TRXI: Merged with Thessaloniki Corporation; Refer to the Merger Agreement for the specific terms of the merger consideration. Deletion Time: 8:49:54

http://www.otcbb.com/asp/dailylist_detail.asp?d=07/16/2013&mkt_ctg=NON-OTCBB

TRX Chairman Trip Davis to be Featured as Moderator at GBTA Sports Conference
| 3:47 PM | By PR Newswire Association LLC. |




ATLANTA, July 18, 2011 /PRNewswire/ -- TRX, Inc. (www.trx.com) (OTCQB: TRXI), a world-leading provider of travel technology, process automation, consulting and data services today announced that Trip Davis, Co-Founder and Chairman, TRX, Inc., will moderate several panels at the GBTA Sports Conferenc
Related News: Similar Content, By PR Newswire Association LLC., Trade Show http://www.prnewswire.com/news-releases/trx-chairman-trip-davis-to-be-featured-as-moderator-at-gbta-sports-conference-125770193.html#rssowlmlink

hilarious, not one post since 2008, came back with a vengeance today.

Corporate Sales Help Drive Quarterly TRX Revenue

NOVEMBER 14, 2008 -- TRX's third-quarter adjusted data reporting revenues are up 17 percent year-over-year due to higher direct corporate sales and the exclusion of Citibank data reporting engagements, the travel technology company's executives today announced during an earnings call. Meanwhile, the company has lightened its expectations for full-year 2009 amid some revenue shortcomings and third-quarter net income losses attributed to the whirlwind economy.

Over the past several months, TRX has pulled away from its labor-intensive outsourced services and processing relationships with its five largest clients, which until recently drove 80 percent of its revenue, according to TRX president and CEO Trip Davis. In the second quarter of 2009, Citibank purchased a non-exclusive license for TRX's DataTrax reporting tool and migrated TRX-supplied outsourced services in-house. Including Citibank, data reporting revenues decreased 17 percent year-over year to $3.5 million.

Although TRX maintains more limited relationships with its top five clients, including American Express, Citibank and Expedia, its move to hosted software as a service business model has enabled the company to further penetrate the direct corporate market. From the start of the third quarter, TRX has 23 new accounts, the majority of which are corporate travel programs, Davis said.

"We are reducing our reliance on per ticket processing and increasing what we hope to be positive exposure to software subscription and usage based revenue by our clients. That way, when you see the ups and downs of travel transactions, we should have our exposure to that mitigated compared to other companies that might be purely exposed to the number of tickets or hotel rooms," Davis told Business Travel News. "It's enabled us to refocus that entire team on serving the corporate travel marketplace for data reporting and data analytics."

Despite its corporate sales success, CFO David Cathcart said TRX continued "to aggressively navigate all elements [expenses] downward." During the quarter, operating expenses decreased 15 percent to $12.1 million. Capital expenditures, which include money allocated for long-term growth projects, are down 68.2 percent. Davis said the company next year will "hold firm" on technology development, which dropped 12.8 percent to $3.0 million in the quarter.

Davis would not disclose plans for headcount reduction. He said the company has about 800 employees worldwide, including 250 in Bangalore, India.

Transaction processing revenues, which includes those generated from TRX's Correx mid-office software platform and the ResX online booking tool decreased 6.5 percent to $16.1 million in the quarter, "reflecting degradation in both corporate and leisure volumes primarily in the U.S. and consistent with the broad trends present in the global travel industry," Cathcart said. Transaction processing volumes decreased 4.8 percent year-over-year to 20.1 million. The company lost $2.1 million in the quarter, albeit better than the third quarter of 2007 when it lost $3.9 million.

TRX Announces Change in Preparation For 2009
Wednesday September 24, 4:05 pm ET
TRX Emphasizes Product Focus in Travel Technology and Data Services with the Hosted Software Model

ATLANTA, Sept. 24 /PRNewswire-FirstCall/ -- TRX, Inc. (Nasdaq: TRXI - News), a global technology company that develops and hosts software applications to process data records and automate manual processes, announced significant changes to reduce costs and realign resources to leverage the product strategy focused on hosted software development and delivery in travel technology and data services.

"Based on the economic outlook for 2009 and our own previously announced client transitions, we are making changes to ensure the success of our strategic focus on online booking (RESX), reservation processing (CORREX), and data intelligence (TRAVELTRAX and TRX Travel Analytics)," said TRX President & CEO, Trip Davis. "These are hosted technologies with less reliance on large-scale, outsourced processes and services. Our objective is to shorten sales cycles, add more clients, and scale the business."

"The progress in 2008 with the product set, the client base, and the sales pipeline is encouraging," Davis continued. "The changes that we are making now emphasize our clear and desired focus on the technologies where we can lead and grow, delivering value for our clients through automation and analytics. This focus is the heart of our transformation from a labor-intensive outsourcing company to a more nimble and scalable travel technology and data services leader."

"We have a disciplined planning process at TRX, and we are moving decisively to right-size our costs for 2009 and continue investment in our technology product set. Compared to where we began in 2008, we expect our costs in 2009 to be a full one-third lower," said David Cathcart, Chief Financial Officer. "Our projections for the rest of this year are in line with expectations and previously announced guidance for 2008."

TRX and Directravel Advance Existing TRAVELTRAX Relationship Through New Hosting Agreement
Thursday September 11, 9:00 am ET
Hosted environment provides faster, more cost-effective deployment of new data reporting features and functionality

ATLANTA, Sept. 11 /PRNewswire-FirstCall/ -- TRX, Inc. (Nasdaq: TRXI - News), a global technology company that develops and hosts software applications to process data records and automate manual processes, today announced a new agreement with Directravel to provide hosted travel data reporting services via TRAVELTRAX. The contract extends the relationship with TRX for an additional three years.

"Our clients are looking for quick and simple solutions to answer complicated travel questions," said TRX President & CEO, Trip Davis. "The hosted model of TRAVELTRAX provides clients with our latest dashboard technology and access to our expanding data report library. We can deploy new reports, new product features, and new services to our hosted clients in a quicker and more cost-effective manner."

TRAVELTRAX offers reporting packages and dashboards that provide corporate travel clients with the capability to better manage traveler behavior, supplier relationships, and overall travel program policies. The data reporting packages and dashboards operate against pre-trip, post-trip, and credit card data that has been validated, cleaned, and enriched via TRX's robust set of data acquisition software.

"After evaluating the various reporting products on the market, Directravel is excited to have found a partner in TRX," said Pat Fragale, president of Directravel. "The TRAVELTRAX product's real-time web reporting and dashboards will allow us to provide significant enhancements to our clients. And because of our past relationship with TRX, we are confident in their responsiveness and ability to provide configuration so that the product will be exactly what we need it to be."

TRX Releases RESX v8.3
Monday September 15, 9:45 am ET
New Hotel Shopping Enhancement Delivers Significant Increase in Search Results


ATLANTA, Sept. 15 /PRNewswire-FirstCall/ -- TRX, Inc. (Nasdaq: TRXI - News), a global technology company that develops and hosts software applications to process data records and automate manual processes, today announced the release of RESX v8.3.

RESX is a leading online booking tool allowing corporate travelers to create policy-compliant and on-budget travel reservations via a hosted Web interface.

RESX v8.3 features a new innovation in the RESX hotel shopping approach which drives a 10-fold increase in most hotel shopping results. Now business travelers will be presented with more policy compliant hotel selections which all have instant booking availability during the hotel shopping process.

"Delivering enhanced hotel shopping options increases choice for travelers and drives cost savings to corporations," said Shane Hammond, president, RESX Technologies. "More options empower travelers to make the most cost-effective selection when booking travel."

Other features in the RESX v8.3 release include an enhancement to Trip Research allowing travel policy to be applied to saved trip templates, an enhancement to lower fare search logic to more effectively return search results that conform to time of day parameters, and an update to the previously deployed SWABIZ integration enabling the support of requested cities that have alternate airports serviced by Southwest Airlines.

ATLANTA, 14 August 2008 — TRX, Inc. (NASDAQ: TRXI), a global technology company that develops and hosts software applications to process data records and automate manual processes, today reported financial results for the quarter ended 30 June 2008.

Total revenues excluding client reimbursements for the second quarter of 2008 were $37.5 million compared with $24.5 million in the second quarter of 2007. Net income for the second quarter was $13.1 million compared with net loss of ($0.4) million in the second quarter of 2007. Net income per diluted share was $0.71 compared to net loss per diluted share of ($0.02) for the second quarter of 2007.

Revenues from transaction processing services for the second quarter of 2008 decreased to $16.5 million from $17.7 million in the second quarter of 2007. Revenues from data reporting services were $21.0 million, compared with $6.8 million in the prior year.

Adjusted revenues for the second quarter of 2008 were $27.6 million compared with $24.5 million in the second quarter of 2007. Adjusted revenues from data reporting services were $11.0 million, compared with $6.8 million in the second quarter of 2007. Adjusted revenues exclude $10.0 million of recurring data reporting services provided to Citibank which were required to be deferred under US GAAP until the Company’s sale of a non-exclusive DATATRAX license. The license sale occurred on April 30, 2008. Adjusted EBITDA was $6.0 million for the quarter, compared with $2.7 million in the second quarter of 2007.


“Our business is delivering as expected thus far in 2008,” said TRX President & CEO Trip Davis. “Our team did a great job assisting Citibank in migrating their platform this quarter, delivering $4.5 million for our stakeholders. The Citibank relationship continues to be an important one for us, and this new phase is off to a good start. Organic volumes in transaction processing are moderating in this tough economic environment, as we expected, and we continue to project that data reporting and new client additions will largely offset those challenges this year.”

Based upon its expectations, TRX reiterated its guidance for fiscal 2008, inclusive of the $4.5 million DATATRAX license sale referred to above:

* Adjusted revenues of $92 to $95 million, of which $20 to $23 million is from data reporting.
* Adjusted EBITDA of $8 to $10 million.
* Capital expenditures of $7 to $8 million.


Use of Non-GAAP Financial Measures
TRX provides financial measures and terms not calculated in accordance with accounting principles generally accepted in the United States (GAAP). Presentation of non-GAAP measures such as Adjusted Revenue, Adjusted Data Reporting Revenue, EBITDA and Adjusted EBITDA provide investors with an alternative method for assessing our operating results in a manner that enables investors to more thoroughly evaluate our performance. These non-GAAP measures provide a baseline for assessing the company’s future earnings expectations. TRX management uses these non-GAAP measures for the same purpose. The non-GAAP measures included in this release are provided to give investors access to the types of measures that we use in analyzing our results.

