PRESS RELEASE: Online Holdings International Inc. Acquires a New Online Enterprise in Europe

PRESS RELEASE: Online Holdings International Inc. Acquires a New Online Enterprise in Europe

Today, Online Holdings International, Inc. has announced its recent acquisition of Travel Universe Ltd. – one of the European leaders in online travel and leisure deals. The company is based in Europe and has a unique, multinational online platform, plus a proprietary booking department. The reason for Travel Universe to position itself ahead of competition is based on the fact that it operates as a hybrid between a traditional tour operator (doing all the reservations, issuing vouchers, booking flight tickets, etc.) and as a daily deal platform offering significant discounts for its customers. One of the reasons for popularity of the acquired enterprise are its discounts of up to 75 %.

With its tens of thousands of customers, Travel Universe is a highly valuable asset for the success of its Holding company. The new online venture has a potential to reach millions of customers located in Europe, interested in traveling with a significant discount.

The management of Online Holdings International believes that this strategic acquisition will bring in short to medium term significant increase in value for the corporate structure, as well as entering into new markets with a great potential. Markets in Central and Eastern Europe are expected to grow by over 21% annually and has only reached 41% of the population compared to 72% penetration in already developed markets like US and Western Europe.

About Online Holdings International Inc.: Online Holdings International is a multinational company focused mainly on e-Commerce projects, investing and developing in companies returning high profits.

The corporation's current focus is on, but not limited to: international tourism, e-Commerce, daily deal websites, online advertising and marketing.


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