e. leila@turtle-pr.com    t. +44 (0)7889 23 1000




CHEAPFLIGHTS MEDIA BECOMES MOMONDO GROUP

12/11/12

REFLECTS FOCUS ON INTERNATIONAL GROWTH & MOMONDO BRAND BUILDING

Board strengthened with appointment of momondo founder Thorvald Stigsen
Corporate rebrand will see Company continue to grow both brands online.
Group unveils new sites: Cheapflights.co.za and Momondo.ro

Cheapflights Media Ltd is adopting the name of its Danish travel search site subsidiary, momondo, as the Company's new corporate identity. This decision reflects the company's long-term strategy to further develop its geographical presence in non-English-speaking markets and to build the momondo brand to help the group expand into future new products.

The Company is also unveiling the latest phase in its international expansion programme with the roll out today of a new presence in South Africa, www.cheapflights.co.za. The new launch builds on the early success of its dedicated Australasian site, www.cheapflights.com.au, which has seen more than a 50% growth in sales and visitor numbers over the past year. The international expansion of the momondo brand also continues at pace with the launch of a Romanian site www.momondo.ro.

The newly-rebranded Company is further strengthening its Board with the appointment of Thorvald Stigsen, Founder of momondo and its b2b technology precursor, Skygate Media. He brings 20 years' travel Industry, technology and entrepreneurial expertise to the Board.

Hugo Burge, CEO momondo Group, said: "We are passionate about helping to bring the world together through better travel search and inspiration. It has been great fun working with Thorvald over the last few years. He has a superb understanding of what it is to bring brand, technology and product together. It is a great pleasure to welcome him to the Board and, in addition, we believe that using the momondo brand at the Group level will help us in our plans to grow the brand and business internationally. "

Thorvald Stigsen, momondo founder and momondo Group Board member, said: "It's extremely exciting to join the Board and be part of momondo's expansion. I love the core vision of the company - that an open world is a better place - and I believe we can democratise travel with our comprehensive search. The group has an incredible momentum and the travel space offers so many opportunities. It's great fun."

The parent company, momondo Group, will continue to be based in London with the Danish meta-search operation retaining its base in Copenhagen. The Group will maintain its complementary brand strategy.

Burge added: "The Cheapflights name has high levels of recognition and resonance amongst users in our established English-speaking markets, where we will continue to invest for growth. But as we move forward into new, non-English-speaking markets we relish the opportunity to develop the momondo brand; a name which will also enable the group to introduce a broader palette of useful tools to help travellers everywhere."

ENDS

For further information:
Leila Stocker
Turtle PR
Email: leila@turtle-pr.com
Tel: +44 (0)7889 231000

momondo group: "Let's Open our World."
momondo Group is an online travel media and technology company that is driven by the belief that an open world is a better world. The group now serves travel search and inspiration to over 13 million visitors a month - plus 6 million travel newsletter subscribers - via its Cheapflights (http://www.cheapflights.co.uk/) and momondo (www.momondo.com) brands.

Skygate began the sourcing of complex air-travel data in 1992, whilst Cheapflights pioneered the online comparison of flight deals for users in 1996 and momondo launched meta-search in the Nordic countries from 2006.
The Group has offices in London, Copenhagen, Boston and Toronto, with a consumer base across 16 core international markets but users all over the world.

"Make voyages! Attempt them... there's nothing else" - Tennessee Williams

"One's destination is never a place, but rather a new way of looking at things" - Henry Miller


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