TRAVEL NETWORK is a chain of full service travel agencies. TRAVEL NETWORK was founded in 1982 and has over 350 travel agencies in 35 states.

BUSINESS TRAVEL NEWS: selected TRAVEL NETWORK as one of the "Top 100 Companies of the Year" in the travel industry consistently from 1990 through 1994. Sales for the Travel Network chain exceeds $1 billion.

SUCCESS MAGAZINE: Based upon an independent survey and analysis of franchise companies done by Ernst and Young, a big six accounting firm, Travel Network was selected to be featured among the Top 100 Franchise Companies

INCOME OPPORTUNITIES: Based upon independent evaluations and analysis of franchise companies, we have again been rated the #1 Travel Agency Franchise and #3 of the Top 200 Franchise Companies (February, 1994, February, 1995, and March, 1996).

BLACK ENTERPRISE MAGAZINE: Each year, the September issue of Black Enterprise Magazine recognizes and features what they believe to be the Top 50 Franchise companies. Travel Network is honored to have been included in this prestigious group every year since 1989 and has been rated the #1 Travel Agency Franchise.

ENTREPRENEUR MAGAZINE: Based upon a study of franchise companies done by Entrepreneur Magazine, Travel Network was selected as a member of the Top 500 companies and was ranked as #60 out of over 1,000 companies studied. (January, 1996 issue)

ENTREPRENEUR INTERNATIONAL EDITION: Travel Network was rated the #1 travel franchise in the world in the January/February, 1996 issue.

These publications noted the quality of excellence of the top management at Travel Network and the positive impact of this leadership on the Travel Network Franchise System.

Why a franchise? A high percentage of all new business started by individuals fail in a short time - while the failure rate of businesses involved with franchises fall dramatically to as low as 5%. A good reason why close to a third of all retail sales are made by franchised companies.

Why Travel Network?We believe that Travel Network's management team is the most experienced and successful available today in the franchise travel agency field. The resources and structure available to Travel Network through its own facilities and affiliated organizations, is we believe, the most complete and realistic available. Further, while other franchises may include in their offerings what are apparently the same elements, called by the same name, we believe the Travel Network package is superior - and we invite you to compare any or all of the following:

• IMAGE - Travel Network has an existing image which has been advertised, and has achieved a degree of recognition with the public. Your Travel Network agency will benefit from this image in gaining prompt recognition as a part of a substantial organization, active in many parts of the USA and the world. Travel Network has been recognized and honored for many years as the number one travel agency franchisor by prestigious financial advisors in the business community.
• MARKETING/ADVERTISING/PUBLIC RELATIONS - Travel Network franchisees benefit from the services of skilled professionals that no individual travel agency could normally afford. They prepare, for your benefit, regional advertising which you can afford because the cost is shared by a number of franchisees - and often by travel suppliers as well. In addition, they create striking local advertising material for your use in newspapers, radio, TV and direct mail. Further, you receive material and instructions for gaining all-important "free advertising" by giving news materials to your local media.
  Also noteworthy is that Travel Network has been honored by the most prestigious travel industry newspaper with awards for having the best marketing program and the best public relations campaign.
• OPERATIONS PROCEDURES - once we have both agreed that you are qualified and your agreements signed for a Travel Network franchise, out setup team goes into action to get your agency open and operating in the shortest possible time.

