StarTek, Inc. SRT has signed a portal agreement for Airlines.com, with Hotwire.
Airlines.com is a world-class domain name owned by Domain.com, Inc., StarTek`s wholly owned Internet subsidiary. The specific terms of the agreement were not disclosed, but StarTek will receive a cash fee for each visitor redirected from its site to the Hotwire.com site. This deal is the second use of the portal business model, which capitalizes on domain names in the company`s Internet name portfolio. StarTek retains full ownership of the trademark rights to the Airlines.com brand name and the web site address.
A. Emmet Stephenson, Jr., Chairman of StarTek, said: “We are very pleased to have concluded this agreement with an outstanding Internet company that has all the resources and expertise we believe are needed to succeed in this market niche. This deal will be immediately accretive to our earnings and utilizes a business model that has an excellent reward/risk profile for StarTek.”
Launched in October 2000, Hotwire is one of the fastest-growing online travel sites, becoming a top-five travel site in its first year. Hotwire`s customer is the cost-conscious leisure traveler—someone who is willing to trade flexibility for steep discounts. By asking customers to be flexible on certain details like exact flight time or airline, Hotwire saves 40% or more off published fares and rates. Hotwire is partnered with 33 major airlines, including founding airline partners American, America West, Continental, Northwest, United and U.S. Airways; 2000 hotels and several top car rental companies.
StarTek, Inc., headquartered in Denver, Colorado, combines two of today`s most outstanding business opportunities—our established position as a leading global provider of outsourced process management services and ownership interests in proprietary Internet web site businesses arising from a portfolio of world-class brand Internet domain names. Our integrated outsourced process management services include provisioning management for complex telecommunications systems, high-end inbound technical support, E-commerce support and fulfillment, Internet support, and a comprehensive offering of supply chain management services. StarTek has six facilities in Colorado, three in Canada, and one each in Oklahoma, Tennessee, Texas, and Wyoming. The company`s pan-European services are performed from its facility in the United Kingdom, while Asian operations are based in Singapore. The company`s clients are in the software, Internet, E-commerce, technology and communications industries; however, it is also targeting financial services, health care, and certain consumer products companies.