Adjusted Revenue and Adjusted Data Reporting Revenue consist of GAAP transaction and other revenues, adjusted for the revenue earned from Citibank for providing routine services, which was required under US GAAP to be deferred until the sale of a software license to Citibank was complete, which occurred on April 30, 2008. The deferral of revenue recognition was required in the absence of vendor-specific objective evidence of the fair value of the license. Management uses Adjusted Revenue and Adjusted Data Reporting Revenue as additional measures for evaluating the performance of the business, because the pricing for and level of routine services currently being provided to Citibank are equivalent to those provided to Citibank before the arrangement to sell a license was consummated in July 2007.


EBITDA consists of GAAP net income (loss) adjusted for the items included in the accompanying reconciliation. EBITDA provides useful information to investors about the Company’s performance because it eliminates the effects of period to period changes in the cost associated with capital investments and interest expense. Adjusted EBITDA consists of EBITDA adjusted for the items included in the accompanying reconciliation. EBITDA and Adjusted EBITDA do not give effect to the cash the Company must use to service its debt or pay its income taxes and thus do not reflect the funds generated from operations or actually available for capital expenditures.

TRX’s calculation of Adjusted Revenue, Adjusted Data Reporting Revenue, EBITDA and Adjusted EBITDA is not necessarily comparable to similarly titled measures reported by other companies. These non-GAAP measures may be considered in addition to results prepared in accordance with GAAP, but should not be considered a substitute for or superior to GAAP results. Schedules that reconcile Adjusted Revenue, EBITDA and Adjusted EBITDA to GAAP net income (loss) are included with this release.

TRX and ExpenseWire Partner to Deliver Integrated Travel & Expense Management Solution
Monday July 28, 11:01 am ET
New Offering Helps Organizations Better Control and Manage Expenses

ATLANTA, WOOSTER, Ohio and LOS ANGELES, July 28 /PRNewswire-FirstCall/ -- At the National Business Travel Association (NBTA) International Convention and Exposition, TRX Inc. (Nasdaq: TRXI - News), a global technology company that develops and hosts software applications to process data records and automate manual processes, and ExpenseWire, a Rearden Commerce company, today announced the two companies have partnered to deliver an integrated expense and travel management solution for customers using RESX, TRX's corporate travel booking application. Available now, the integrated solution improves companies' visibility into employee spending and their ability to cut costs, while providing employees the convenience of submitting their expense reports online.

RESX is a Web-based, self service application that enables business travelers and travel arrangers to create policy-compliant air, car and hotel reservations. RESX's robust administration module enables travel management companies and corporate travel managers to tightly manage policy, site customization and user settings. ExpenseWire's on-demand software simplifies and streamlines the process of filing, reviewing, approving and reimbursing employee expense reports online. The integrated solution delivers valuable company and employee benefits for travel, procurement and finance professionals that include:

-- Reducing employee spending by communicating and enforcing spending policies from the point of purchase to the expense report.

-- Identifying discrepancies between booked and actual charges and flagging employee fraud and overbilling by suppliers.

-- Pre-populating expense reports automatically with travel and credit card transaction data, so employees spend less time completing expense reports and waiting for reimbursement.

"We are excited about our partnership with TRX, and the opportunity to bring the benefits of ExpenseWire's integrated expense management solution to thousands of RESX customers and millions of employees nationwide," said Andrew Vaeth, President of ExpenseWire.

"This technology integration is representative of our approach to delivering freedom of choice to customers in terms of integrated technology solutions in the travel and expense management space," said Shane Hammond, president of RESX Technologies. "Through our partnership with ExpenseWire we are pleased to offer our RESX clients yet another expense management option."

TRX Introduces Hotel Analytics
Thursday July 24, 2:59 pm ET
Solution Complements Industry-Leading Air Analytics Offering for Corporate Buyers

ATLANTA, July 24 /PRNewswire-FirstCall/ -- TRX, Inc. (Nasdaq: TRXI - News), a global technology company that develops and hosts software applications to process data records and automate manual processes, announced today the release of Hotel Analytics, a complementary product offering to the TRX Travel Analytics airline sourcing tools and services. Hotel Analytics offers pre-bid diagnostics to optimize hotel bid lists, identify savings opportunities, and reduce costs. The solution provides a unique approach to the industry's challenge of consolidating multiple data sources, numerous destinations, and various hotel service levels.
"Hotel Analytics is a logical next step in offering our clients the best in reporting and analytical tools to manage their corporate travel spending," said TRX President & CEO, Trip Davis. "With global hotel demand on the rise and hotel rate and dynamic pricing models becoming more complex, we have addressed the corporate travel managers' needs with the same level of expertise and innovation we bring to the airline procurement space."

A key feature of Hotel Analytics is the identification of hotels in relation to a client's concentrated spend through an enhanced geo-coding and clustering methodology that helps identify pre-sourcing saving opportunities. Additional benefits of Hotel Analytics include:


-- Ability to evaluate and negotiate better hotel supplier rates
-- Quantification and tracking of savings for hotel program spend
-- Improvement of travel program policies and traveler practices


TRX Travel Analytics offers deep category expertise and unbiased support to corporations that wish to actively manage travel procurement and spend analysis. Using innovative and patented technologies to power its travel analytics services, the solution helps travel and procurement managers make smart decisions about their suppliers and travel policies, with a focus on achieving practical savings.

TRX Awarded Patent for Data Technology Tool Used by Corporate Buyers to Analyze Airline Bids
Wednesday July 23, 11:40 am ET
Analytical Modeling Offered with TRX Travel Analytics Engagements

ATLANTA, July 23 /PRNewswire-FirstCall/ -- TRX, Inc. (Nasdaq: TRXI - News), a global technology company that develops and hosts software applications to process data records and automate manual processes, announced today it has been issued a U.S. patent for a tool used in analyzing corporate airline bids. The patent covers elements essential to the advanced analytical modeling used on bids made by airlines to corporate accounts.

"This patent is an excellent example of the value of TRX innovation and the Travel Analytics acquisition. It validates our domain expertise in travel data technology, transforming data into insights," said TRX President & CEO, Trip Davis. "We are applying the technology and enabling corporate buyers to leverage better insights when negotiating with travel suppliers and managing their travel programs."

TRX uses the patented tool in nearly all of the TRX Travel Analytics engagements. The methods covered by the patent give TRX's corporate clients analytical models based on their own travel data. The clients then use the analytics to negotiate their agreements with travel suppliers. The methods have been extended into the TRAVELTRAX data reporting dashboard technology, benefiting corporate clients using TRAVELTRAX for corporate travel data reporting.

TRX was awarded U.S. Patent 7,401,029 on July 15, 2008.

TRX Introduces New TRAVELTRAX Data Quality Technology
Monday July 21, 1:01 pm ET
Customer-focused initiative yields new technologies to enhance the accuracy of corporate travel data

ATLANTA, July 21 /PRNewswire-FirstCall/ -- TRX, Inc. (Nasdaq: TRXI - News), a global technology company that develops and hosts software applications to process data records and automate manual processes, today announced the release of Hotel Name Normalization and Data Scorecard, as elements of its TRAVELTRAX solution. These new data technologies help clients significantly improve the accuracy of their corporate travel data within the TRAVELTRAX customer reporting library. TRX recently piloted both Hotel Name Normalization and Data Scorecard with Proctor & Gamble (P&G) through a joint project with IBM.

"For global companies that have several different suppliers worldwide, TRX is unique in offering data consolidation, data scoring, and reporting independence," said TRX President & CEO, Trip Davis. "Data consolidation combined with the configuration capabilities of the reporting provide significant value for a global client like P&G."

TRAVELTRAX Hotel Name Normalization addresses the widespread inconsistencies of hotel property names across all customer data sources. When the normalization process is applied to customer data feeds, hotel property names are converted to a standardized structure for consistent reference and reporting. Duplicate or mismatched hotel records are normalized and tagged appropriately. Inconsistent information is consolidated into one standardized record. The technology significantly improves the reporting accuracy with a hotel name match rate of 95% or greater for all new hotel property name data.

TRAVELTRAX Data Scorecard monitors over 60 specific travel data elements and addresses low quality sourcing data through a detailed, configurable report. Anomalous data elements from the original source data and any missing or incorrect components are flagged by the Scorecard, giving the TRX client the opportunity to take these results to the originating data source and then rectify the problem. Proactively using the Data Scorecard to improve the quality of source data creates accountability for travel industry suppliers and vendors. The final outputs of these reports can be leveraged in supplier negotiations.




surf's up......crikey

TRX to Provide Access to Southwest Airlines' 'SWABIZ' Content in RESX Via BookingBuilder Integration
Wednesday July 9, 10:51 am ET
Expanded Content Offering Improves Traveler Choice and Drives Savings to Corporations Using RESX

ATLANTA and MAHOPAC, N.Y., July 9 /PRNewswire-FirstCall/ -- TRX, Inc. (Nasdaq: TRXI - News), a global technology company that develops and hosts software applications to process data records and automate manual processes, and BookingBuilder Technologies, a leading global provider of access to travel products for agencies and corporate bookings, today announce the completed integration of BookingBuilder's SWABIZ content connection into RESX.

RESX is TRX's web-based, self-service application that enables business travelers and travel arrangers to create policy-compliant air, car, and hotel reservations.

SWABIZ integration provides access to Southwest Airlines' content for the RESX network of users, including internet-only specials previously only available on SWABIZ and Southwest.com . Now RESX users can shop and book Southwest content as part of the normal shopping process.

"Adding Southwest content is the latest advancement in our strategy to continuously add to the breadth and depth of our content," said Shane Hammond, president, RESX Technologies. "Our integration with BookingBuilder's SWABIZ connection functionality allows us to provide this content independent of any GDS connection, so all of our customers will have access regardless of GDS usage."

"We are pleased to have RESX as the most recent corporate online booking tool to integrate with our new SWABIZ connection functionality," said Seth Perelman, CEO of BookingBuilder Technologies. "Many corporations have embraced SWABIZ as the booking platform of choice for their Southwest bookings, and they now have it available as an option through RESX, one of the most popular and successful corporate online booking tools on the market. Having full content available for the largest domestic carrier will help the RESX corporate accounts save money and ensure informed decision making regarding air travel choices."

RESX and BookingBuilder Technologies plan to make the content available to current RESX users in late July 2008 and will demonstrate the new integration at the annual NBTA International Convention & Exposition held July 27 -- July 30, 2008.

