Ctrip Announces the Launch of Limousine Services International, Ltd.
2007-04-05 10:32 1101

SHANGHAI, China, April 5 /Xinhua-PRNewswire-FirstCall/ -- International, Ltd. (Nasdaq: CTRP), a leading travel service provider of hotel accommodations, airline tickets and packaged-tours in China, announced that it has launched its limousine services in 11 cities in China.

The limousine services offered by Ctrip are designed to serve the business travelers who seek, at a reasonable cost, transportation alternatives that are better than taxis. While the self-driving car rental market is small as such industry is still in its early stage in China, the demand for limousine services has increased significantly in recent years. Ctrip's launch of the limousine services is well timed to capitalize on the increasing demand that is expected to continue in the future.

Min Fan, the Chief Executive Officer of Ctrip, said: "We are very excited about this new business. It not only brings additional revenue streams to our business, but also represents our company's relentless focus on top-quality service. We bring value to our customers by anticipating and fulfilling their travel needs and elevating their overall travel experience."

Safe Harbor Statement

This announcement contains forward-looking statements. These statements are made under the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as "will," "expect," "anticipate," "future," "intend," "plan," "believe" "estimate," and "confident" and similar statements. Among other things, quotations from management in this press release, as well as Ctrip's strategic and operational plans, contain forward-looking statements. Ctrip may also make written or oral forward-looking statements in its periodic reports to the U.S. Securities and Exchange Commission on Forms 20-F and 6-K, etc., in its annual report to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Statements that are not historical facts, including statements about Ctrip's beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of important factors could cause actual results to differ materially from those contained in any forward-looking statement. Potential risks and uncertainties include, but are not limited to, declines or disruptions in the travel industry, the recurrence of SARS or other contagious disease, Ctrip's reliance on the relationships with hotel suppliers and airline ticket suppliers, Ctrip's limited operating history, fluctuations in quarterly operating results, failure of competing against new and exist competitors, and other risks outlined in Ctrip's filings with the U.S. Securities and Exchange Commission, including its annual report on Form 20-F and other filings. Ctrip does not undertake any obligation to update any forward-looking statement, except as required under applicable law.

About International, Ltd. International, Ltd. is a leading travel service provider of hotel accommodations, airline tickets and packaged-tours in China. Ctrip aggregates information on hotels and flights and enable customers to make informed and cost-effective hotel and flight bookings. Ctrip targets primarily business and leisure travelers in China who do not travel in group. These travelers form a traditionally under-served yet fast-growing segment of the China travel industry. Since its inception in 1999, Ctrip has experienced substantial growth and become one of the best-known travel brands in China.

For Further Information

Tracy Cui International, Ltd.

Tel: +86-21-3406-4880 X 12216


Source: International, Ltd.
Keywords: Travel