Asiatravelmart.com, Skali.com Tie Up For Online Travel Services

By Lesley Moore, Newsbytes.
KUALA LUMPUR, MALAYSIA,

27 Jan 2000, 9:32 PM CST

Asiatravelmart.com, Skali.com Tie Up For Online Travel Services 01/27/00 KUALA LUMPUR, MALAYSIA, 2000 JAN 27 (NB) -- By Lesley Moore, Newsbytes. Fast-growing online travel reservations company Asiatravelmart.com has teamed up with Asian portal player Skali.com to provide a one-stop Web site aiming to fulfil a traveler's every need.

The new travel portal, called Skali Travel Services and located on the Internet at http://skali.asiatravelmart.com , will allow users to make reservations on tour packages, hotels, car rentals, ground transfer as well as meals to various destinations in the world.

"This new site provides integrated bookings for the convenience of travelers and supports multi-currency transactions. Travelers can also use it to find information quickly and effectively on many popular destinations," says the joint statement by Skali.com owner Alam Teknokrat Sdn Bhd and Asiatravelmart.com operator Asia Travel Network (ATN) Sdn Bhd.

"Through this partnership, we are able to bring tremendous value to the existing users and ultimately, be able to make our services available to more markets. In due time, it is inevitable that more and more users will adopt the Net medium as a platform of transaction and the online travel industry is no exception, " said Alex Kong, chief executive officer (CEO) of ATN.

ATN's Internet-based Travel Reservation System (TRS) currently covers about 100 countries and offers over 20,000 travel products and services at wholesale prices. Travelers save up to 80 percent over published rates.

AsiaTravelMart.com allows users to get instant confirmation, print out their own receipts and vouchers to redeem their travel services, and also processes and provids immediate online refunds in case of last-minute cancellations. The Web site system processes real-time credit card transactions based on the widely-used Secure Sockets Layer (SSL) protocol.

The high-flying company raised 13 million ringgit (US$3.42 million) in its second round of venture capital in December from four strategic investors: Internet-based venture company AsiaTech Ventures, Hong Kong-based investors Jardine Fleming Electra and Shun Tak Holdings, and local company Dimensi Tuah. It plans to close a hefty $20 million in its next round from global investors.

Alam Teknokrat launched its first search channel, Altavista Skali, at http://altavista.skali.com , the Asian version of Altavista, in 1997, and currently hosts a range of channels, search facilities, up-to-date news and information, and online tools .

Exchange Rate: $1 = 3.80 ringgit

Reported By Newsbytes.com, http://www.newsbytes.com

21:32 CST

(20000127/WIRES ASIA, ONLINE/)

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