30-Jun-2008

Termination of a Material Definitive Agreement

Item 1.02 - Termination of a Material Definitive Agreement.
On June 30, 2008, TRX Technology Services, L.P. ("TRX Technology"), a wholly-owned subsidiary of TRX, Inc. ("TRX" or the "Company") and BCD Travel USA LLC (formerly known as WorldTravel Partners I, LLC) ("BCD Travel") provided mutual notice of the parties' intent not to renew the Amended and Restated Master Agreement dated January 1, 2006, by and between TRX Technology and BCD Travel, as amended (the "Master Agreement"). The parties are in discussions regarding a new contract for TRX services, and the six-month notice is required pursuant to Section 14.2 of the Master Agreement. As a result of the notice, the Master Agreement will expire by its terms on December 31, 2008, and will not automatically renew for an additional one (1) year term.

Under the terms of the Master Agreement, TRX provides services related to online booking and reservation processing for BCD Travel and BCD Travel's global partners. The description of the Master Agreement is qualified in its entirety by reference to the Master Agreement filed as Exhibit 10.1 to the Company's quarterly report on Form 10-Q filed May 4, 2006 and Amendment 1 to the Master Agreement dated March 20, 2008 filed as Exhibit 10.1 to the Company's quarterly report on Form 10-Q filed May 2, 2008, and are incorporated herein by reference




surf's up......crikey

Form 8-K for TRX INC/GA
5-Jun-2008
Entry into a Material Definitive Agreement, Termination of a Material Definitive Agree

Item 1.01 - Entry into a Material Definitive Agreement.

On May 30, 2008, TRX, Inc. ("TRX", the "Company", "we" or "our") entered into a three year Credit Agreement, by and among the Company, as borrower, and Atlantic Capital Bank ("ACB"), as lender (the "Credit Agreement"). This Credit Agreement matures on May 30, 2011 and contains substantially the same terms and conditions of our previous credit facility.

The Credit Agreement provides for a senior secured revolving credit facility with aggregate principal commitments not to exceed $10.0 million, which will include a $2.0 million letter of credit subfacility. On May 30, 2008 TRX borrowed approximately $1.3 million against this facility to pay down the outstanding balance of its existing facility, which was terminated. A loan under the Credit Agreement may be a Base Rate loan or a LIBOR loan, at the option of the Company. Interest under the Credit Agreement accrues at Base Rate (Prime Rate) or LIBOR (plus 0.50 % for Base Rate Loans and 2.50% for LIBOR Loans) for the revolving credit facility. For letters of credit, the letter of credit fee is equal to the Applicable Rate (as defined in the Credit Agreement) times the daily amount available to be drawn under the letter of credit. Base Rate is the Prime Rate announced publicly by ACB from time to time. Overdue amounts bear a fee of 2% per annum above the applicable rate.

The Credit Agreement requires the Company to meet certain financial tests, including a consolidated leverage ratio (as defined) and a fixed charge coverage ratio (as defined). The Credit Agreement also contains additional covenants which, among other things, require the Company to deliver to ACB specified financial information, including annual and quarterly financial information, and limit the Company's ability to (or to permit any subsidiaries to), subject to various exceptions and limitations, (i) merge with other companies, (ii) create liens on its property, (iii) incur debt obligations, (iv) enter into transactions with affiliates, except on an arms-length basis, and (v) dispose of property.

Item 1.02 - Termination of a Material Definitive Agreement.

In connection with its entry into the Credit Agreement, TRX terminated its existing $10.0 million credit facility with Bank of America, N.A. which was scheduled to mature in April 2009. There were no prepayment penalties related to terminating this credit facility.

CyberShift and TRX Partner to Deliver Integrated Expense and Travel Management Solution
Monday May 19, 7:00 am ET

CyberShift's Expense Management Solution Combined With TRX's RESX Booking Application Helps Companies Increase Compliance, Improve Traveler Satisfaction and Lower Costs

PARSIPPANY, NJ and ATLANTA, GA--(MARKET WIRE)--May 19, 2008 -- CyberShift, a leading global provider of workforce management and expense management software and services, today announced a partnership with Atlanta-based TRX, a global technology company that develops and hosts software applications to process data records and automate manual processes. Under the terms of the agreement, CyberShift will offer its automated expense management solution, Necho Expense(TM), with TRX's corporate travel booking application, RESX. This joint solution delivers access to key reporting data without adding extra steps or tasks when employees book travel or submit an expense report. The combination of these two best-of-breed solutions automatically ensures that travel arrangements are within budget and aligned with corporate travel policies.

RESX is a Web-based, self-service application that enables business travelers and travel arrangers to create policy-compliant air, car, and hotel reservations. RESX's robust administration module enables travel management companies and corporate travel managers to tightly manage policy, site customization and user settings.

As a result of this relationship, CyberShift's robust back-end reporting portal is leveraged to consolidate booked transaction data from RESX and actual business expense data from Necho Expense. The consolidation of this data into one central repository gives organizations visibility into their employees' business expenses so that they can take proactive steps to maximize the use of preferred suppliers and reduce overall spend through improved policy compliance and communication. With the combined capabilities of Necho Expense and RESX, administrators in accounts payable, finance, procurement, travel and other key departments can access detailed reports and analytics including:


-- variance reports that identify booked expenses versus actual expenses;
-- total spend booked but not expensed;
-- total spend expensed but not booked;
-- matched transactions and users not using the booking tool.

Shane Hammond, president of RESX Technologies, said, "The partnership between CyberShift and RESX gives our clients a powerful online solution that is truly complete, from planning and booking a business trip straight through to processing expense reimbursement. The solution is easy to manage and enables business travelers to make sure their travel plans and expenditures are within corporate guidelines and budgets, and that their associated expenses can be quickly and accurately processed."

CyberShift's CEO, Robert Farina, said, "For many organizations integrating the information associated with the travel booking and expense reimbursement processes is vital to taking control of their business travel and entertainment expenses. CyberShift's partnership with TRX enables our joint customers to proactively manage these two areas in a highly flexible, open platform. We believe this partnership provides an innovative set of applications and long-term value to our clients."

TRX Names William A. Clement, Jr. to Board of Directors
Wednesday May 7, 2:00 pm ET

ATLANTA, May 7 /PRNewswire-FirstCall/ -- TRX, Inc. (Nasdaq: TRXI - News), a global technology company that develops and hosts software applications to process data records and automate manual processes, today announced the appointment of William A. Clement, Jr. to the Company's Board of Directors. He will serve as a director and as a member of the Audit Committee and the Compensation, Corporate Governance, and Nominating Committee of the Company's Board of Directors.

Mr. Clement is considered to be an independent director, as defined by the rules of the NASDAQ Stock Market, and an audit committee financial expert, as defined by the Securities and Exchange Commission.

Mr. Clement is the Chairman & CEO of DOBBS, RAM & Company, a systems integration company that he founded in 1981. He has served in various key roles in the public and private sector during his 40 year career, working in leadership positions with the financial sector. He has also served on several corporate and non-profit boards.

"We are excited for Bill to join our Board of Directors," commented Trip Davis, TRX President and CEO. "He brings strong leadership skills, financial background, and great experience to our Board, management team, and shareholders."

Stay updated on the TRXI insiders, they have been buying for the past 6 months:
http://www.form4oracle.com/company?cik=0001103025&ticker=trxi

TRX Travel Analytics Carbon Emissions Calculator Named 'Best in the Market' by the Stockholm Environment Institute
Tuesday May 6, 9:41 am ET
TRX Partners with TerraPass to offer Airline Carbon Emissions Calculator through new Web Services Agreement

ATLANTA, May 6 /PRNewswire-FirstCall/ -- TRX, Inc. (Nasdaq: TRXI - News), a global technology company that develops and hosts software applications to process data records and automate manual processes, announced today that its Travel Analytics CO2 emissions calculator was named the best air travel CO2 emissions calculator by the Stockholm Environment Institute.

TerraPass Inc., a leading retailer and marketer of carbon offsets to individuals and businesses, will feature the TRX Travel Analytics CO2 emissions calculator on www.terrapass.com as part of an exclusive three-month agreement with TRX. Starting in mid May 2008, the CO2 emissions calculator will be available at TerraPass to anyone seeking detailed and accurate information on the carbon impact of air travel.

"Our CO2 emissions calculator leverages our leadership position in travel data by incorporating more data points than any other calculator in the industry," said Trip Davis, President and CEO of TRX. "Along with TerraPass, we have quickly established the lead and benchmark in the carbon emissions space for travel. The accolade from the Stockholm Environment Institute further establishes our credibility as the leader in converting travel data into actionable insights for our customers. The calculator and supporting analytics offers our customers the ability to accurately and effectively balance their carbon footprints."

As part of its Carbon Offsetting and Air Travel study, the Stockholm Environment Institute evaluated the industry's leading carbon emissions calculators and named TRX "Best in the Market" based on four primary considerations:

-- Provides the most in-depth information about the data sources and
metrics used
-- Offers extensive data sets and accounts for the largest number of
parameters
-- Updates the data sets regularly
-- Distinguishes between different carriers, enabling travelers to choose
the most efficient carrier ahead of time


The TRX Travel Analytics CO2 emissions calculator (http://carbon.trx.com) assesses the amount of CO2 a company produces based on its specific corporate travel footprint. The sophisticated model matches detailed travel data from the corporation (such as arrival/departure cities, carriers, etc.) with worldwide flight schedules and aircraft information (the size and type of the plane, cabin information, etc.). Corporations are then able to use the calculator to learn how much CO2 its specific global air travel program has emitted, as well as how their program compares to industry averages. The model also allows companies to see which carriers are the lowest CO2 emitters for their travel footprint, providing them with tools to determine how changing their preferred carriers, or modifying their travel volume, would impact the environment.

"We are thrilled to join forces with TRX to offer our customers the very best flight calculator available," said TerraPass CEO Erik Blachford. "We are committed to delivering TerraPass members the most accurate possible carbon footprint calculation, and this partnership is a significant step forward."

About TRX

TRX (Nasdaq: TRXI - News) is a global technology company. We develop and host software applications that process data records and automate manual processes, enabling our clients to optimize performance and control costs. We are a leading provider to the travel industry. We deliver our technology applications in an on-demand environment to travel agencies, corporations, travel suppliers, government agencies, credit card associations, credit card issuing banks, and third-party administrators. TRX is headquartered in Atlanta with operations and associates in North America, Europe, and Asia. Please visit the company's Website at www.trx.com

About the Stockholm Environment Institute

The Stockholm Environment Institute is an independent, international research institute specializing in sustainable development and environment issues. It works at local, national, regional and global policy levels.

