affect our results; risks associated with litigation or government regulation; declines, disruptions or events affecting the travel industry; potential fluctuations in our quarterly and annual results. This list is intended to identify only certain of the principal factors that could cause actual results to differ. Readers are referred to the reports and documents filed from time to time by Orbitz with the Securities and Exchange Commission for a discussion of these and other important risk factors. Readers are cautioned not to place undue reliance on forward-looking statements, which are made as of the date of this press release. Orbitz undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or any other reason.