Press

FOR IMMEDIATE RELEASE

Contact:
David Gould
954.421.0525
davidg@hospitalitybrands.com
Kathy Boyle
301/825-0060
kathy.boyle@avendra.com


HBI Client Lands First Cruise Line Account

San Francisco, California, July 20, 2004. Avendra, LLC, and Silversea Cruises recently announced a new procurement services agreement. Avendra is the largest procurement services company in the hospitality industry and Silversea, a leader in the luxury segment of the cruise market, is its first cruise line client. HBI Advisors, which assists suppliers and advertisers in the development and implementation of strategic partnerships with travel companies, acted as a consultant to Avendra, LLC, and played a pivotal role in bringing the two parties together. Under the terms of the agreement, Silversea will be leveraging Avendra's key purchasing programs, including food & beverage, room operations, administrative services, cleaning, janitorial and maintenance products. The cruise industry is one of the strategic new growth markets Avendra has targeted, and it has partnered with HBI Advisors to help secure a significant share of that market.

"The agreement between Avendra and Silversea is the result of many months of hard work by the two parties and our company to ensure that Avendra's unparalleled procurement capabilities can be fully realized in the cruise industry sector, " notes David Gould, Executive Vice President of HBI. "Avendra recognized early on that the cruise industry is quite different from the land-based hospitality business and has made extraordinary efforts to tailor its services specifically for cruise lines."

"HBI's expertise and contacts were critical in the development of our new cruise industry focus," notes Mark H. Berey, Executive Vice President, Business Development and CFO of Avendra. "They have been extremely valuable in helping us tailor our services to meet the needs and concerns of the cruise industry."

About Avendra
Avendra is North America's leading procurement services company serving hospitality-related industries. Avendra customers gain access to contracts leveraging $2 billion of annual purchases, expert advisory services and in-depth purchasing data and analysis. Through Avendra, customers obtain substantial savings on their purchases and other value added services to improve their operations and bottom line results. Formed in 2001, the company is headquartered in Rockville, MD and has regional offices throughout the United States and Canada. For more information, please call toll free, (866) AVENDRA, visit www.avendra.com, or email inquiries to info@avendra.com.

About HBI
Hospitality Advisors, a division of Hospitality Brands Incorporated, specializes in developing and implementing strategic partnerships between travel industry companies, including cruise lines, hotels and time share companies, and outside firms that want to do business with them or reach their guests. HBI Advisors works with its clients to identify appropriate travel industry partners, assist in the negotiation of mutually-beneficial agreements with them, and implement those partnerships. Clients include automobile manufacturers, pharmaceutical firms and alcoholic beverage companies who wish to market their products to travelers, and suppliers to cruise lines, hotels and timeshare companies. For more information, contact David Gould at 954.421.0525 or at davidg@hospitalitybrands.com



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