About TerraPass

Launched in 2004, TerraPass is a leading consumer retailer and marketer of greenhouse gas reduction offsets and consumer energy efficiency products. Over 150,000 TerraPasses have been sold to individuals, families and businesses to balance out the global warming impact of their flying, driving and home energy use. Together, TerraPass customers have reduced more than 800 million pounds of carbon dioxide emissions, the primary cause of climate change. TerraPass carbon offsets fund clean energy and carbon reduction projects throughout the U.S., including wind power, farm power, and landfill gas capture. Every TerraPass offset purchase is verified against industry leading standards by an independent third party. For more information visit www.terrapass.com.

SERKO(R) & TRX Launch Global Strategic Alliance For Corporate Online Booking
Monday May 5, 11:07 am ET
Advanced corporate online booking tools align to provide Corporations and Travel Management Companies a unified global service experience to customers with international travel programs

ATLANTA and AUCKLAND, New Zealand, May 5 /PRNewswire-FirstCall/ -- TRX, Inc. (Nasdaq: TRXI - News), a global technology company that develops and hosts software applications to process data records and automate manual processes and SERKO, the supplier of SERKO Online, today announced the launch of a global sales and marketing alliance for on-line booking.

SERKO's SERKO Online and TRX's RESX are both industry leaders in technology solutions for corporate travel management companies and their clients. SERKO Online and RESX provide real-time internet distribution of travel products to corporate clients via multiple channels that connect to Travel Management Companies (TMC) allowing them to gain further advantage over their competitors and providing corporations with access to content filtered by their own travel policies.

Joint Advantages for Corporations and TMC's

"The newly formed alliance leverages best-of-breed technology providers with in-region expertise to more effectively meet the needs of local clientele requiring a global travel program," said Shane Hammond, President, RESX Technologies.

"In addition the partnership will mean localized development in each region able to support change requests and feature enhancements quickly and cost effectively with an agile approach," added Michael Thorburn, GM Sales & Marketing at SERKO Ltd.

Other benefits offered are instant support coverage, by region, performed in the region, compared to outsourced, out-of-region call centers which can be an issue with the global deployment of a single online solution.

RESX and SERKO will work together to deliver simultaneous and regionally-focused technology development, and to bring new features to the global market faster.

Solutions Found for Common Issues

Both companies agree this approach will eliminate barriers faced by international travel programs such as the balancing technology suppliers often face in managing investment priorities across regions, which ultimately leads to slower time to market for new features.

Where a traditional single solution provider can lack in-region functionality, knowledge, and expertise, the combined SERKO and RESX offering leverages two best-of-breed technology partners within their respective regions.

"Banking on a "one-sized-fits-all" approach to technology investment no longer works in the fast, ever-evolving online travel distribution business," said Thorburn.

"Given the technology challenges many of our customers face globally, SERKO and RESX felt it was time to take action on the opportunity and work with each other to tailor a solution that delivers an innovative, localized solution to enhance the international business of our corporate end customers and travel industry partners with the first global alliance of online self booking tools being the result," concluded Hammond.

Regionally, SERKO will distribute online travel content to corporations throughout the Asia Pacific and RESX will encompass the Americas and Europe.

About TRX, Inc.

As a global technology company, we develop and host software applications that process complex data records and automate manual processes, enabling our clients to optimize performance and control costs. We are a leading provider to the travel industry and are expanding into financial services and healthcare. We deliver our technology applications in an on-demand environment to travel agencies, corporations, travel suppliers, government agencies, credit card associations, credit card issuing banks, and third-party administrators.


More information on TRX, Inc. can be found at http://www.trx.com
Contact:
Kira Perdue
Trevelino/Keller Communications Group for TRX, Inc.
(404) 214-0722, extension 101
kperdue@trevelinokeller.com

About SERKO®

SERKO Limited is a software development company specializing in travel technology tools for corporate travel management companies and online business travel management tools for corporate use. The SERKO® Online product, delivers a range of essential online travel management facilities including an integrated booking engine, authorization workflow, expense management and reporting engine. Integration of SERKO® Online with a travel management company's system allows high adoption rate by corporate users and a significant reduction in unproductive double handling of information. As one of the leading independent travel technology providers in the Asia Pacific region, SERKO® handles more than two billion transactions per day through its travel management systems.


More information on SERKO® can be found at http://www.serkoonline.com
Contact:
Michael Thorburn
GM Sales & Marketing
SERKO Limited
Office: +64 9 302 9206
Mobile: +64 21 668 045
Email: michaelt@serkoonline.com

TRX Reports First Quarter 2008 Results
Friday May 2, 6:30 am ET

ATLANTA, May 2 /PRNewswire-FirstCall/ -- TRX, Inc. (Nasdaq: TRXI - News), a global technology company that develops and hosts software applications to process data records and automate manual processes, today reported financial results for the quarter ended 31 March 2008.

Total revenues excluding client reimbursements for the first quarter of 2008 were $21.9 million compared with $25.3 million in the first quarter of 2007. Net loss for the first quarter was ($3.4) million compared with net income of $0.4 million in the first quarter of 2007. Net loss per diluted share was ($0.18) compared to net income per diluted share of $0.02 for the first quarter of 2007.

Revenues from transaction processing services for the first quarter of 2008 decreased to $17.6 million from $18.5 million in the first quarter of 2007. Revenues from data reporting services were $4.2 million, compared with $6.7 million in the prior year.

Adjusted revenues for the first quarter of 2008 were $25.4 million compared with $25.3 million in the first quarter of 2007. Adjusted revenues from data reporting services were $7.7 million, compared with $6.7 million in the first quarter of 2007. Adjusted revenues include $3.5 million of recurring data reporting services provided to Citibank which were required to be deferred under US GAAP until the Company's sale of a non-exclusive DATATRAX license. The license sale occurred on April 30, 2008. Adjusted EBITDA was $2.9 million for the quarter, compared with $3.4 million in the first quarter of 2007.

"Our business is making good strides thus far in 2008," said TRX President & CEO Trip Davis. "Our adjusted revenues in the first quarter of 2008 were stable against last year, indicating that our core business units are holding their own in a tough economic environment. We continue to expect organic volumes in transaction processing to moderate in 2008 due to the economy, and that data reporting and new client additions will largely offset those challenges. We will continue to fund long-term growth through innovation investment, to ensure our solutions are meeting our clients' future needs."

Based upon its expectations, TRX reiterated its guidance for fiscal 2008, inclusive of the $4.5 million DATATRAX license sale referred to above:

-- Adjusted revenues of $92 to $95 million, of which $20 to $23 million
is from data reporting.
-- Adjusted EBITDA of $8 to $10 million.
-- Capital expenditures of $7 to $8 million.
http://biz.yahoo.com/prnews/080502/clf024.html?.v=101

TRX 2008 Annual Meeting of Shareholders
Friday April 25, 4:15 pm ET

ATLANTA, April 25 /PRNewswire-FirstCall/ -- TRX, Inc. (Nasdaq: TRXI - News), a global technology company that develops and hosts software applications to process data records and automate manual processes, today announced that its 2008 Annual Meeting of Shareholders will be held on June 24, 2008.

Shareholders of record as of May 9, 2008 will be entitled to vote at the annual meeting. In connection with the meeting date, TRX has extended the deadline for shareholders to propose director nominees and to bring proposals at the meeting to May 5, 2008.

About TRX

TRX (Nasdaq: TRXI - News) is a global technology company. We develop and host software applications that process data records and automate manual processes, enabling our clients to optimize performance and control costs. We are a leading provider to the travel industry and are expanding into financial services and healthcare. We deliver our technology applications in an on-demand environment to travel agencies, corporations, travel suppliers, government agencies, credit card associations, credit card issuing banks, and third-party administrators. TRX is headquartered in Atlanta with operations and associates in North America, Europe, and Asia. Please visit the company's Website at www.trx.com.

TRX Announces 2007 XCELLER of the Year, Tim Nichols of TRX Travel Analytics
Wednesday April 9, 1:02 pm ET
Internal Recognition Program Highlights Seven Employees for Superior Performance


ATLANTA, April 9 /PRNewswire-FirstCall/ -- TRX, Inc. (Nasdaq: TRXI - News), a global technology company that develops and hosts software applications to process data records and automate manual processes, today announced its 2007 XCELLER of the Year, Tim Nichols.

Selected from a total of 43 XCELLERS in 2007, Nichols is an integral member and leader of the TRX Travel Analytics team. He is responsible for consulting with corporate accounts and helping them manage the strategic sourcing process with airlines.

"Tim works with the clients on a day-to-day basis delivering high-quality consulting and analytical support to some of our largest and most high-profile clients. His superior customer service has resulted in strong repeat and referral business for TRX Travel Analytics," said Trip Davis, TRX President & CEO. "He has exceptional collaboration skills, providing him with a unique ability to establish consensus and create enduring relationships with clients, suppliers, and colleagues. Tim's performance is exemplary of our mission to transform travel data into actionable insights with analysis and deep domain expertise."

Along with the 2007 XCELLER of the Year, TRX named seven XCELLER of the Year honorable mentions: Angelica Donkin (Finance, Leicester, United Kingdom), Uwe Glasbrenner (Training, Berlin, Germany), Stephanie Hamilton (Application Service, Milton, Florida), Clint Howard (Software Development, Dallas, Texas), Nanda Kumar (Information Technology Operations, Bangalore, India), Kirby Rice (Software Development, Tysons Corner, Virginia), and Matt Sales (Software Development, Atlanta, Georgia).

The TRX XCELLERS program is a quarterly, peer-nominated employee recognition program. The objective of the program is to recognize the top performers -- those employees who overtly embody TRX's core values of trust, relationships, and excellence and demonstrate consistent and superior performance. The XCELLERS program is one facet of TRX global performance management processes, including biannual performance reviews, skip-level talent reviews, mentoring, situational leadership training, and online training and education.

At the end of each year, TRX names one XCELLER as the XCELLER of the Year, along with the top honorable mentions. As the 2007 XCELLER of the Year, Tim Nichols joins the XTEAM, TRX's top management team comprised of 50 senior leaders and high-impact players selected by Trip Davis. Nichols also becomes one of five employees mentored by Davis this year, engaging in monthly one-on-one mentor sessions to establish and track his personal and professional goals.

Nichols and the seven XCELLER of the Year honorable mentions each received cash awards and additional vacation days to further recognize their dedication to the company and outstanding service in 2007.

TRX Reports Fourth Quarter and Fiscal 2007 Results
Friday March 7, 6:30 am ET

ATLANTA, March 7 /PRNewswire-FirstCall/ -- TRX, Inc. (Nasdaq: TRXI - News), a global technology company that develops and hosts software applications to process data records and automate manual processes, today reported financial results for the quarter ended 31 December 2007.

Total revenues excluding client reimbursements for the fourth quarter of 2007 were $18.6 million compared with $26.1 million in the fourth quarter of 2006. Net loss for the fourth quarter was ($4.2) million compared with net income of $1.3 million in the fourth quarter of 2006. Net loss per diluted share was ($0.23) compared to net income per diluted share of $0.07 for the fourth quarter of 2006.

