Travelocity’s President and CEO Michelle Peluso Joins TechnoServe’s Board of Directors

Entrepreneurial U.S. Business Leader Will Help Guide Non-Profit’s Work — Mentoring Entrepreneurs and Assisting Them to Build Businesses That Create Jobs, Income and Economic Growth in Developing Countries

SOUTHLAKE, Texas & NORWALK, Conn., Apr 11, 2005 (BUSINESS WIRE) — TechnoServe Chairman Paul E. Tierney, Jr. announced today that
Michelle Peluso, Travelocity’s President and CEO, has become the
newest member of TechnoServe’s Board of Directors.

Ms. Peluso, who has been at the helm of Travelocity since December
2003, is widely recognized as a top business leader, innovator and
entrepreneur. The Wall Street Journal ranked her #4 on its “50 Women
to Watch” list in November 2004; that same year Ms. Peluso was named
to Fast Company Magazine’s “Fast 50,” an annual survey that recognizes
50 leaders, innovators and technology pioneers. She was also named the
“Ernst and Young Entrepreneur of the Year” award winner in 2002, and
the “2001 Technology Person of the Year” by Travel Agent Magazine.

“We’re all delighted that Michelle has joined TechnoServe’s Board
of Directors,” said Chairman Tierney. “Michelle’s talent, experience
and energy are a wonderful fit for TechnoServe and the unique work
that we do — assisting entrepreneurs and creating successful
businesses in developing countries.”

“TechnoServe is doing incredibly innovative work to eliminate
poverty in developing countries,” said Michelle Peluso. “What
impresses me most is TechnoServe’s market-driven approach, assistance
to entrepreneurs, and emphasis on cost-effective and sustainable
solutions. I’m very pleased to be joining this important effort and
look forward to working with my fellow Board members and TechnoServe’s

About Travelocity

Travelocity’s industry-leading technology and straight-talking,
honest information help travelers take more rewarding and affordable
trips. With millions of registered users and booking $4.9 billion of
travel in 2004, Travelocity(R) negotiates thousands of low-priced
deals with the world’s most reputable travel providers — top
airlines, hotels, car rental companies, cruise lines, and other
destination attractions and services. Additionally, Travelocity offers
deeply-discounted rates for weekend getaways and dynamic packages
through its Last Minute Deals and TotalTrip(SM) shopping engines, and
provides customer service support over the phone 24 hours a day. Based
in Southlake, Texas, Travelocity also operates Travelocity
Business(SM) for corporate customers, powers international travel Web
sites in eight languages, and has been recognized for its consumer
advocacy and global leadership in online travel. More information
about Travelocity is available at Travelocity is
owned by Sabre Holdings Corporation (NYSE:TSG), a world leader in
travel commerce. More information about Sabre Holdings is available at

About TechnoServe

Founded in 1968, TechnoServe helps entrepreneurial men and women
in poor rural areas of the developing world to build businesses that
provide jobs, income and economic opportunity. TechnoServe currently
works in El Salvador, Honduras, Nicaragua, Peru, Ghana, Kenya,
Mozambique, South Africa and Tanzania. TechnoServe was recognized as
one of the world’s “10 Most “Outstanding Social Entrepreneurs for
2004” by the Schwab Foundation for Social Entrepreneurship, founded by
the creator of the World Economic Forum in Davos, Switzerland. Web

SOURCE: Travelocity

Vollmer Public Relations
Judy Haveson, 212-554-7425
Sie Soheili, 972-488-4790
Mara Neville, 203-899-3154