Ebookers -> ARIVA

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Ebookers -> ARIVA

 
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ebookers.com Appoints Navneet Bali Director Of Corporate Finance And Development

LONDON, May 2 /PRNewswire/ -- ebookers.com (Nasdaq: EBKR, Neuer Markt: eb6), the leading pan-European travel specialist, is delighted to announce it has appointed Navneet Bali as Director of Corporate Finance and Development. Mr. Bali, 44, will be responsible for financial planning and strategy across Europe as well as managing the company's investor relations program. Mr. Bali reports to Dinesh Dhamija, Chief Executive Officer.

Prior to this appointment, Mr. Bali was a Director at HVS International, the global consulting group that provides consulting, valuation and investment services to the international hospitality industry.

Previous appointments held include Director of Finance of Taj International Hotels. In the period of his stewardship he oversaw the raising of $300m in debt and private equity for the group. He also coordinated the listing of The Indian Hotel Company Limited's shares on the London Stock Exchange through a Global issue of GDR's.

Mr. Bali commented: "I am very excited by the scale of opportunity ebookers.com enjoys."

Dinesh Dhamija, CEO of ebookers.com said:

"As every aspect of our business is expanding we need to ensure that our strategic vision remains clear and focused. Navneet Bali's 19 years experience in the hospitality sector will complement the skills and vision of Dr. Sanjiv Talwar, our Chief Financial Officer. The whole organization joins me in welcoming him aboard."

About ebookers.com

ebookers.com plc is a leading online European travel agency offering complete one-stop, online shopping with a host of travel products and services, including negotiated discount airfares with 100 major airlines, and discounts with over 14,000 hotels worldwide. ebookers.com is the technology and travel spin-off from Flightbookers plc, the London-based travel agency which in 1996 became the first travel company to establish an interactive website in the UK. The ebookers.com group also established the first interactive travel websites in France and Finland. The company was established as a separate Internet company in June 1999. ebookers.com operates in the following ten countries: Denmark, France, Finland, Germany, Ireland, Norway, Sweden, Switzerland, The Netherlands and the UK. The company completed its initial public offering in November 1999 listing on the Nasdaq and the Neuer Markt in Frankfurt, Germany.

Forward-Looking Statements

Except for the historical information contained herein, the matters discussed in this news release are forward-looking statements that involve risks and uncertainties that could cause actual results to differ materially from those in such forward looking statements. Potential risks and uncertainties include, without limitation, the company's ability to identify, acquire and integrate its potential subsidiaries across Europe, its ability to significantly increase its online revenues and sales volumes, to maintain and develop relationships with travel suppliers and strategic partners and to attract and retain customers, potential adverse changes in its gross mark up or in commission rates, unforeseen events affecting the travel industry, the impact of year 2000 issues, and the company's dependence on its ability to establish its brand. These and other risk factors are described in detail in the company's Prospectus dated 11 November 1999, which has been filed with the Securities and Exchange Commission, USA and the German Prospectus dated 11 November 1999, filed with the Neuer Market, of the Frankfurt Stock Exchange, Germany.

SOURCE ebookers.com plc

CONTACT: Jenny Evans, +44-0-20-7757-26-69, jennifer.evans@ebookers.com, or Oliver Strong, +44-0-7771-934-153, oliver.strong@ebookers.com, both of ebookers.com plc; or Alex Mackey, alexmackey@gcifocus.co.uk, or Nick Lambert, ebookers.com; or Emmanuelle Thiney, ethiney@makovsky.com, or Mac McNeer, mmcneer@makovsky.com, both of Makovsky & Co., 212-508-9651, for ebookers.com/



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