Revenues from transaction processing services for the fourth quarter of 2007 decreased to $14.0 million from $15.6 million in the fourth quarter of 2006. Revenues from data reporting services were $3.3 million, compared with $5.1 million in the prior year. Revenues from customer care activities decreased 75% to $1.3 million, as the Company continued to execute on its previously announced strategy of transitioning away from call center services.

Adjusted revenues for the fourth quarter of 2007 were $22.1 million compared with $26.1 million in the fourth quarter of 2006. Adjusted revenues from data reporting services were $6.8 million, compared with $5.1 million in the fourth quarter of 2006. Adjusted revenues include $3.5 million of recurring data reporting services provided to Citibank which are required to be deferred under US GAAP until the Company's sale of a non-exclusive DATATRAX license, previously announced in July 2007, occurs. Management currently expects the $4.5 million license sale to occur in the first half of 2008. Adjusted EBITDA was $1.8 million for the quarter, compared with $3.8 million in the fourth quarter of 2006.

For the twelve months ended 31 December 2007, revenues excluding client reimbursements were $89.5 million, compared to $113.5 million in 2006, including revenues from data reporting of $20.9 million in 2007 and $17.8 million in 2006. Net loss for the twelve months ended 31 December 2007 was ($8.0) million, compared with net income of $7.3 million for 2006. Adjusted revenues were $96.0 million, compared with $113.5 million for 2006. Adjusted revenues from data reporting services were $27.4 million, compared with $17.8 million for 2006. Adjusted EBITDA was $10.2 million, compared with $18.7 million for 2006.

"Our transformational efforts made good strides in 2007," said TRX President & CEO Trip Davis. "Our revenues in 2007 were stronger than we anticipated at the start of the year, which enabled us to execute faster on our innovation priorities. We expect organic volumes in transaction processing to moderate in 2008 due to the economy, and that data reporting and our sales pipeline will largely offset those challenges. We will continue to fund long-term growth through innovation investment, to ensure our solutions are meeting our clients' needs."

Based upon its expectations, TRX provided its guidance for fiscal 2008, inclusive of the $4.5 million DATATRAX license sale referred to above:

-- Adjusted revenues of $92 to $95 million, of which $20-$23 million is
from data reporting.
-- Adjusted EBITDA of $8 to $10 million.
-- Capital expenditures of $7 to $8 million.

TRX Goes Mobile with the Launch of RESX Mobile Service for Corporate Travelers
Wednesday February 6, 9:28 am ET
Corporate Travelers Using RESX Get Mobile Access

ATLANTA, Feb. 6 /PRNewswire-FirstCall/ -- TRX, Inc. (Nasdaq: TRXI - News), a global technology company that develops and hosts software applications to process data records and automate manual processes, today announced the release of RESX Mobile(TM) as a key extension of the RESX traveler empowerment suite of features.

http://biz.yahoo.com/prnews/080206/clw051.html?.v=101

TRXI from $1.66 to $2.40 on less than 1000 shares in last 5 mintues. Holding a bit of it, but no one wants it when I stick a large block out there on the bid.

Double bottom in TRXI, been buying back, will go to .50 or $10 in the next 18 months.

TRX Releases RESX v7.2
Thursday December 20, 5:02 pm ET
Corporate Travelers Empowered with the Launch of New Traveler-Friendly Enhancements

ATLANTA, Dec. 20 /PRNewswire-FirstCall/ -- TRX, Inc. (Nasdaq: TRXI - News), a global technology company that develops and hosts software applications to process data records and automate manual processes, today announced the release of RESX v7.2.

RESX is a leading online booking tool allowing corporate travelers to create policy-compliant and on-budget travel reservations via a hosted Web interface.

"Our latest development efforts are trending towards end-user functionality. RESX v7.2 is the beginning of our Traveler Empowerment feature suite, and we have several other traveler-related features planned for near- term release," said Shane Hammond, President, RESX Technologies.

RESX v7.2 provides travelers and travel arrangers with rich hotel and destination related media content that dramatically enhances the RESX hotel shopping experience. Users can now view multiple hotel images and slideshows for hundreds of thousands of hotel properties around the world, obtain driving directions for any destination, and access key destination information directly from the RESX itinerary page.

In addition, users have the ability to synchronize trip reservations with their e-calendar in one easy step. As changes are made to the travel itinerary, RESX automatically updates calendar entries, ensuring travelers and travel arrangers always have the most up-to-date details on current and pending trips.

"With these latest enhancements, RESX Technologies is addressing perceived differences between corporate booking tools and leisure booking sites. The new hotel images, driving directions, and the upcoming mobile application are user-friendly and provide added value to simplify the travel experience. With RESX offering a global multi-GDS solution, supporting multiple currencies and more than eight languages, TRAVELSAVERS' agencies in 14 countries can use the technology to compete even more effectively in the global marketplace," said Betty Tilton, VP Corporate Sales and Marketing at TRAVELSAVERS.

The latest release also includes the pilot launch of the RESX Mobile(TM) application which provides travelers instant on-demand access to their trips via their mobile devices. RESX Mobile also offers the ability to check flight status and arrival and departure gate information, along with displaying key information such as hotel contact information, confirmation numbers and approvals, and ticketing status.

Orbitz Worldwide Signs Global CORREX Agreement With TRX
Tuesday November 20, 9:01 am ET
Expands Orbitz for Business Relationship and Extends TRX's Category Leadership in Reservation Processing

ATLANTA, Nov. 20 /PRNewswire-FirstCall/ -- TRX, Inc. (Nasdaq: TRXI - News), a global technology company that develops and hosts software applications to process data records and automate manual processes, today announced that Orbitz Worldwide signed a global CORREX agreement to manage the full volume of Orbitz for Business' reservation processing.

"Our agreement with Orbitz for Business expands our existing relationship and further establishes CORREX's category leadership as a reservation processing platform," said Trip Davis, president and CEO, TRX. "We signed a contract earlier this year with Orbitz for Business to utilize our TRAVELTRAX solution for data consolidation and reporting, and this is a natural progression to help support their travel management services."

The agreement with Orbitz for Business replaces a competitive mid-office application with CORREX's enhanced technology and provides Orbitz for Business with the ability to globalize transaction processing and ensure global data integrity for reporting and analysis.

"By implementing CORREX, we're able to consolidate separate quality control and automated ticketing activities being processed on multiple platforms to a single platform, providing us the ability to improve our global efficiency," said Dean Sivley, COO and general manager, Orbitz for Business.

TRX recently announced its CORREX Gen6 initiative - a multi-phased evolution of the CORREX travel reservation processing platform that will incorporate agency and corporate interfaces and take advantage of Web 2.0 innovation. The first feature release from the Gen6 initiative will be a new email and communication module. CORREX is an industry-leading travel reservation processing platform that automates quality control, file finishing, ticketing and other mid-office activities formerly handled manually by travel agents. The solution drives processing efficiency for travel management companies, corporate travel departments, and suppliers, providing them with significant reengineering savings and allowing them to reallocate agent time and attention to higher value activities.

Insider buying, time to buy back into TRXI:

http://www.insidercow.com/history/company.jsp;jsessionid=092BE91A1F69DE57B6000A8B384224F2?company=TRXI

TRX Reports Third Quarter 2007 Results
Thursday November 8, 6:30 am ET

ATLANTA, Nov. 8 /PRNewswire-FirstCall/ -- TRX, Inc. (Nasdaq: TRXI - News), a global technology company that develops and hosts software applications to process data records and automate manual processes, today reported financial results for the quarter ended 30 September 2007.

Total revenues excluding client reimbursements for the third quarter of 2007 were $21.2 million compared with $26.8 million in the third quarter of 2006. Net loss for the third quarter was ($3.9) million compared with net income of $1.3 million in the third quarter of 2006. Net loss per diluted share was ($0.21) compared to net income per diluted share of $0.07 for the third quarter of 2006.

Revenues from transaction processing services for the third quarter of 2007 decreased to $15.8 million from $17.6 million in the third quarter of 2006. Revenues from data reporting services were $4.1 million, compared with $4.5 million in the prior year. Revenues from customer care activities decreased 72% to $1.3 million, as the Company continued to execute on its previously announced strategy of transitioning away from call center services.

Adjusted revenues for the third quarter of 2007 were $24.2 million compared with $26.8 million in the third quarter of 2006. Adjusted revenues from data reporting services were $7.1 million, compared with $4.5 million in the prior year. Adjusted revenues include $3.0 million of recurring data reporting services provided to Citibank which are required to be deferred under US GAAP until the Company's sale of a non-exclusive DATATRAX license, previously announced in July 2007, occurs. Management currently expects the $4.5 million license sale to occur in 2008. Adjusted EBITDA, which also includes the $3.0 million of recurring data reporting services to Citibank, was $2.2 million for the quarter, compared with $3.7 million in the third quarter of 2006.

For the nine months ended 30 September 2007, revenues excluding client reimbursements were $70.9 million, compared to $87.4 million in 2006, including revenues from data reporting of $17.6 million in 2007 and $12.7 million in 2006. Net loss for the nine months ended 30 September 2007 was ($3.9) million, compared with net income of $6.0 million for the first nine months of 2006. Adjusted revenues were $74.0 million, compared with $87.4 million for the first nine months of 2006. Adjusted revenues from data reporting services were $20.6 million, compared with $12.7 million for the first nine months of 2006. Adjusted EBITDA was $8.4 million, compared with $14.9 million for the first nine months of 2006.

"Our transformational year is progressing as expected," said TRX President & CEO Trip Davis. "Our results reflect small improvements in performance in our transaction processing business compared with the first half of the fiscal year. We have closed $3 million of new annuity transaction processing sales for 2008, both from new clients as well as expansions of services and geographies with existing clients. We are seeing continued growth in data reporting, given consideration to the deferral of certain revenue in accordance with US GAAP. Thus far, we have closed $1.5 million of new annuity data reporting sales for 2008. We continue to support long-term growth through investment in innovation."

Based upon its expectations for revenues and expenses, TRX updated its guidance for fiscal 2007:

* Adjusted revenues of $93 to $97 million (previously $85 to $90
million).
* Adjusted EBITDA of $9 to $11 million (previously $8 to $10 million).
* GAAP diluted loss per share of $0.40 to $0.50 (previously $0.44 to
$0.55 per share) on a base of 18.3 million diluted shares.

