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BSP ONElink Makes Booking Rental Cars EASY.

Business Editors/Travel Writers


BSP ONElink, Inc., (OTCBB:BSPO), which provides electronic booking, billing and settlement to the global travel industry, signed a landmark distribution agreement with Issy Autos Ltd. and its Easyautos subsidiary for access to 1,307 car rental locations worldwide including select franchise locations of major rental car firms.

"This agreement is extremely significant in that it gives our company distribution rights to a global inventory of rental cars as we prepare for our product launch later this year," said Bill Guerin, chairman and chief executive officer of BSP Onelink. "As we progress we will be signing similar agreements with other key companies in the car rental sector to provide a wide product range and extensive choice of car rental locations and inventory," added Guerin.

For the first time many of the small to medium car rental companies will gain access to a significant distribution channel via BSP ONElink and its direct links to all IATA agents.

"This gives more opportunities for travel agents and a wider choice for consumers," Guerin remarked. The BSP ONElink service, developed in collaboration with the International Air Transport Association (IATA), will for the first time provide an integrated Internet-based distribution and settlement service to rental car operators in every corner of the globe, from Cyprus to Barbados, and from New Zealand to Zimbabwe - true global marketing reach and payment.

Issy Autos ' client list of car rental firms, including some franchisees of Budget, Alamo, National, Europcar, Sixt and Thrifty, will be made available by BSP Onelink to IATA-accredited travel agencies worldwide through the internet as part of an IATA-branded service. These clients will enjoy expanded marketing of their products as well as improved cash flow through electronic payment, while travel agents will now have on-line access to a diverse choice of products, providing greater value to their clients.

Last year, the 55,000 travel agencies that are accredited by IATA booked over 300-million airline tickets.

"This is a huge distribution channel that has been in place for over 30 years that BSP Onelink is opening up to all types of travel vendors, many for the first time," said Peter Crouch, an investor in and key advisor to BSP Onelink.

"BSP Onelink's service is a major breakthrough in the travel industry and Issy Autos expects to reap the benefits quickly through increased exposure and greater sales volume," said Crouch, who is also a principal of U.K.-based Issy. His prominent career in the rental car industry includes 16 years with Budget Rent-A-Car International Inc., culminating as president and CEO, as well as executive positions at Thrifty Rent-A-Car in Europe and Sixt Plc, the German rental car company.

Issy Autos is part of a U.K. based group of companies which was launched in 1988 and has distribution agreements with numerous independent car rental firms as well as franchisees of the major car rental firms in such high volume tourism destinations as Australia, Austria, Belgium, Canada, Denmark, France, Germany, Greece, Ireland, Italy, Netherlands, Portugal, South Africa, Spain, Sweden, Switzerland, United Kingdom, and the United States.

This new BSP ONElink distributor can also deliver cars in some more exotic and less common locations including Barbados, Channel Islands, Corsica, Croatia, Cyprus, Czech Republic, Estonia, Gibraltar, Grenada, Guam, Hungary, Israel, Latvia, Lithuania, Luxembourg, Madeira, Malta, Mauritius, Morocco, New Zealand, Norway, Poland, Romania, Slovenia, St. Lucia, Turkey, and Zimbabwe.

About BSP Onelink:

With headquarters in San Francisco and operations in the United Kingdom, BSP Onelink, Inc has created the world's first integrated, Internet-based distribution and financial settlement service for the international travel and tourism industry. Developed in collaboration with the International Air Transport Association (IATA) and a group of technology partners, BSP ONElink allows suppliers of non air travel - such as car rental, hotels, rail operators, cruise lines, ferries, travel insurance, events promoters and tour operators - to market their services more efficiently and cost effectively. Suppliers have access to 55,000 IATA accredited travel agencies in 146 countries and an estimated 45,000 leisure based non IATA certified travel agencies worldwide.

About IATA:

Headquartered in Montreal, Canada, and with a main office in Geneva, Switzerland, IATA is the trade association of the international airline industry. Founded in 1919, IATA today represents almost 280 airlines that handle 95 percent of all internationally scheduled flights. IATA's commercial objective is to ensure that people, freight, and mail can move around the vast global airline network quickly and efficiently - as if they were on a single airline in a single country. The organization's operational objective is to ensure that members' aircraft can operate safely, securely, efficiently and economically under clearly defined and understood rules.
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Publication:Business Wire
Date:Jun 25, 2003
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