GOQUO SIGNS MALAYSIA’S BIGGEST TRAVEL MANAGEMENT COMPANY

London, 13 November 2006 – Fast-growing online technology solutions provider GoQuo Ltd (www.goquo.com) today announced that it has won the lucrative account for Holiday Tours & Travel Sdn Bhd, Malaysia’s largest travel management company (www.holidaytours.com.my), with the support of Abacus, Asian GDS leader. The win comes just weeks after GoQuo opened a new office in Kuala Lumpur.

Founded in 1972, Holiday Tours & Travel today leads Malayasia’s corporate travel market, and is increasing its share in the leisure travel sector, offering full agency services, such as flights, hotels, car rental, coaches, cruises, tours and insurance, for inbound and outbound travellers, whether business, leisure, incentive or group.

It will deploy GoQuo’s robust, value-for-money GQDynamic solution which will be fully customised to Holiday Tours’ business requirements. This deal further solidifies GoQuo’s footing in the Asian market, and adds Malaysia to a growing list of Asian countries where GoQuo’s products are currently being used, such as India and Singapore.

GoQuo established its Kuala Lumpur office in response to a growing number of travel trade enquiries from China, Thailand, Singapore, the Philippines, Japan, India and Malaysia. It is a fully registered company which is in the process of applying for Malaysian government MSC* approval to expand its technology offering through research and development investment,
GoQuo see the new office as a vital foothold in the region which will help it penetrate further into the vast Asian, East Asian and South-east Asian travel technology markets. Malaysia is regarded as a strategic location as the Asian region is one of the fastest-growing travel markets in the world for both inbound and outbound travellers.

Ron Ramanan, GoQuo founder and managing director, commented: “This deal with one of the country’s biggest travel businesses is a massive vote of confidence in GoQuo. Our name and solution offering, based on competitive pricing, superior robust online technology and customisation to customer needs, will be noted in the region’s travel industry and I’m confident that we will be signing more trade partners in the region soon.”

Pink Kee, IT manager of Holiday Tours & Travel said: “We chose GoQuo because they offered us complete flexibility, ranging from a simple electronic booking solution to a complete customisable solution. GoQuo also offered a complete portfolio of what we wanted, coupled with a reasonable initial setup cost.”

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About GoQuo
Positioned at the forefront of travel technology, GoQuo is a dynamic, established software solutions provider in the UK. Headquartered in London, GoQuo products are used by UK, US, European, Asian and Australian travel clients to give them a more dynamic presence in the online travel marketplace, and to help travel companies fulfil their market expansion plans and optimise their efficiency with robust and cost-effective technology solutions.

About Holiday Tours & Travel
Holiday Tours & Travel was founded in 1972 and today is one of the largest travel management companies in Malaysia with a fast-growing leisure travel business.

About Abacus
Singapore-based Abacus International is Asia Pacific’s leading travel facilitator with around 11,000 agency locations in 24 markets. Founded in 1988, Abacus has18 years of experience of providing international best practice and local expertise to global and local partnerships. It provides travel information and reservations specifically tailored to the Asia Pacific region.

* MSC Status
MSC status is official Malaysian government recognition for companies that participate in and undertake technology activities in the country which gives MSC-status companies certain incentives and benefits.