BREAKING NEWS
FOR IMMEDIATE RELEASE:
For
more information, contact:
Michael
Brophy
Manager - Media Relations
(214) 346-4624
[email protected]
TRX
JUMPS TO #122 IN ANNUAL INC 500 PUBLICATION TRANSACTION PROCESSING
COMPANY AT FOREFRONT OF TRAVEL INDUSTRY RECOVERY
ATLANTA
- October 15, 2001 - TRX, Inc. is among the top 25 percent
of America's fastest growing private companies, according to the
annual list published by Inc magazine. The company leaped more
than one hundred slots, improving to #122 in the prestigious Inc
500 ranking.
"Our employees
earned this honor by providing superior service to our travel
industry clients," said Trip Davis, TRX President and CEO. The
transaction processing company is playing a leading role in the
industry's recovery by offering clients an unmatched combination
of expertise, scale, service, and technology. "As travel companies
examine business models to regain profitability, TRX is uniquely
positioned to offer proven applications that drive efficiencies
and cost savings," said Davis. "We are committed to expediting
the recovery effort though increased client usage of our automated
processing tools and innovative technologies." TRX provides transaction
processing solutions for travel agencies (online and offline),
airlines, corporations, and distribution systems in corporate
and leisure markets. The company projects that its automated transaction
volumes will increase by 50% in 2001 to an estimated 21 million,
representing more than $11 billion in airline sales. TRX processes
and delivers one of every four tickets purchased via the Internet.
More than 70 percent of the top travel providers in the world
use TRX travel processing and data solutions. A sampling of major
clients includes: American Express, Continental Airlines, Delta
Air Lines, Expedia.comâ, Galileo, McCord, Opodo, Qantas Airways,
Rosenbluth International, Sabre, TQ3 Maritz, US Airways, Worldspan,
and WorldTravel BTI. For more information, visit the TRX web site
at www.trx.com.
BCD Holdings
is the parent company of TRX, Inc. A Dutch, family-owned company,
BCD focuses on the travel and financial services industries. The
holding company is established on Curacao, Netherlands Antilles
with operating companies in nine countries in North America and
Europe. Founded in 1975, BCD presently employs more than 8,500
employees. Global sales were $4.3 billion in 2000.