Press Release.
Stephen L. Carroll
Senior Director, Product Marketing, TRX, Inc.
Phone: 214-346-4758
Email: stephen.carroll@trx.com
Stephen L. Carroll
Senior Director, Product Marketing, TRX, Inc.
Phone: 214-346-4758
Email: stephen.carroll@trx.com
| TRX Awarded Third Year Contract with U.S. General Services Administration |
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| Solid Performance Secures Renewal of Travel Data Reporting Contract with U.S. Federal Government |
Atlanta, 6 March 2009 — TRX, Inc. (NASDAQ: TRXI), a global leader in travel technology and data services, today announced the renewal of its contract with the U.S. General Services Administration (GSA) for the third year of the five-year agreement. TRX was awarded the contract renewal based on its proven success delivering commercial data aggregation services and Web-based reporting tools to the GSA. The five-year agreement is renewed annually based on TRX’s previous year’s performance.
“We are excited to continue our relationship with the GSA to provide this government-wide tool that truly impacts the bottom line,” said Shane Hammond, President and CEO of TRX. “This performance-based contract renewal validates our solid performance and demonstrates our continued commitment to provide superior travel data reporting technologies and services and or build a long-term partnership with the government.” The TRX data intelligence solution provides the ability to capture and aggregate comprehensive travel data into actionable reports every federal agency can utilize. The solution provides transparency into travel spending, policy compliance, and regulatory report generation, such as premium class travel. The GSA is currently using the TRX tool to consolidate travel data from multiple travel agencies and is expected to include data from the E-Gov Travel Services (ETS), travel cards, and direct travel suppliers in the near future. Through the GSA’s password protected Web site, travel managers can access 14 standard reports and 16 custom reports to gain insight into policy compliance and cost savings opportunities. This actionable business intelligence enables the U.S. government to more effectively negotiate supplier contracts, improve the efficiency and effectiveness of travel policy and programs, and provide more detailed and accurate information to federal agencies and stakeholders. The TRX data intelligence solution is currently servicing the U.S. Department of Health and Human Services, the National Science Foundation, the GSA, and the U.S. Department of Veterans Affairs. At least 20 federal agencies are expected to utilize the tool by the end of fiscal year 2009. |