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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 staff.”

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 www.travelocity.com. Travelocity is owned by Sabre Holdings Corporation (NYSE:TSG), a world leader in travel commerce. More information about Sabre Holdings is available at www.sabre-holdings.com.

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 site: http://www.TechnoServe.org.

SOURCE: Travelocity

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

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