PTN Blog

FRESNO, Calif., Sept. 17, 2008 (GLOBE NEWSWIRE) — Pro Travel Network, Inc. (OTC BB:PTVL.OB - News) is pleased to announce today that the company has entered into an agreement to acquire KG & S Pty. Ltd, which has operated its travel business for nearly 20 years, and is among the leading online travel agencies in the Melbourne area. The Australian market is strategic in Pro Travel Network’s long term business plans and this acquisition will allow Pro Travel to expand services to customers in the Australian market. This acquisition gives Pro Travel immediate access to already established relationships with all major hotels, airlines and car rentals within the greater Australian area. The acquisition brings incremental value to the existing shareholders of Pro Travel Network and will immediately increase our customer base. Integration of the business with Pro Travel Network is expected to be completed in the next 3 months. ”It is an exciting moment for us and this acquisition extends our global reach to the Australian market,” stated Paul Henderson, CEO and President of Pro Travel Network.  ”The Australian market is part of our strategic plans for the growth of Pro Travel Network. We have a successful track record in business, and experience from our Canadian expansion makes us confident in international markets. Not only do we believe Australia is an important part of our expansion, but it also serves as the perfect launch pad to capture the lucrative Asia-Pacific travel market in the future. This summer has been an exciting time as many of our future expansion plans have come to fruition.”