TVZ.L Regulatory News (TVZ)

22 Jun 2007 14:31

Travelzest plc22 June 2007 22 June 2007 Travelzest plc Issue of equity Travelzest plc ("Travelzest" or the "Company"), the British online travel groupoffering specialist travel programmes, announces that pursuant to the terms ofthe acquisition of The Montpelier Collection Limited, the holding company ofFair's Fare Limited, deferred consideration of 705,490 ordinary shares of 2pence each in the Company ("Ordinary Shares") has become payable to the vendorsas a result of Fair's Fare achieving it's profit target for 2006. Application has been made for the Ordinary Shares, which will rank pari passuwith all existing ordinary shares, to be admitted to trading on AIM. Admissionis expected to occur on 28 June 2007. Travelzest plc 01442 874322Christopher Mottersheadwww.travelzestplc.com Redleaf Communications 020 7822 0200Emma Kane / Duncan McCormick / Samantha Robbins Background information on Travelzest Travelzest is a British on-line travel group with high quality brands offeringspecialist holiday programmes and services. Chris Mottershead, 48, the Group Chief Executive who founded the Travelzestconcept in April 2005, has extensive experience in the travel industry and inworking for both large and small organisations. He was managing director of TUIUK between 2001 and 2004 with responsibility for Thomson Holidays, Lunn Poly,Travelhouse and other travel businesses based in the UK. During that time, hesteered the company through one of the most difficult periods for travel andstill achieved record profits. Prior to this, he was President and CEO, NorthAmerican Leisure Group, Airtours plc, which he joined in 1993 and where hisroles included managing director and finance director. He joined Airtours fromAspro Travel & Inter European Airways where he was Group Finance Director. The Group currently comprises: itravel2000.com itravel2000.com was founded in 1994 and is an online travel agent specialisingin the sale of travel and travel related products. Sales are made throughvarious internet web sites and a customer call centre located in Mississauga,Ontario. The greater proportion of itravel2000.com's business is winter-based,thus providing counter-seasonal revenue to the predominantly summer-basedrevenues of Travelzest's businesses in Europe. Holiday Express Holiday Express is one of the UK's leading on-line travel businesses. Itspecialises in both on-line travel fulfilment services and online travel sales.Holiday Express' retail business (acting as travel agent), provides packageholidays, charter flights and ski booking services, accounts for the vastmajority of its revenue and the remainder of its revenue is generated throughacting as a tour operator. Holiday Express owns a number of travel websitedomain names, including: - www.holiday.co.uk - www.flight.co.uk Fair's Fare Fair's Fare was established in 1995 and is the UK's leading firm of airfareanalysts, offering a unique travel planning service to both private and businessclients. The company seeks out the very best financial options, on all majorairlines, but primarily for long-haul travellers in the first and business classcabins of the world's leading airlines. VFB Holidays VFB Holidays is a long established, award winning tour operator, which providedholidays for approximately 24,000 passengers in its last financial year. VFB iscurrently contracted with the owners of approximately 350 holiday cottagesthroughout France for the summer season, and has booking arrangements with over150 hotels, most of which are privately owned and are located in rural orsemi-rural locations. VFB specialises in cottage holidays in France, but alsohas a number of other holiday programmes including: France a la Carte (hotelaccommodation), Corsica, Short Breaks, Escorted Tours and River Cruises. Best of Morocco Best of Morocco is a tour operator specialising in high quality, tailor-madeholidays to Morocco for individuals or small groups. It provides a personalisedservice and its highly experienced and knowledgeable staff help each customerselect the hotels / resorts from their large range which are appropriate for thecustomer's desired style of holiday. Best of Morocco is the premier agent forthe Marathon des Sables, a foot race that takes place in Morocco in April eachyear, covering some 230km. Best of Morocco provides the largest contingent ofrunners for the race each year. Peng Travel Peng Travel was formed in 1971 to arrange naturist holidays for the UK market.Since then, it has grown to become Britain's biggest naturist tour operator. Ithas unrivalled experience of naturist areas worldwide and has selected only thebest. The range of naturist holidays offered is unmatched by any other Britishtour operator. Faraway Holidays Faraway Holidays was launched by Travelzest in August 2006. It offerstailor-made holidays to many of the world's top exotic destinations in the FarEast, Middle East, Indian Ocean, South Pacific and South America. Everydestination offered by Faraway Holidays will have been visited by at least onemember of the sales team, ensuring that customers receive informed andknowledgeable advice when planning their holiday. Tapestry Collection Travelzest acquired the assets of Tapestry Holidays and has launched arevitalised brand consisting of the very best of the Tapestry range. TheTapestry Collection will initially showcase the very best of Turkey and Cretefeaturing many of the most popular hotels, apartments and villas, together withsome exciting new properties. The Wow House Company Wow House Limited, trading as The Wow House Company, is a specialist UKaccommodation provider offering an exclusive portfolio of large, prestigioushouses to rent for short breaks in the UK. The company also offers acomprehensive event planning service. This information is provided by RNS The company news service from the London Stock Exchange