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TQ3 Travel Solutions Management Holding, GmbH and Navigant international, Inc. terminate global joint venture agreement
Denver, CO/ Bremen, Germany; January 03, 2006 – TQ3 Travel Solutions Management Holding, GmbH and Navigant International, Inc. have announced today the termination of their global joint venture agreement, regarding the co-management of TQ3 Travel Solutions, effective immediately.
TQ3 Travel Solutions Management Holding, GmbH will transfer its 50% stake in TQ3 Travel Solutions GmbH to Navigant International, Inc., who will continue to operate TQ3 Travel Solutions, which will retain the worldwide rights to the TQ3 brand name and trademark.
TQ3 Travel Solutions Management Holding and all of its subsidiaries (who will all change their name and brand before 30 June 2006) will leave the TQ3 Network, effective immediately. Navigant International, Inc., through TQ3 Travel Solutions, will manage the remaining international network offices. Both parties are committed to honoring all existing contractual obligations with customers and business partners until the end of their contract period, expecting to ensure continued service and support without disruption.
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For further information, please contact:
Melanie Garrett Bob Griffith
Global VP Marketing Chief Financial Officer
TQ3 Travel Solutions Navigant International
Tel +44 (0) 207 153 3310 Tel +303 706 0778
Mob +44 (0) 7736 105257 Fax: +303 706 0770
[email protected] [email protected]
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