Orbitz for Business Receives Prestigious Chicago Innovation Award
05 Ottobre 2004 - 5:00PM
PR Newswire (US)
Orbitz for Business Receives Prestigious Chicago Innovation Award
Recognized for Its Innovative Approach to Reducing Companies'
Corporate Travel Costs CHICAGO, Oct. 5 /PRNewswire/ -- Orbitz for
Business has received the Chicago Innovation Award for its
leadership in launching the industry's first online travel
management company, it was announced today by the Chicago
Sun-Times. The award will be presented October 7 at the annual
awards ceremony held at the Illinois Institute of Technology.
Chosen from a field of more than 100 Chicago companies, Orbitz for
Business was honored for an innovative business model that helps
companies save money and better serve the needs of business
travelers. The Chicago Innovation Awards were established by the
Chicago Sun-Times and Kuczmarski & Associates, a leading
management consulting firm. The awards recognize the most
significant innovations developed by Chicago-area companies that
have introduced products and services that uniquely fill unmet
needs, generate a competitive response in the marketplace, exceed
market expectations and achieve financial success. "In just two
years, Orbitz for Business has fundamentally changed the corporate
travel landscape and demonstrated that innovation drives their
success," said Dan Miller, business editor of the Chicago Sun-Times
and co- founder of the Chicago Innovation Awards. "Innovation is at
the core of our business," said Steve Tracas, president of Orbitz
for Business. "By combining the user-friendly features of our well-
known Orbitz consumer brand with an array of smart features aimed
at the special needs of business travelers, Orbitz for Business
offers companies a more cost-effective way to manage travel."
"We're proud to have led the industry in launching a simple pricing
model that helps companies reduce travel budgets by up to 20
percent while providing a full complement of services from policy
management to data reporting to 24/7 customer care," said David
Cerino, general manager of Orbitz for Business. "Orbitz' technology
enables us to provide an unparalleled level of service through
unique features such as our proactive Care Alerts that keep
business travelers abreast of itinerary changes when they're on the
road." Orbitz for Business' growing list of 1,200 customers
includes McDonald's, Ace Hardware, Knight-Ridder, Dresser and
Sybase. For more information about Orbitz for Business visit
http://www.orbitz.com/business . About Orbitz Orbitz (NASDAQ:ORBZ)
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 http://www.orbitz.com/ , consumers can
search more than 455 airlines, as well as rates at tens of
thousands of lodging properties worldwide and at 22 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 http://www.orbitz.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, that result 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.
DATASOURCE: Orbitz CONTACT: Jeanenne Diefendorf for Orbitz,
+1-312-894-4986, Web site: http://www.orbitz.com/business
http://www.orbitz.com/
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