19 June 2008

Board selects industry veteran to direct leading TMC’s growth and guide strategic vision

Washington DC - - RADIUS – the global travel company announced today that its board of directors has named Christopher Vasiliou as the company's chief executive officer and president. Vasiliou assumes his new role on 14th July 2008. He will also serve on the RADIUS board of directors. RADIUS is one of the largest travel management companies in the world with 90 travel agencies operating from more than 3,600 branch locations in 80 countries to produce a USD 20 billion in combined sales turnover.

Before joining RADIUS, Vasiliou was responsible for managing strategy, joint ventures, alliances and direct distribution for Sabre’s Asia Pacific division based in Shanghai. Prior to the Asia Pacific position, he held various leadership positions at Sabre and Travelocity including Chief Operating Officer at Travelocity, Senior Vice President of North and South America for Sabre Travel Network, as well as Managing Director of National Accounts and Managing Director of Sabre Europe. He started his career in the hotel and travel agency business before joining American Airlines/Sabre and holds a bachelor's degree from Temple University and served in the United States Navy.

Bill Tech, chairman of the board of RADIUS said of the appointment: “On behalf of the board of directors, after our extensive global CEO search, we are thrilled to welcome Chris as RADIUS's new president and chief executive officer. He brings a wealth of experience and complementary strengths to the table – so we know that we will quickly benefit from Chris’s leadership skills and his proven ability to execute strategy and drive stakeholder value. Of particular importance, at this point in RADIUS’s evolution as a leading global travel management company is Chris’s strong background in sales, marketing and international operations.”

On his appointment Vasiliou commented: “It is indeed an honor and pleasure to have been selected to lead RADIUS. The combination of world class corporate travel management agencies, an unmatched global network, long-term relationships with key global travel suppliers and a strong, experienced management team all position RADUIS to transcend the challenges that the entire industry will face over the next few years.

About RADIUS
RADIUS – the global travel company is one of the world’s largest travel management companies with combined annual sales of over USD 20 billion. RADIUS is comprised of 90 travel agencies in 80 countries around the world with over 3,600 locations and is headquartered in the United States with regional offices servicing the Americas, EMEA, and Asia Pacific. Press releases are available at www.radiustravel.com.

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For media enquiries:
Ethan Z Simon RADIUS – the global travel company
Tel: + 1 301 941 0368 Email: esimon@radiustravel.com