Tuesday July 7, 8:01 am Eastern Time
Company Press Release
SOURCE: Navigant International, Inc.
Navigant International Acquires TravelCorp
Acquisition Increases Presence in Minneapolis Market
DENVER, July 7 /PRNewswire/ -- Navigant International, Inc. (Nasdaq: FLYR - news), one of
the largest suppliers of corporate travel services in the U.S., today announced it had completed the
acquisition of Minneapolis-based TravelCorp, Inc. Terms of the acquisition were not disclosed.
TravelCorp, founded in 1974, provides corporate travel services to the Minneapolis/St.Paul area,
and reported revenues of $3 million in fiscal 1997.
''We are extremely pleased to add TravelCorp to the Navigant family of travel companies,'' said
Edward Adams, Navigant's chief executive officer. ''By combining TravelCorp's operations with
those of Navigant's other Minneapolis-based agency, World Travel and Incentive, we now have
the third largest travel agency in one of the key corporate travel markets in the country.''
According to TravelCorp president Peter Johnson, the fit with Navigant was a natural one.
''Navigant's strategy for growing the agency and serving middle market customers is in line with
ours, and I'm looking forward to implementing new technologies and operations that will make
TravelCorp more competitive.''
Navigant is one of the five largest providers of corporate travel management services in the United
States based on airline ticket sales. The Company currently has 129 offices, including offices in 16
of the 25 largest U.S. business travel markets. The Company's shares are traded on the Nasdaq
National Market System under the symbol ''FLYR.''
Except for the historical information contained herein, this news release contains forward-looking
statements that involve risks and uncertainties, including, but not limited to, integration of prior or
potential future acquisitions, the timing of new acquisitions, the impact of competition, and general
industry or business trends or events, as well as the other risks detailed from time to time in the
Company's SEC reports, including the reports on Form S-1. Consequently, all forward-looking
statements made herein are qualified by these cautionary statements and there can be no assurance
that the actual results, events or developments referenced herein will occur or be realized.
SOURCE: Navigant International, Inc.
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