Use of Non-GAAP Financial Measures

TRX provides financial measures and terms not calculated in accordance with accounting principles generally accepted in the United States (GAAP). Presentation of non-GAAP measures such as Adjusted Revenue, EBITDA and Adjusted EBITDA provide investors with an alternative method for assessing our operating results in a manner that enables investors to more thoroughly evaluate our performance. These non-GAAP measures provide a baseline for assessing the company's future earnings expectations. TRX management uses these non-GAAP measures for the same purpose. The non-GAAP measures included in this release are provided to give investors access to the types of measures that we use in analyzing our results.

Adjusted Revenue consists of GAAP transaction and other revenues, adjusted for the revenue earned from Citibank for providing routine services, which is required under US GAAP to be deferred until the anticipated sale of a software license to Citibank is complete. The deferral of revenue recognition is required in the absence of vendor-specific objective evidence of the fair value of the license. Management uses Adjusted Revenue as an additional measure for evaluating the performance of the business, because the pricing for and level of routine services currently being provided to Citibank are equivalent to those provided to Citibank before the arrangement to sell a license was consummated in July 2007.

EBITDA consists of GAAP net income (loss) adjusted for the items included in the accompanying reconciliation. EBITDA provides useful information to investors about the Company's performance because it eliminates the effects of period to period changes in the cost associated with capital investments and interest expense. Adjusted EBITDA consists of EBITDA adjusted for the items included in the accompanying reconciliation. EBITDA and Adjusted EBITDA do not give effect to the cash the Company must use to service its debt or pay its income taxes and thus do not reflect the funds generated from operations or actually available for capital expenditures.

TRX's calculation of Adjusted Revenue, EBITDA and Adjusted EBITDA is not necessarily comparable to similarly titled measures reported by other companies. These non-GAAP measures may be considered in addition to results prepared in accordance with GAAP, but should not be considered a substitute for or superior to GAAP results. Schedules that reconcile Adjusted Revenue, EBITDA and Adjusted EBITDA to GAAP net income (loss) are included with this release.

Cautionary Note Regarding Forward-Looking Statements

Certain statements in this press release may constitute "forward-looking" statements as defined in Section 27A of the Securities Act of 1933 (the "Securities Act"), Section 21E of the Securities Exchange Act of 1934 (the "Exchange Act"), the Private Securities Litigation Reform Act of 1995 (the "PSLRA"), or in releases made by the Securities and Exchange Commission, all as may be amended from time to time. Statements contained in this press release that are not historical facts may be forward-looking statements within the meaning of the PSLRA. Any such forward-looking statements reflect our beliefs and assumptions and are based on information currently available to us and are subject to risks and uncertainties that could cause actual results to differ materially, including but not limited to, the loss of key clients, volatility in the number of transactions we service, failure or interruptions of our software, hardware and other systems, industry declines, competitive pressures and other risks, including those discussed under the heading "Risk Factors" in our Annual Report on Form 10-K for the year ended December 31, 2006.

Forward-looking statements are predictions and involve known and unknown risks, uncertainties and other factors that may cause our actual results, performance or achievements, or industry results, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. We undertake no obligation to publicly update any forward-looking statements, whether as a result of new information, future events or otherwise. These cautionary statements are being made pursuant to the Securities Act, the Exchange Act and the PSLRA with the intention of obtaining the benefits of the "safe harbor" provisions of such laws. TRX, Inc. cautions investors that any forward-looking statements we make are not guarantees or indicative of future performance.

http://biz.yahoo.com/prnews/071108/clth031.html?.v=101

TRX and SignUp4 Join Together to Drive Efficiencies and Cost Savings for Meeting Planners
Tuesday October 30, 10:41 am ET
Travel Arrangers and Meetings Planners Benefit From Integrated Meetings Management and Corporate Online Booking Offering

ATLANTA, Oct. 30 /PRNewswire-FirstCall/ -- TRX, Inc. (Nasdaq: TRXI - News), a global technology company that develops and hosts software applications to process data records and automate manual processes and SignUp4, a leading provider of meetings technology solutions, today announced a partnership to integrate data from TRX's RESX corporate online travel booking solution into SignUp4's enterprise event and travel management solution, Strategic Meetings Management Suite(TM)(SMM).

RESX is a leading online booking tool that allows corporate travelers to create their own policy-compliant and on-budget travel reservations via a hosted Web interface. SignUp4's SMM is comprised of three applications: Event Management System(TM)(EMS), Spend Management System(TM) (SMS), and Travel Management System(TM)(TMS). EMS is a hosted attendee management software solution, SMS provides an interactive framework for managing meeting requests, budgets, and workflow for events and TMS is designed to collect and marry event registration information with travel information from a GDS, ensuring travel plans and registrations are accurate and in sync. Both EMS and TMS are being integrated with RESX.

The integrated offering allows meeting planners to add booking capabilities to their online registration process. By using a single sign-on, meeting registrants will automatically login to RESX at the time of event registration. The registrant's travel requirements entered into the online registration form will pre-populate flight pricing and availability searches within RESX. After the flight is booked, SignUp4's TMS will seamlessly join registration records to travel itineraries.

"RESX and SignUp4 represent a powerful combination and another excellent example of the power of RESX's integration capabilities. SignUp4 is a best- in-class meetings management provider and will bring unique and powerful solutions to current and future RESX users," said Shane Hammond, President, RESX Technologies.

"Together we give meeting planners a single interface to create travel manifests, communicate with attendees who have not booked travel, determine who is not complying with corporate travel policy, send combined registration and itinerary confirmations, and report on all of the combined data. The ability to automatically create a manifest report from a single interface represents a giant leap forward in capabilities currently on the market and should drastically reduce registration error rates and dramatically increase meeting planner efficiency," said Nick Romano, President of SignUp4.

About SignUp4

Headquartered in Atlanta, GA, SignUp4 continues to be the leader in providing meetings technology solutions since its inception in 1999. Their Strategic Meetings Management suite is designed to streamline event management, spend management, travel management, workflow, data distribution, and reporting for travel and event professionals. You can learn more by visiting SignUp4's website at www.signup4.com.

About TRX

TRX (Nasdaq: TRXI - News) is a global technology company. We develop and host software applications that process data records and automate manual processes, enabling our clients to optimize performance and control costs. We are a leading provider to the travel industry and are expanding into financial services and healthcare. We deliver our technology applications in an on- demand environment to travel agencies, corporations, travel suppliers, government agencies, credit card associations, credit card issuing banks, and third-party administrators. TRX is headquartered in Atlanta with operations and associates in North America, Europe, and Asia. Please visit the company's website at www.trx.com.

Travel Industry Leaders Discuss Issues and Solutions at Two-Day TRX-Hosted Forum
Wednesday October 24, 1:56 pm ET
Discussion Centered on New Technologies

ATLANTA--(BUSINESS WIRE)--TRX, Inc. (NASDAQ: TRXI - News), a global technology company that develops and hosts software applications to process data records and automate manual processes, recently held their annual Client Forum in Atlanta, bringing together travel industry players to discuss issues, trends, and the role of technology in all areas of travel distribution and the expense management process.

Some of the industry’s leading companies were in attendance and contributed to the discussion, including representatives from Macy's, PricewaterhouseCoopers, American Express, Deloitte, Expedia, Orbitz for Business, Travelocity Business, TravelFocus, Sabre, Delta Air Lines, Disney Corporation, Japan Air Lines and MasterCard.

TRX President and CEO Trip Davis opened the forum with a discussion on next-generation technology based on Web 2.0 and Software as a Service. Discussion was lively regarding this new generation of the Internet economy and web site functionality. Attendees agreed that the days of legacy enterprise systems are over, and travel industry adaptation must happen quickly.

“From YouTube and Facebook to Kayak.com, the opportunities for user-generated content, social networking, and metasearch are just now bursting and are still in their early days. It’s critical that we, as an industry, explore and embrace the changes happening for the ultimate benefit of our customers,” said Davis. “Additionally, today’s travel industry is no longer about systems integration. It's all about data integration and open systems and API's. We will continue to develop our technology to meet these changing needs in three key areas: data reporting, online booking, and reservation processing. We are focused on meeting our clients’ needs through consistent service delivery and product excellence. As important is our ability to deliver innovative and next-generation developments.”

The TRX Client Forum attendees also discussed and debated how the changing online landscape allows travel buyers, suppliers, and travelers to become smarter and more efficient in the way they operate their businesses and manage travel spending.

"The TRX Client Forum was an opportunity to understand TRX’s current software solutions and the ability to offer input for future development. We were also able to see what future advancements and business opportunities could be achieved by vendors and customers alike, collectively working to standardize data collection processes," said Kevin Bird, Senior On-line Technology Consultant, TravelFocus.

About TRX

TRX (NASDAQ: TRXI - News) is a global technology company. We develop and host software applications that process data records and automate manual processes, enabling our clients to optimize performance and control costs. We are a leading provider to the travel industry and are expanding into financial services and healthcare. We deliver our technology applications in an on-demand environment to travel agencies, corporations, travel suppliers, government agencies, credit card associations, credit card issuing banks, and third-party administrators. TRX is headquartered in Atlanta with operations and associates in North America, Europe, and Asia. Please visit the company’s Website at www.trx.com.

TRX RELEASES RESX v7.1
Agencies, Travelers, and Travel Arrangers Benefit from Enhanced Shopping and Pricing Capabilities and Policy Management Features

ATLANTA, GA - 25 September 2007 — -TRX, Inc. (NASDAQ: TRXI), a global technology company that develops and hosts software applications to process data records and automate manual processes, today announced the release of RESX v7.1.

RESX is a leading online booking tool allowing corporate travelers to create policy-compliant and on-budget travel reservations via a hosted Web interface. "Our latest release includes key enhancements that reduce support costs for agencies and provide corporations greater control over travel spending," said Shane Hammond, President, RESX Technologies

RESX v7.1 increases a corporation's ability to improve its overall negotiation power with preferred vendors by maximizing airline pricing agreements through the expansion of RESX's "preferred airlines by market" feature. This feature enhances a corporation's ability to deliver on carrier market share agreements through targeted, rule-based biasing, by market, at the point of sale.

RESX v7.1 also includes several enhancements to RESX's Trip Sync functionality, which allows users to retrieve up-to-date itinerary information for all trips, whether booked online through RESX or offline with a travel management provider. "Through the use of RESX's open systems platform, RESX will serve as the single point of access for all trip information. This provides great benefit to travelers and cost savings opportunities for travel management companies," said Hammond.

Brandon Veach, Online and Automation Systems Manager for TravelCorp International, said, "The enhancements to RESX's Trip Sync functionality have improved the rate of passenger name record imports for one of our largest accounts. So much so, that the account has implemented a new policy requiring travelers to get all itineraries via RESX. This saves time for our agents, allowing them to focus on reservations that need extra attention."

