TravelShark Secures $5 Million in Funding

World's largest online travel network to continue expansion of content-rich global travel sites and product offerings to hospitality companies and traveling consumers.

2011-06-28

SINGAPORE, June 28, 2011 (Press-News.org) TravelShark (formerly Swiftrank), the leading global online travel network, today announced that it has closed a $5 million round of financing to further accelerate the company's already impressive revenue growth and global sales since its public launch in 2010. The investment was made by DLA Holdings, a Singapore-based private equity firm. With the recent $5 million investment, TravelShark has raised a total of $8 million to date.

"This additional funding is a nod to the dramatic expansion that TravelShark has achieved in traffic and revenues across its global network of 12,000 travel sites, as well as the tremendous opportunity we have to further accelerate growth," said Sue Heilbronner, CEO of TravelShark. "With this financing, we will invest in sales, marketing, and new product development to leverage our new consumer-friendly brand and our traction with travel suppliers and consumers."

More than 600 hotels, hotel brands, hospitality companies, and interactive marketing agencies in more than 20 countries now participate in TravelShark's Featured Hotel Program to promote global visibility and generate direct booking revenues at an attractive ROI. Featured Hotel partners include Intercontinental Hotels Group, MGM Resorts, Highgate Holdings, TIG Global, and many others.

"We have increased our investment in TravelShark because we are excited about the company's momentum, and we believe that the additional capital will fuel even more rapid growth," said David Leppan, Chairman of DLA Holdings. "TravelShark is providing a new direct online distribution channel to hotels and other travel verticals, and with the new brand in place, the company is looking to extend its offerings beyond travel suppliers to consumers with a host of timely new products."

For more information, please visit http://www.TravelShark.com.

About TravelShark:
TravelShark (formerly Swiftrank) is the world's largest online travel network, with more than 12,000 location-based travel websites for destinations around the globe. TravelShark's optimized websites facilitate transactions from more than 100 countries, generating profitable revenue for travel companies by driving direct bookings to hotels, resorts, spas, and more through its Featured Hotel Program. The TravelShark network includes major-market, content-rich sites like www.LasVegasHotels.com, www.SingaporeHotels.com.sg, and www.HotelLondon.com. TravelShark is headquartered in Singapore, with a U.S. office in Boulder, Colorado. To learn more about how TravelShark can work for your property or travel company, please visit www.travelshark.com, call toll-free 866-308-7265 or +1-720-239-1285.

About DLA Holdings:
DLA Holdings is a Singapore-based private equity firm headed by seasoned executive David Leppan. Mr. Leppan founded World-Check, the leading global provider of highly structured risk intelligence, in 2000. In 2011, after four years in which Mr. Leppan served as Chairman, the company was sold to Thomson Reuters in May 2011. DLA Holdings also is the lead investor in Wealth-X, a service-based intelligence tool that connects private wealth managers, luxury brands, not-for-profits and education professionals to 150,000+ ultra high net worth (UHNW) individuals around the world.

[Attachments] See images for this press release:

ELSE PRESS RELEASES FROM THIS DATE:

Epicure Digital Menu Boards with Nutritional Labeling featured at the Southwest Foodservice Expo in Texas

2011-06-25

Epicure Digital, a leader in digital menu boards, presents the Epicure Digital Menu System with special emphasis on nutritional labeling at the Texas Restaurant Association Southwest Foodservice Expo, Dallas Convention Center, Dallas, Texas, June 26-28, 2011, Booth #611 with Brad Waller & Associates Epicure Digital custom designs highly graphical digital menu board systems to solve your complex menu and point-of-sale marketing issues. Epicure Digital specializes in developing nutritional menu labeling systems to educate and inform customers to make healthier ...

Grauer Science Students Receive Top Global Award

2011-06-25

The Grauer School Destination ImagiNation (DI) Team comprised of Michael Burton ('12), Alex Guy ('12), Charlotte Burton ('13) and Alex Klopak won an Outstanding Award in the Dynamic Network Project Outreach, Secondary Level Category at the 2011 annual world championships held in May in Knoxville, TN. The team's topic "A Really Obscure Word" achieved the highest score internationally in the category of Dynamic Network, Secondary Level. This Challenge had two components: Primarily, the team designed and carried out a project to address a community need and integrated ...

