Galileo International and Travelprice.com Announce Multifaceted Agreement

Galileo Makes Equity Investment in Leading European Travel Site



Apr 25, 2001, 01:00 ET from Galileo International, Inc.

    ROSEMONT, Ill., April 25 /PRNewswire/ -- Galileo International, Inc.
 (NYSE:   GLC), a leading provider of electronic global distribution services
 (GDS) for the travel industry, and Travelprice.com, one of the leading
 European online travel sites, today announced a multifaceted technology and
 marketing agreement that substantially will broaden the companies' current
 relationship.  Today, Galileo provides Travelprice.com with access to the
 inventory of more than 500 airlines, 47,000 hotel properties and 37 car rental
 companies as well as comprehensive fare and rate data bases.
     (Photo:  http://www.newscom.com/cgi-bin/prnh/20000208/GALILEO )
     (Photo:  http://www.newscom.com/cgi-bin/prnh/20000208/NEAR )
     Under terms of the new agreement, Travelprice.com can take advantage of
 the many service offerings of Galileo including technology component
 licensing, managed hosting services, and the provisioning of advanced Internet
 protocol (IP) services through its enterprise networking subsidiary,
 Quantitude, Inc.  In addition, Travelprice.com can leverage across the
 Atlantic the many marketing and content offerings currently available through
 Galileo's subsidiary, TRIP.com.
     In return, Galileo can make available to its travel agencies worldwide
 some of Travelprice.com's unique leisure content and services via its
 innovative Web portal, Galileo e-Agent(TM), available on Viewpoint(TM),
 Galileo's premiere graphical user interface booking solution, and through its
 travel agency Internet portal, TravelGalileo.com(TM).  This arrangement should
 enable Galileo to substantially increase the range of content available to its
 travel agencies and greatly expand the marketing reach of Travelprice.com on a
 global scale. In addition to the technology and marketing agreement, Galileo
 has made a strategic, minority investment in Travelprice.com. Financial
 details of the agreement were not disclosed.
     "Galileo believes in leveraging successful, local businesses, solidifying
 our position as a global market maker with a local touch," said Galileo's Dave
 Near, senior vice president, Internet and e-Commerce.  "Travelprice.com, with
 its local language, product and service expertise, is now even better
 positioned to be successful in the European e-commerce marketplace, enhancing
 Galileo's points-of-presence strategy and share of this growing Internet
 market."
     "This investment in Travelprice.com will provide powerful long-term
 advantages for both parties and the European travel industry as a whole," said
 Roland Coutas, chief executive officer of Travelprice.com.  "With Galileo's
 superior technological system and product offerings, Travelprice.com will be
 able to better serve its customers, while at the same time we will provide
 rich travel content to Galileo's travel agencies around the world."
     Travelprice.com is a full-service Web site, which targets leisure and
 unmanaged business travel, and has a presence in six European countries
 (France, Germany, Spain, Italy, United Kingdom and Belgium) as well as Canada.
 Since its launch in 1999, Travelprice.com has become one of the most
 successful B2C online travel sites throughout Europe, with an average of one
 million site 'hits' per month.  It recently added a B2B component to its
 service offerings that accounts for 15 percent of its revenue.
 Travelprice.com reported revenues of FF230 million (US$32 million) in 2000.
     Galileo International is a diversified, global technology leader.  Its
 core business is providing electronic global distribution services for the
 travel industry through its computerized reservation systems, leading-edge
 products and innovative Internet-based solutions.  Galileo is a value-added
 distributor of travel inventory dedicated to supporting its travel agency and
 corporate customers and, through them, expanding traveler choice.  Among
 Galileo's subsidiaries are TRIP.com, an award-winning online travel service
 and technology provider; and Quantitude, which delivers advanced
 telecommunications services and enterprise networking solutions.  Galileo also
 offers secure, flexible and cost-effective managed hosting services.
 Headquartered in Rosemont, Illinois, USA, Galileo International has offices
 worldwide and operates a state-of-the-art data center in Greenwood Village,
 Colo., USA.  Visit www.galileo.com .
 
