Joystar, Inc. (OTC BB: JYSR), one of the nation's largest and fastest growing travel agency networks and leading seller of cruises and vacations announced today that it has signed a distribution agreement with Amadeus, the global leader in technology and distribution solutions for the travel and tourism industry.
The relationship provides Joystar's Network of travel agency partners and clients with access to more than 95% of the world's scheduled airline seats, 56,700 hotel properties, 42 car rental companies serving some 30,000 locations, and other provider groups including cruise, ferry, rail, insurance, and tour operators.
"As our network continues to proliferate, one of our top priorities is to better enable our travel agency partners to easily and profitably book all segments of travel through a single reservations solution," said Bill Morris, Sr. V.P. of Business Development for Joystar. "We chose Amadeus because of the quality and scope of their operations and their unprecedented technology infrastructure," he added.
"We are very pleased that Amadeus has been selected by Joystar," said Tom Cates, Sr. VP, Marketing and Sales for Amadeus North America. "This agreement represents a partnership which combines the breadth of our technology and distribution services with Joystar's rich value proposition to bring travel professionals what they need to remain productive and profitable."
Joystar is the one of the nation's largest and fastest-growing leisure travel agency networks and a leading seller of cruises and vacations. The Company sells complex travel products including cruises, vacation packages and group travel through its growing national sales force of virtual travel agents and online affiliates. Joystar offers comprehensive business opportunities that combine innovative technology, marketing opportunities and expert support services to the Company's independent and home-based travel agents. With Joystar, experienced and new travel agents can concentrate on promoting travel and creating client loyalty without the administrative and financial burden of owning/operating a traditional storefront travel agency.
Amadeus is the chosen technology partner for providers, sellers, and buyers of travel. Amadeus provides distribution, IT and point-of-sale solutions that help its customers adapt, grow and succeed in the fast changing travel industry. Customer groups include travel providers (airlines, hotels, car rental companies, railway companies, ferry lines, cruise lines and insurance companies, tour operators), travel sellers (travel agencies) and travel buyers (corporations and travelers). The company -- jointly owned by BC Partners, Cinven, Air France, Iberia and Lufthansa -- has over 6,500 employees worldwide, representing 95 nationalities in more than 215 markets. More information about Amadeus is available at: www.amadeus.com.
"Forward-looking statements" as defined in the Private Securities Litigation Reform Act of 1995 may be included in this news release. These statements relate to future events or our future financial performance. These statements are only predictions and may differ materially from actual future events or results. Joystar, Inc. disclaims any intention or obligation to revise any forward-looking statements whether as a result of new information, future developments or otherwise. Please refer to the documents filed by Joystar, Inc. with the Securities and Exchange Commission, which identify important risk factors that could cause actual results to differ from those contained in forward-looking statements, including, but not limited to risks associated with our ability to (i) increase revenues, (ii) obtain profitability, and (iii) obtain additional financing, changes in general economic and business conditions (including in the online business and financial information industry), actions of our competitors, the extent to which we are able to develop new services and markets for our services, risks in connection with acquisitions, the time and expense involved in such development activities, the level of demand and market acceptance of our services and changes in our business strategies.
Additionally, forward-looking statements concerning the performance of the travel and leisure industry are based on current market conditions and risks, which may change as the result of certain regulatory, political or economic events, a shift in consumer travel preferences, as well as those risks and uncertainties described in the Company's filings with the Securities and Exchange Commission, which could cause actual events or results to differ materially from the events described in the forward-looking statements, whether as a result of new information, future events or otherwise. Readers are cautioned not to place undue reliance on these forward-looking statements.
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