Among other enhancements, the newest release includes: performance optimizations designed to further improve upon RESX's industry-leading application speed, air contract enhancements to allow multiple airfare displays associated with negotiated airline contracts, a new ability to shop, book and modify Amtrak reservations, and the first phase completion of RESX's Electronic and IT Accessibility Standardization efforts, making RESX more accessible to the visually impaired.

Had been waiting to get into TRXI big, starting buying yesterday and now buying on any weakness:

Travel Managers Unmask Industry Villains at NBTA
TRX Survey Reveals Travel and Procurement Managers' Desire to 'Take Action' towards Increasing Compliance and Obtaining Meaningful Travel Data in the Battle to Control Costs

ATLANTA, Aug. 13 /PRNewswire-FirstCall/ -- TRX, Inc. (Nasdaq: TRXI), a global technology company that develops and hosts software applications to process data records and automate manual processes, today announced findings from its corporate travel survey conducted at the National Business Travel Association (NBTA) annual convention and exhibition last month.

Launching a new Take Action tagline with a 'Business Action Hero' direct response campaign and comic book, TRX surveyed travel managers at NBTA, asking them to describe their top corporate travel villain. According to nearly 200 survey respondents, the most heinous of industry villains are policy compliance (28%) and reliable and comprehensive travel data reporting (21%).

The traffic at TRX's NBTA booth was consistent with survey results. A record number of attendees visited TRX to see demonstrations of the TRAVELTRAX travel data reporting application, the RESX corporate online booking site, and TRX Travel Analytics travel spend management solution - all designed to help corporate travel managers improve access to actionable data and tools to help monitor, manage, and improve compliance and find cost savings opportunities.

Survey respondents cited numerous other travel industry 'bad guys' ranging from inventory fragmentation (7%), executive support for corporate policies and official mandates (6%), airline on-time performance (6%), and hotel rate loading and auditing (6%).

A sourcing manager at a Fortune 100 company that spends over $240 million annually in travel and entertainment named her corporate travel villain, 'Maverick Mike. He does whatever he wants.' An executive assistant in charge of travel for her company had a similar perspective, 'Prima Donna. Travel policy rules bounce right off her.'

Travel data reporting complaints ranged from, 'I want to capture data with one report,' to 'It's time meetings data caught up with travel management data,' to the popular, 'I just want accurate data.'

Concluded TRX President & CEO Trip Davis, 'While we had fun with the survey to identify the top corporate travel villains, we're serious about understanding corporate travel managers' needs. Policy compliance and data access and reporting are real issues facing travel managers. We want to make sure they understand how TRX technology applications will help them take action on these challenges. TRAVELTRAX, RESX, TRX Travel Analytics all give managers better control over their travelers and over spending - helping them save their corporations money.'

August 9, 2007 - 5:30 AM EST

TRX Reports Second Quarter 2007 Results

ATLANTA, Aug. 9 /PRNewswire-FirstCall/ -- TRX, Inc. (Nasdaq: TRXI), a global technology company that develops and hosts software applications to process data records and automate manual processes, today reported financial results for the quarter ended 30 June 2007.

Total revenues excluding client reimbursements for the second quarter of 2007 were $24.5 million compared with $29.4 million in the second quarter of 2006. Net loss for the second quarter was ($0.4) million compared with net income of $1.8 million in the second quarter of 2006. Net loss per diluted share was ($0.02) compared to net income per share of $0.10 per diluted share for the second quarter of 2006.

Revenues from transaction processing services for the second quarter of 2007 decreased to $16.6 million from $19.3 million in the second quarter of 2006. Revenues from data reporting services were $6.8 million, compared with $4.2 million in the prior year. Revenues from customer care activities decreased 81% to $1.1 million, as the company continues to execute on its previously announced strategy of transitioning away from call center services.

Adjusted EBITDA was $2.7 million for the quarter, a decline from $5.5 million in the second quarter of 2006.

For the six months ended 30 June 2007, revenues excluding client reimbursements were $49.7 million, compared to $60.6 million in 2006. Net results for the six months ended 30 June 2007 were essentially breakeven, compared with net income of $4.7 million for the first six months of 2006, and Adjusted EBITDA was $6.2 million, compared with $11.2 million for the first six months of 2006.

'We have been focusing on the goals we established for 2007,' said TRX President & CEO Trip Davis. 'It is a transformational year. We completed the integration of Hi-Mark Software into TRX and are seeing the positive effect of this acquisition on our company.'

'Our innovation efforts in data reporting and online booking are underway. We are moving deliberately and making investments to support long-term growth in TRX. Our business continues to experience a shift toward data consolidation and reporting, where our investments of the past year have been concentrated. We expect these trends to continue through the second half of the year,' Davis said.

Based upon its expectations for revenues and expenses in the coming quarters, TRX reiterated its guidance for fiscal 2007:

-- 2007 revenues excluding client reimbursements of $85 to $90 million.
-- 2007 Adjusted EBITDA of $8 to $10 million, or $0.44 to $0.55 per
diluted share.
-- GAAP diluted income (loss) per share excluding the effects of non-cash
stock compensation are expected to be ($0.10) to $0.00 for the year on
a base of 18.3 million diluted shares.

Use of Non-GAAP Financial Measures

TRX provides financial measures and terms not calculated in accordance with accounting principles generally accepted in the United States (GAAP). Presentation of non-GAAP measures such as EBITDA and Adjusted EBITDA provide investors with an alternative method for assessing our operating results in a manner that enables investors to more thoroughly evaluate our performance. These non-GAAP measures provide investors with a better baseline for assessing the company's future earnings expectations. TRX management uses these non-GAAP measures for the same purpose. The non-GAAP measures included in this release are provided to give investors access to the types of measures that we use in analyzing our results.

EBITDA consists of GAAP net income (loss) adjusted for the items included in the accompanying reconciliation. EBITDA provides useful information to investors about the Company's performance because it eliminates the effects of period to period changes in the cost associated with capital investments and interest expense. Adjusted EBITDA consists of EBITDA adjusted for the items included in the accompanying reconciliation. EBITDA and Adjusted EBITDA do not give effect to the cash the Company must use to service its debt or pay its income taxes and thus do not reflect the funds generated from operations or actually available for capital expenditures.

TRX's calculation of EBITDA and Adjusted EBITDA is not necessarily comparable to similarly titled measures reported by other companies. These non-GAAP measures may be considered in addition to results prepared in accordance with GAAP, but should not be considered a substitute for or superior to GAAP results. Schedules that reconcile EBITDA and Adjusted EBITDA to GAAP net income (loss) are included with this release.

Cautionary Note Regarding Forward-Looking Statements

Certain statements in this press release may constitute 'forward-looking' statements as defined in Section 27A of the Securities Act of 1933 (the 'Securities Act'), Section 21E of the Securities Exchange Act of 1934 (the 'Exchange Act'), the Private Securities Litigation Reform Act of 1995 (the 'PSLRA'), or in releases made by the Securities and Exchange Commission, all as may be amended from time to time. Statements contained in this press release that are not historical facts may be forward-looking statements within the meaning of the PSLRA. Any such forward-looking statements reflect our beliefs and assumptions and are based on information currently available to us and are subject to risks and uncertainties that could cause actual results to differ materially, including but not limited to, the loss of key clients, volatility in the number of transactions we service, failure or interruptions of our software, hardware and other systems, industry declines, competitive pressures and other risks.

Forward-looking statements are predictions and involve known and unknown risks, uncertainties and other factors that may cause our actual results, performance or achievements, or industry results, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. We undertake no obligation to publicly update any forward-looking statements, whether as a result of new information, future events or otherwise. These cautionary statements are being made pursuant to the Securities Act, the Exchange Act and the PSLRA with the intention of obtaining the benefits of the 'safe harbor' provisions of such laws. TRX, Inc. cautions investors that any forward-looking statements we make are not guarantees or indicative of future performance.

Conference Call Information

The Company will hold a Webcast of its conference call to discuss these results on Thursday, 09 August at 9:00 a.m. Eastern Time from www.trx.com. To register for the event, please go to the Investor Center on the TRX.com Website at least fifteen minutes early to register, download, and install any necessary audio software.

For those who cannot listen to the live broadcast, the TRX.com site will host an archived Webcast shortly after the conclusion of the call, which will remain available on the TRX Website at www.trx.com for 90 days.

About TRX

TRX is a global technology company. We develop and host software applications that process data records and automate manual processes, enabling our clients to optimize performance and control costs. We are a leading provider to the travel industry and are expanding into financial services and healthcare. We deliver our technology applications in an on-demand environment to travel agencies, corporations, travel suppliers, government agencies, credit card associations, credit card issuing banks, and third-party administrators. TRX is headquartered in Atlanta with operations and associates in North America, Europe, and Asia.


TRX, INC. AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF OPERATIONS
(In thousands, except per share data)

Three Months Six Months
Ended June 30, Ended June 30,
2007 2006 2007 2006
(Unaudited)
REVENUES:
Transaction processing $16,625 $19,330 $34,103 $39,411
Data reporting 6,758 4,247 13,482 8,180
Customer care 1,104 5,804 2,155 13,028
Transaction and other
revenues 24,487 29,381 49,740 60,619
Client reimbursements 113 637 735 1,156
Total revenues 24,600 30,018 50,475 61,775

EXPENSES:
Operating 13,785 16,933 28,557 35,249
Selling, general and
administrative 4,598 4,370 8,859 9,614
Technology development 3,602 2,916 6,623 5,278
Client reimbursements 113 637 735 1,156
Restructuring - 932 - 839
Depreciation and
amortization 2,832 2,610 5,620 5,245
Total expenses 24,930 28,398 50,394 57,381

OPERATING (LOSS) INCOME (330) 1,620 81 4,394

INTEREST INCOME (EXPENSE):
Interest income 84 275 236 523
Interest expense (159) (88) (299) (185)
Total interest
(expense) income, net (75) 187 (63) 338

NET (LOSS) INCOME $(405) $1,807 $18 $4,732

Net (Loss)
Income per Share
Basic and diluted $(0.02) $0.10 $0.00 $0.27
Weighted Average Shares
Outstanding
Basic 18,273 17,676 18,244 17,670
Diluted 18,273 17,676 18,247 17,670

Other Data:
Adjusted EBITDA $2,736 $5,501 $6,154 $11,175
Capital expenditures $2,018 $4,550 $3,386 $5,128
Transaction processing
volumes 22,018 21,632 45,009 44,917



As of June 30, As of Dec. 31,
2007 2006
Consolidated Balance Sheet Data:
Cash and cash equivalents $14,512 $24,444
Total shareholders' equity 45,023 41,132



TRX, INC. AND SUBSIDIARIES
RECONCILIATION OF GAAP FINANCIAL MEASURES
TO NON-GAAP FINANCIAL MEASURES
(In thousands)

Reconciliation of Net (Loss) Income to Adjusted EBITDA

Three Months Six Months
Ended June 30, Ended June 30,
2007 2006 2007 2006

Net (loss) income $(405) $1,807 $18 $4,732
Depreciation and amortization 2,832 2,610 5,620 5,245
Interest expense (income), net 75 (187) 63 (338)

EBITDA 2,502 4,230 5,701 9,639
Stock compensation expense 234 339 453 697
Restructuring expenses (1) - 932 - 839
Adjusted EBITDA $2,736 $5,501 $6,154 $11,175

(1) In fiscal 2006, we recorded restructuring expenses for severance,
lease abandonment and associated asset impairment charges from the
closure of certain customer care operations.

