TQ3 Expands Within the UK

21 October 2002, London - TQ3 Travel Solutions EMEA Ltd, a leading global travel management company, is pleased to announce it has agreed to purchase London-based Phoenix Travel.

21 October 2002, London - TQ3 Travel Solutions EMEA Ltd, a leading global travel management company, is pleased to announce it has agreed to purchase London-based Phoenix Travel. The move will greatly increase TQ3s UK business activities and will help to maximise our capabilities in this market while capitalising on existing business relationships with mutual multinational clients.

TQ3 is committed to expansion and growth in the business travel industry and the investment in Phoenix Travel brings us closer to achieving this objective. Phoenix is a leading Travel Management Company in the United Kingdom with over 200 staff, 16 offices throughout the country and an annual turnover in excess of €250m.

TQ3 Travel Solutions, with global headquarters in Bremen, Germany, is the quality provider of innovative end-to-end travel expense management solutions worldwide. Operating in over 60 countries with system-wide revenues in excess of $9 billion, TQ3 Travel Solutions employs more than 12,000 staff in 1,600 locations. TQ3 has reinvigorated the global business travel market through its progressive approach to Strategy, Innovation and Performance.

###

For further information, please contact:

Melanie Garrett, Director of Marketing EMEA
+44 (0) 1279 636310
+44 (0) 7736 105257
melanie.garrett@tq3.uk.com