ATLANTA, GA, September 15, 2004 - Ptek Holdings, Inc. (NASDAQ: PTEK ), a leading provider of innovative business, data and group communications services, today announced that Worldspan, the global distribution system (GDS) and worldwide leader in e-commerce for the travel industry, has launched Xpedite to power the Worldspan FastMail® suite of messaging services.
Worldspan provides comprehensive electronic data services linking approximately 800 travel suppliers around the world to more than 16,000 travel agency locations in 70 countries. FastMail enables travel agents to deliver itineraries, invoices, credit memos and other information to customers directly from their desktops, within the Worldspan reservations system, resulting in increased productivity and improved customer service. Worldspan agents also use Xpedite's online payment options to make secure payments by credit card, debit card, ACH routing or check.
"It is critical for us to offer our agency customers a seamless, reliable product to manage the thousands of travel communications they exchange daily with their clients," said Mike Parks, Senior Vice President and General Manager - Worldwide Travel Distribution for Worldspan. "Xpedite's technology enables our agents to send itineraries and other critical information directly from their desktops, without additional software or phone lines. We selected Xpedite because of its industry leadership and its ability to make the process of delivering necessary travel documents, anywhere in the world, quick and easy."
"Worldspan's decision to utilize our transactional e-mail and fax solutions demonstrates the value and versatility of these applications for the travel industry," said Lee Provow, President of Xpedite. "Electronic confirmation of mission critical data is a cost-effective business tool that can be widely implemented within enterprises to speed communications and drive efficiencies."
About Ptek Holdings, Inc.
Ptek Holdings, Inc. is a leading provider of innovative business, data and group communications services for global enterprises. Companies use our audio and data conferencing solutions to conduct group meetings and presentations over the phone or Web. We also enable our customers to process and deliver large quantities of individualized, business critical information, such as electronic statements and invoices, financial transaction and travel confirmations, and drug prescriptions, via our global ASP platform. Ptek serves companies in nearly every business sector, including healthcare, technology, publishing, financial services, travel and hospitality. Our services are marketed under the Premiere Conferencing and Xpedite® brand names.
Ptek Holdings' corporate headquarters is located at 3399 Peachtree Road NE, Suite 700, Atlanta, GA 30326. Additional information can be found at www.ptek.com.
Forward-looking and cautionary statements
Statements made in this press release, other than those concerning historical information, should be considered forward-looking and subject to various risks and uncertainties. Such forward-looking statements are made pursuant to the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995 and are made based on management's current expectations or beliefs as well as assumptions made by, and information currently available to, management. A variety of factors could cause actual results to differ materially from those anticipated in Ptek's forward-looking statements, including, but not limited to, the following factors: technological change; the development of alternatives to our services; our ability to manage our growth; integration of acquired companies; possible adverse effects on our financial condition if we are unable to retain IBM as a customer at the levels currently forecasted; possible adverse results of pending or future litigation or infringement claims; service interruptions; competitive pressures, including pricing pressures; general domestic and international economic, business or political conditions; legislative or regulatory changes; increased financial leverage; our dependence on our subsidiaries for cash flow; and other factors described from time to time in our press releases, reports and other filings with the SEC, including but not limited the "Risk Factors Affecting Future Performance" section of our Annual Report on Form 10-K for the year ended December 31, 2003. All forward-looking statements attributable to us or a person acting on our behalf are expressly qualified in their entirety by this cautionary statement.