Red Carpet Events LA, 3Wolves Productions, Little Yellow Zpot & Amy Martinson of Beverly Hills Invite Media and Press to Cover the Red Carpet Style Lounge in Honor of the 2011 Post Emmy Daytime

2011-06-25

Red Carpet Event LA, 3Wolves Productions, Little Yellow Zpot & Amy Martinson of Beverly Hills Invite Media and Press to Cover the 2011 Red Carpet Style Lounge in Honor of the 2011 Post Emmy Daytime Awards Various nominees, celebrities, directors and writers are expected to attend Red Carpet Events LA Red Carpet Style Lounge. Event details: Date: Saturday June 25 2011 Location: SLS Hotel Ballroom 465 South La Cienega Boulevard Los Angeles, CA 90048 Time: 11am-7pm MEDIA RSVP to: rsvpredcarpetevent@yahoo.com Red carpet all day This luxurious ...

Servcorp Offers Online Makati Office Space, Business Continuity Plan

2011-06-25

Servcorp Philippines is offering emerging SMEs and expanding multinational corporations a serviced office experience with exclusive access to a dedicated online platform. This strategy by the world's biggest rented business space solution provider also lets businesses supplement business continuity and resiliency plans. By giving clients access to a portfolio of business tools, the online solution puts enterprises in control of all contracted services in the event of disaster such as fires, earthquakes, floods, or national incidents like pandemic illnesses. Moreover, ...

Argentina's Hotel Design cE Earns TripAdvisor's Certificate of Excellence

2011-06-25

There is an adage that goes: What others say about you is more important than what you say about yourself. This is especially true when it comes to accommodations where ultimately it's the guests who will evaluate if the hotel they went to is as good as advertised. And true enough, a charming boutique hotel in Buenos Aires, Argentina has passed this test with flying colors. Hotel Design cE, with its exceptional services, facilities, and accommodations, has earned TripAdvisor's Certificate of Excellence. This award is given to hotels who have garnered an overwhelming ...

Goldmart.com Offers Free Investor's Kit

2011-06-25

Goldmart.com is now offering a Free Investor's Kit for those interested in starting and /or expanding their precious metals portfolio. Avoid common rookie mistakes and get the information you need to make an educated decision on your next Precious Metals purchase. Goldmart.com's Free Investor's Kit will provide the information and guidance needed to get even first-time investors moving in the right direction. You will receive valuable information and current data, with no fees and zero obligation. Goldmart.com is about educating its customers and providing them with ...

Flirting Convention features How to Flirt Without Appearing to Be in Heat

2011-06-25

Romantic eligibles of all ages are invited to compete for the title of Mr. or Ms. Bay Area Flirt, at the annual Bay Area Flirting Convention, Friday, July 15, 2011, 7:30pm-Midnight, at the Crowne Plaza Hotel, 1221 Chess Dr, Foster City CA 94404. The Convention features a Flirting Contest, where attendees compete, en masse, in a crowded hotel ballroom. The world's first Flirting Convention, also held in the San Francisco Bay Area, was featured on Oprah (video available at http://www.richgosse.com/media.htm). Since then, the conventions have been wildly popular in major ...

Colorado Institute for Drug, Device and Diagnostic Development Awards Funding to Fort Collins-based VetDC

2011-06-25

The Colorado Institute for Drug, Device and Diagnostic Development (CID4), a 501(c)(3) not-for-profit entity focused on advancing the Colorado life science ecosystem through company creation and job growth, has selected Ft. Collins, Colorado-based Veterinary Emerging Technologies Development Corporation (VetDC) to receive funding and management assistance. VetDC in-licenses, develops and commercializes technologies to address serious unmet medical needs in companion animals. The announcement is made by Kevin M. Smith, CID4 President & CEO, who says, "CID4 is ...

San Diego Philanthropist and CEO Leads Efforts to Raise $1 Million This Summer to Help Build a New Campus for Local Public School for Children Impacted by Homelessness

2011-06-25

Continuing nearly a decade of ongoing support, Bluepoint Solutions, a Vista-based company offering item capture and payment processing solutions for credit unions and banks, and its CEO, Hal Tilbury, are challenging the Southern California region to a donation match program in support of Monarch School, the San Diego public K-12 school for children impacted by homelessness. Bluepoint Solutions and the Tilbury family are matching community donations made between today and Sept. 23, the first day of autumn, up to $500,000. In total, the donation challenge aims to raise a ...

NovaStor's New Media Management Lowers Work Load and Storage Costs for the Protection of Networks and Data Centers

2011-06-25

Data protection specialist NovaStor launches version 4.5 of NovaBACKUP DataCenter software for heterogeneous networks, data centers, and sophisticated IT environments in SMEs and large enterprises. The latest version bundles a new set of features for efficient and cost-effective use of private cloud storage models. Media Management and Staging Supports Private Cloud Storage Models NovaBACKUP DataCenter 4.5 extends the centralized management of storage media for data backup and restore to multiple locations. External media pools at different sites can be easily integrated ...