Panpac Unveils Unique Internet-Powered Leisure and Travel Business

ZingASIA, a unit of Panpac Limited, and the world’s first Asia-centric and content-rich Internet-powered travel marketing and e-commerce company, today announced strategic partnerships with ABACUS and Travel.World.Net.
This partnership provides ZingASIA with booking engines and travel-related e-commerce capabilities to allow web visitors to book flights, tour packages, car rentals and accommodation online.

The strategic partnerships are intended to support the company`s aggressive expansion plans to capitalise on world-wide growth opportunities in the online travel and leisure industry.
“Partnering with ABACUS and Travel.World.Net allows ZingASIA to bring our travel e-commerce offerings to the market quickly. This arrangement allows us to deploy our scarce resources to where we bring the most value to our customers and suppliers - namely, our unique and innovative travel marketing based on our rich media and content” said Paul Chong, Executive Director and Chairman of the Executive Board of ZingASIA. “People travel because they have read stories, seen pictures or videos, or hear from others about how exciting a particular place is. The ZingASIA concept is about using editorial content to entice people to travel - to market travel destinations, and selling travel products to fulfil that ‘dream travel’. While ZingASIA will have the “hottest deals” from time to time, like all other travel websites, our emphasis is on the unique ZingASIA experience,” Mr Chong further explained.
When the ABACUS and Travel.World.Net systems come ‘live’ at ZingASIA on 19 December 2000, visitors to will be able to book air-tickets, accommodations and tours into seven countries across the Asia Pacific. More and new Asia-Pacific destinations will be added every month.
“With the introduction of our online travel offering, ZingASIA’s revenue is expected to grow significantly, thereby, reducing our net cash burn-rate substantially. And, we hope to achieve profitability within the next 12 months,” added Mr Chong.