Bookings Take Off on SnapFares.com, the Pioneering Real-Time Reservation Engine.

Business Editors

SFN Holdings, Inc., the global travel management and technology provider, today announced dramatic booking increases on its online unit SnapFares.com.

The site, primarily geared towards the international air markets, has logged well over 50% month-on-month sales revenue increases since launch in March 2002. This sales drive is expected to continue driven by the high flexibility of the product, rapid fulfillment based on unique data management, transparency in pricing, and clear end-user accounting which allows a buyer to immediately obtain a precise snapshot of their purchases and costs.

SFN Holdings, Inc. has developed powerful proprietary technology over the last three years using the combined experience of its senior staff, all veteran travel agents and technologists. The booking engine deployed on SnapFares.com is a unique technology which provides real-time detailed pricing and scheduling booking options through an intuitive, easy-to-use interface.

The XML based, OTA compliant proprietary booking technology searches published fare databases concurrently with proprietary negotiated fare databases thus providing broader options and lower fares to ensure maximum competitiveness. Drawing on its vast real-time database, the booking engine thus offers an unprecedented selection of price and scheduling options for a range of air, car, hotel and cruise inventory. This is amongst the first such launches of an XML based internet booking engine in the United States travel sector.

SnapFares.com is one of the easiest-to-use booking engines on the Internet. The site provides a comprehensive spectrum of travel-related services for the business and leisure traveler. The browser-based booking engine provides an integrated travel booking solution for buying and selling air tickets, car rentals, hotel reservations, cruises, tours, vacation packages, events bookings, and many related travel products. The Engine interacts with all major vendor systems and is a one-stop shop for the travel buyer and seller in the industry.

"SnapFares.com is a product that makes the entire process of purchasing travel-related services much easier and much more cost effective for both the consumer and the airline, hotel and other travel vendors," said Ajay Vadodaria, President and CEO of SFN Holdings. "We've worked very closely with our industry partners on this product and we are pleased with the results which reflects in our rapidly growing customer base."

Recently announced new features that make SnapFares.com even easier to use include:

-- Ability to shop for a fare within a range of dates - Multiple airlines bookings in a single transaction

-- Multiple legs on air trips, rather than basic one-way or return fares

-- Real-time pricing information - Bookings from directly negotiated inventory

About SFN Holdings, Inc. and SnapFares.com

SFN Holdings, Inc. is the leading data management and travel service solution company in the airline consolidator industry. SnapFares.com, launched in March 2002 by its parent SFN Holdings, provides a complete integrated product line serving both the individual/business traveler and travel agency/consolidator with end-to-end travel solutions. The SFN stable of companies includes Mahan Travel and TMV Tours which are amongst the top IATAN approved airline consolidators in the US. The SFN group holds Negotiated Fare Agreements with over 30 airlines. SFN is headquartered in Jersey City, NJ. More information is available by visiting the web site at www.snapfares.com or by calling [phone].