                     MAKE YOUR OPINION COUNT -  Click Here
                http://tbutton.prnewswire.com/prn/11690X33272584
 
 

SOURCE Galileo International, Inc.
    ROSEMONT, Ill., April 25 /PRNewswire/ -- Galileo International, Inc.
 (NYSE:   GLC), a leading provider of electronic global distribution services
 (GDS) for the travel industry, and Travelprice.com, one of the leading
 European online travel sites, today announced a multifaceted technology and
 marketing agreement that substantially will broaden the companies' current
 relationship.  Today, Galileo provides Travelprice.com with access to the
 inventory of more than 500 airlines, 47,000 hotel properties and 37 car rental
 companies as well as comprehensive fare and rate data bases.
     (Photo:  http://www.newscom.com/cgi-bin/prnh/20000208/GALILEO )
     (Photo:  http://www.newscom.com/cgi-bin/prnh/20000208/NEAR )
     Under terms of the new agreement, Travelprice.com can take advantage of
 the many service offerings of Galileo including technology component
 licensing, managed hosting services, and the provisioning of advanced Internet
 protocol (IP) services through its enterprise networking subsidiary,
 Quantitude, Inc.  In addition, Travelprice.com can leverage across the
 Atlantic the many marketing and content offerings currently available through
 Galileo's subsidiary, TRIP.com.
     In return, Galileo can make available to its travel agencies worldwide
 some of Travelprice.com's unique leisure content and services via its
 innovative Web portal, Galileo e-Agent(TM), available on Viewpoint(TM),
 Galileo's premiere graphical user interface booking solution, and through its
 travel agency Internet portal, TravelGalileo.com(TM).  This arrangement should
 enable Galileo to substantially increase the range of content available to its
 travel agencies and greatly expand the marketing reach of Travelprice.com on a
 global scale. In addition to the technology and marketing agreement, Galileo
 has made a strategic, minority investment in Travelprice.com. Financial
 details of the agreement were not disclosed.
     "Galileo believes in leveraging successful, local businesses, solidifying
 our position as a global market maker with a local touch," said Galileo's Dave
 Near, senior vice president, Internet and e-Commerce.  "Travelprice.com, with
 its local language, product and service expertise, is now even better
 positioned to be successful in the European e-commerce marketplace, enhancing
 Galileo's points-of-presence strategy and share of this growing Internet
 market."
     "This investment in Travelprice.com will provide powerful long-term
 advantages for both parties and the European travel industry as a whole," said
 Roland Coutas, chief executive officer of Travelprice.com.  "With Galileo's
 superior technological system and product offerings, Travelprice.com will be
 able to better serve its customers, while at the same time we will provide
 rich travel content to Galileo's travel agencies around the world."
     Travelprice.com is a full-service Web site, which targets leisure and
 unmanaged business travel, and has a presence in six European countries
 (France, Germany, Spain, Italy, United Kingdom and Belgium) as well as Canada.
 Since its launch in 1999, Travelprice.com has become one of the most
 successful B2C online travel sites throughout Europe, with an average of one
 million site 'hits' per month.  It recently added a B2B component to its
 service offerings that accounts for 15 percent of its revenue.
 Travelprice.com reported revenues of FF230 million (US$32 million) in 2000.
     Galileo International is a diversified, global technology leader.  Its
 core business is providing electronic global distribution services for the
 travel industry through its computerized reservation systems, leading-edge
 products and innovative Internet-based solutions.  Galileo is a value-added
 distributor of travel inventory dedicated to supporting its travel agency and
 corporate customers and, through them, expanding traveler choice.  Among
 Galileo's subsidiaries are TRIP.com, an award-winning online travel service
 and technology provider; and Quantitude, which delivers advanced
 telecommunications services and enterprise networking solutions.  Galileo also
 offers secure, flexible and cost-effective managed hosting services.
 Headquartered in Rosemont, Illinois, USA, Galileo International has offices
 worldwide and operates a state-of-the-art data center in Greenwood Village,
 Colo., USA.  Visit www.galileo.com .
 
                     MAKE YOUR OPINION COUNT -  Click Here
                http://tbutton.prnewswire.com/prn/11690X33272584
 
 SOURCE  Galileo International, Inc.