SOURCE TRX, Inc.

Source: PR Newswire (August 9, 2007 - 5:30 AM EST)

News by QuoteMedia
www.quotemedia.com

TRX and Park 'N Fly Network Increase Convenience for Corporate Travelers
Provide Off-Airport Parking Reservations within the Online Travel Booking Process

ATLANTA, July 20 /PRNewswire-FirstCall/ -- TRX, Inc. (Nasdaq: TRXI), a global technology company that develops and hosts software applications to process data records and automate manual processes, and Park 'N Fly Network, the premier online booking engine for off-airport parking, today announced they have integrated Park 'N Fly Network inventory into TRX's RESX corporate online booking solution in a manner seamless to end users.

Business travelers using the RESX corporate booking solution are able to add parking reservations to their itineraries during the booking process. 'With Park 'N Fly's quality network of owned and affiliated locations, travel managers can have confidence that they will be able to save up to 50% versus on-airport parking while also enhancing their travelers' experience,' said David Grocer, Senior Vice President, Marketing & Sales, for Park 'N Fly Network. 'Travelers will have guaranteed parking while also the convenience of pick-up and drop off at their car, luggage assistance and frequent shuttle service,' he continued.

'Utilizing RESX's robust Web services capabilities, we will provide an unparalleled reservation experience for corporate travelers as they seek off- airport parking assistance,' said RESX Technologies President, Shane Hammond.

TRX and Park 'N Fly Network will feature their integrated capabilities at the National Business Travel Association (NBTA) convention and tradeshow in Boston, Massachusetts next week.

About TRX

TRX (Nasdaq: TRXI) is a global technology company. We develop and host software applications that process data records and automate manual processes, enabling our clients to optimize performance and control costs. We are a leading provider to the travel industry and are expanding into financial services and healthcare. We deliver our technology applications in an on- demand environment to travel agencies, corporations, travel suppliers, government agencies, credit card associations, credit card issuing banks, and third-party administrators. TRX is headquartered in Atlanta with operations and associates in North America, Europe, and Asia. Please visit the company's Website at http://www.trx.com.

About Park 'N Fly Network

Park 'N Fly operates 19 facilities in 12 markets nationwide. Additionally, Park 'N Fly offers a network of off-airport parking services at nearly 90 locations through its Internet-based reservation system, the Park 'N Fly Network. Please visit the company's Websites at http://www.pnf.com and http://www.parknflynetwork.com.

SOURCE TRX, Inc.; Park 'N Fly Network

Source: PR Newswire (July 20, 2007 - 10:32 AM EST)

Form 8-K for TRX INC/GA

19-Jul-2007

Entry into a Material Definitive Agreement


Item 1.01 - Entry into a Material Definitive Agreement.

On July 13, 2007, TRX Data Services, Inc. ("TRX Data Services"), a wholly-owned subsidiary of TRX, Inc., and Citibank, N.A. ("Citibank") executed an amendment to the Master Services Agreement dated February 1, 2002, as amended (the "Amendment"). The Amendment extends the term of the Master Services Agreement from January 13, 2009 to December 31, 2010. The primary purpose of the Amendment is for TRX Data Services to sell a limited perpetual license of certain source code to Citibank in order for Citibank to perform certain services in-house that have previously been hosted by TRX Data Services. TRX Data Services will continue to perform maintenance and project services for Citibank.

Management does not currently expect the terms of the Amendment to have a material effect on the financial position, results of operations, or cash flows of TRX, Inc. during 2007.

DATABASICS To Demonstrate Expense Reporting & On-Line Booking Integration with TRX at National Business Travel Association's International Convention and Exposition.

RESTON, Va., July 17 /PRNewswire/ -- DATABASICS, Inc a leading provider of expense reporting software, announced today that it will demonstrate integration between its expense reporting solution, ExpenSite, and TRX's RESX corporate online travel booking solution at the National Business Travel Association's International Convention and Exposition in Boston, July 22nd - 25th.

The integrated solution minimizes data entry for travelers and provides the reporting that travel managers and TMC's need to get best value for travel spend.

'What we are demonstrating here is that there's nothing speculative or even particularly difficult about integrating best-of-breed expense reporting and on-line booking solutions. Both TRX/RESX and DATABASICS have open architectures and together, we developed our integration in less than two months,' observed Marcel Syriani, Chief Technology Officer, of DATABASICS. 'Our goal and TRX's has always been to empower the customer to pick the best-of-breed solution for each component of the expense management value chain, and our organizations have proven that organizations need not compromise their requirements or uproot successful systems to realize the benefits end-to-end travel management.'

The goal to link DATABASICS' ExpenSite and TRX's RESX was first announced in May.

You can visit DATABASICS at NBTA at Booth # 2048 and TRX at Booth # 1843.

About DATABASICS

DATABASICS, located in Reston, Virginia is a leading provider of expense reporting. Since 1997 DATABASICS has devoted itself to producing the most adaptable and comprehensive expenses solutions. Its implementations range from small consultancies to enterprises with tens of thousands of users. DATABASICS products are sold through authorized resellers as well as by the company directly. Both Software-as-a-service (SaaS) and licensing options are offered.

Please visit the company's Website at http://www.data-basics.com .

About TRX

TRX (Nasdaq: TRXI) is a global technology company. We develop and host software applications that process data records and automate manual processes, enabling our clients to optimize performance and control costs. We are a leading provider to the travel industry and are expanding into financial services and healthcare. We deliver our technology applications in an on- demand environment to travel agencies, corporations, travel suppliers, government agencies, credit card associations, credit card issuing banks, and third-party administrators. TRX is headquartered in Atlanta with operations and associates in North America, Europe, and Asia. Please visit the company's Website at http://www.trx.com .

SOURCE DATABASICS

Source: PR Newswire (July 17, 2007 - 11:31 AM EST)

Good new's is about to start rolling out of TRXI in the coming months. This is not just a trade this is a bet on the future of the company & its new offerings(their data mining solutions are the best in the industry)



TRX Unveils Plans for 6th Generation CORREX Reservation Processing Platform

New Interfaces Give Agencies and Corporations More Real-Time Data and Control

TRX, Inc. (NASDAQ: TRXI), a global technology company that develops and hosts software applications to process data records and automate manual processes, today unveiled its plans for the CORREX Gen6 initiative – a multi-phased evolution of the CORREX travel reservation processing platform that will incorporate agency and corporate interfaces and take advantage of Web 2.0 innovation.

CORREX is an industry-leading travel reservation processing platform that automates quality control, file finishing, ticketing, and other mid-office activities formerly handled manually by travel agents. The solution drives processing efficiency for travel management companies, corporate travel departments, and suppliers, providing them with significant reengineering savings and allowing them to reallocate agent time and attention to higher value activities.

TRX initiated the CORREX Gen6 project in 2006 through an intensive research effort involving clients and travel industry stakeholders. Earlier this year, TRX compiled a special advisory board, which includes five mega and regional travel management companies from the US and UK, three Fortune 100 corporations, and a major airline, to ensure ongoing feedback and guidance through every stage of the development process.

TRX plans to demonstrate the first phase of CORREX Gen6 at the National Business Travel Association (NBTA) convention and tradeshow this July in Boston, Massachusetts. TRX is targeting completion of the first release of CORREX Gen6 in Q42007.

“Over the last 20 years CORREX has played a major role in helping travel management companies transform their businesses,“ commented TRX President & CEO, Trip Davis. “The next generation CORREX will give greater control and visibility to our existing client base and extend the power of the CORREX platform to small and medium sized agencies and airlines.”

CORREX originally launched as a licensed seat finder application in 1988. The application evolved to a hosted reservation processing platform and service bureau that corrects and improves travel bookings, connects enterprise database applications, collects pre-trip data, and directs reservation information to multiple parties. The platform houses over 100,000 travel processing routines and provides users with complete flexibility over their business rules.

CORREX supports all 5 of the top 5 US agencies as well as leading non-US agencies. Through its distributor relationships, CORREX processes data daily on over 200,000 travel reservations for more than 20,000 corporations located throughout 45 countries.

The first phase of CORREX Gen6 will result in increased visibility and flexibility for clients, featuring a new, Web-based CORREX portal with various agency and corporate facing tools, including dashboards, service level metrics, operational benchmarks, agency and account information, current news, service request status reporting, and customized reports. The new release will also feature upgraded email and itinerary management tools and will enable users to make changes to the business rules governing their automated processing.

“We are excited to offer our clients choice in how they manage CORREX,” said Davis. “For some, the service bureau approach – more of an outsourced management of the application – is the way to go. For others, they want to have more immediate, hands-on control over their routines. Either way, we are significantly enhancing the capabilities and features of the product to make it more flexible and intuitive. We have seen the power of advanced data visualization with TRAVELTRAX. As we develop our new agency and corporate interfaces for CORREX, we are extending the same Web 2.0 presentation advancements.”

TRX will feature CORREX Gen6, along with TRX Travel Analytics, RESX, and TRAVELTRAX solutions, at the National Business Travel Association (NBTA) convention and tradeshow in Boston, Massachusetts in July.

About TRX

TRX (NASDAQ: TRXI) is a global technology company. We develop and host software applications that process data records and automate manual processes, enabling our clients to optimize performance and control costs. We are a leading provider to the travel industry and are expanding into financial services and healthcare. We deliver our technology applications in an on-demand environment to travel agencies, corporations, travel suppliers, government agencies, credit card associations, credit card issuing banks, and third-party administrators. TRX is headquartered in Atlanta with operations and associates in North America, Europe, and Asia.

Trevelino/Keller Communications Group for TRX, Atlanta
Kira Perdue, 404-214-0722, extension 101
kperdue@trevelinokeller.com


Source: Business Wire (July 10, 2007 - 8:43 AM EST)