PARSIPPANY, N.J., Oct. 8 /PRNewswire/ -- Galileo International and
eZforex.com, the U.S.'s leading online foreign exchange company, today
announced that eZforex.com has joined the Galileo Business Builders(SM)
program ( http://www.galileo.com/businessbuilders ). Business Builders helps travel
agencies succeed in today's economy by providing them with unique revenue
opportunities outside of their traditional travel products. U.S. Galileo-
connected travel agencies now have the ability to buy foreign currency
wholesale and sell it retail to travelers. Travel agency customers can simply
and efficiently buy and sell foreign currency online and from their desktops
while earning 60 percent of the profits on each initial currency sale.
Galileo is the only global distribution services (GDS) company to offer this
program.
"We've worked with more than 1,000 agencies over the last 10 years, and
we've seen how selling foreign currency can help them differentiate their
service to the client and make additional money at the same time," said Evan
Shelan, president and CEO of eZforex.com, Inc. "One of our Galileo-connected
agency customers with travel sales of $25 million sold over $500,000 in
foreign currency just this year and earned $65,000 in profits. The secret is
getting all frontline sales agents onboard with the program."
The agreement offers Galileo-connected travel agencies the opportunity to
generate incremental revenue and provide savings, added value and convenience
for the traveler. eZforex currency transactions are booked via the Galileo
e-Agent(TM) portal, which allows Web-based content to be immediately accessed
and booked from the Galileo desktop, without logging on each time. The
Galileo e-Agent portal also provides Galileo-connected agents an integrated
confirmation of the eZforex transaction for their clients in the PNR.
Galileo travel agencies accessing eZforex.com through Galileo e-Agent will
receive 60 percent of the profit of each initial currency sale --
substantially more than agencies accessing eZforex.com through other channels
-- without any upfront fees or minimum number of transactions. In addition to
the initial sell transaction, agencies can earn revenue through buy-back and
resell transactions, at fees or commissions set by their own agency
management.
The program is available immediately in the U.S. and is part of Galileo's
Business Builders strategic initiative that provides Galileo-connected
agencies exclusive ways to make and save money and better succeed in today's
challenging industry environment. Galileo anticipates offering the eZforex
program to its travel agency customers worldwide in 2003.
"We're bringing the content that adds real bottom line value to our
agencies and helps them gain new customers," said Mitch Gross, Galileo's
executive vice president and general manager of the Americas. "We know this
unique and exclusive revenue opportunity can give our Galileo subscribers yet
another competitive advantage."
eZforex is providing free training to help travel agencies learn how they
can maximize revenue from its patent-pending currency exchange program. In
addition to the foreign currency sales functionality, eZforex.com helps travel
agencies sell currency through its Automated Intelligent Marketing program,
A.I.M(TM), at no charge. AIM automatically e-mails the traveler on behalf of
the booking agent three weeks prior to the traveler's departure date with a
personalized note advising the traveler of the value and benefits of
purchasing currency prior to travel. Upon completion of the trip, the AIM
service also sends an e-mail offering to buy back unused currency.
Flite II Travel, is another Galileo-connected travel agency that is
excited about the affect that eZforex will have on its bottom line. "We
started using eZforex after just one day of training last January, and have
already completed more than 285 transactions," said Gail Cochran, president
and owner of Flite II Travel/American Express. "My staff is excited about the
seamless integration of eZforex to the Galileo desktop, making it easier than
ever to extend the sale with the addition of foreign currency. I'm
particularly happy about earning close to 20 percent more commission over my
current direct deal, just by taking advantage of the Galileo exclusive
'eZforex 60 percent eZ-Profit Plan.'"
About eZforex.com, Inc.
eZforex.com, Inc. is the world's first Web-based foreign currency exchange
program for travel agencies. More than 2,200 travel agents use eZforex.com
nationwide. eZforex is a Platinum partner with TRAMS, a preferred supplier
for American Express, GIANTS, Hickory, Vacation.com, Cruise & Vacation
Specialist and Mart & Traveler's Choice. eZforex.com, headquartered in
Longview, Texas, was founded in 1992. For additional information about
eZforex.com visit the website at http://www.ezforex.com . Agencies interested in
Galileo's exclusive "eZforex 60 Percent eZ-Profit Plan" for foreign currency
sales should email eZforex at sales@ezforex.com or contact them at
903 663-2525 extension 51.
About Galileo International
Galileo International is a 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 supplier, agency and
corporate customers and, through them, expanding traveler choice. A
subsidiary of Cendant Corporation (NYSE: CD), Galileo is part of Cendant's
Travel Distribution Services Division, headquartered in Parsippany, New
Jersey, U.S.A., and has offices worldwide. Visit http://www.galileo.com .
SOURCE Galileo International, Inc.
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Related links:
http://www.ezforex.com
http://www.galileo.com/businessbuilders
http://www.galileo.com
Company News On-Call:
http://www.prnewswire.com/comp/121034.html
CONTACT:
Taylor Allis of Galileo International, Inc.,
+1-303-397-5424, or taylor.allis@galileo.com ; or Evan Shelan of
eZforex.com, Inc., +1-903-663-2525, ext. 51, or evan@ezforex.com
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