1. The sophistication and complexity of many businesses in today's computerized world makes it far more difficult for the average individual to go into business independently.
2. Particularly today, the travel agency business requires such a wide range of organizational capabilities and facilities that the wise, aspiring travel agency owner will choose to associate with the facilities and background of a strong existing organization.
3. The public equates size with dependability - thus a new travel agency that is part of a franchise network is more acceptable to prospective customers.
4. The current situation in the travel industry resulting from airline and other deregulation makes it advisable for the individual travel agency to be a part of a sizable group for buying power.
5. The Travel Network franchise is designed to enable the average individual, with a desire to learn and to use his or her own initiative, to be successful in the travel agency business. Travel Network's objective is to be an international network of individually owned travel agencies, providing personnel, training and the most modern facilities to serve their individual communities profitably.
6. The Travel Network franchise assures you:
   • A common identity that will be widely advertised and recognized.
   • A training program in the basics of day-to-day operations, finances, sales and marketing.
   • Assistance in locating and training competent personnel.
   • On-going training and informational services to keep the franchises up-to-date as to requirements and opportunities in the travel business.
   • On-going marketing/advertising campaign to bring customers into your Travel Network agency.
   • Materials and plans for effective local marketing, advertising and sales.
   • State-of-the-art computerized equipment to provide your customers with instant information, reservations, tickets, etc.
   • Substantially higher commissions, not normally available to other individual travel agencies, are immediately available to Travel Network franchisees.

Travel Network believes that these fundamentals position the Travel Network franchise agency to be competitively superior - with a far better than average opportunity to become successful and profitable.

This outline provides you with basic information. It answers many questions, and after reading it you will not only know some of the answers you are seeking, but also know which questions to ask to be sure that the Travel Network franchise is suitable to your personal needs and desires.

Michael Y. Brent, President/Chief Executive Officer, is at the helm of Travel Network. His lifetime of experience in the travel industry has given him valuable insights into every area of this complex industry including hotel development, tour operation and packaging, as well as travel agency management. His dynamic leadership had given focus and direction to the Travel Network Franchise System.

Stephanie Abrams, Executive Vice President has established an outstanding record in the travel industry with a range of experience in retail as well as wholesale travel. Her achievements in marketing and franchise leadership were recognized by her inclusion as a special honoree in the 1991 edition of Who’s Who in American Business Leaders, and every successive year since has been distinguished in both Who’s Who in American Business Leaders and Who’s Who Worldwide being included in the Platinum Edition.

This excellence of leadership has resulted in a superior organization which filters through every level of the company and ultimately results in high-quality services and competitively priced, value-packed travel arrangements for Travel Network clients. The result of our national clout is worldwide buying power with domestic and international air carriers, hotels and resorts, car rental companies and cruise lines.

Travel Network has been recognized as a marketing leader and has won awards for its unique frequent traveler program, Matching Miles, which has been expanded into the Miles-To-Go program. Clients build brand loyalty by receiving Travel Network mileage with every purchase.

Travel Network agencies provide excellent service and competitive pricing for the business traveler, for specialized business-related travel (conferences, conventions, sales meetings, incentive trips, employee vacation packages), as well as for the leisure traveler, including significant savings from our special cruise line contracts and our air consolidation department.

As a result of our strong presence in the travel industry, Travel Network clients are the beneficiaries of significant savings in every area of travel. Travel Network clients also benefit from the skilled professional handling of their travel arrangements by our highly trained staff.

For this reason, we are confident that you will understand why TRAVEL NETWORK is

Travel Network's management team is comprised of men and women who have spent much of their lives in the travel industry - and know it from every level. These are successful, well-regarded individuals whose experience, reputation, know-how and contacts in the travel industry become part of your of your resources.

Through Travel Network affiliations, you have special relationships with numerous other helpful organizations in the travel industry which include a travel consortium, a travel wholesaler, and various tour operators which create important benefits for you as a Travel Network agency owner.

The Travel Network franchise system also gains considerable clout from its affiliated companies. We invite you to check our references:

Global TRAVEL NETWORK, LTD. is a global franchise company that was formed in 1982 to provide an investor with a full service travel agency set-up. We now have over 350 franchisees all over the United States plus international locations (see franchise list). Our best references are our agency owners who have benefited from putting the Global Travel Network System to work on their behalf.

S.P.A.C.E. CONSORTIUM, our affiliated company, is over 25 years old and is a marketing organization with a sales volume of 6.2 billion dollars that serves as a liason between Travel Agents and Travel Suppliers and provides increased overrides to its members, which currently exceed 1,850 nationwide. This structure provides enormous facilities background, contacts, and clout, available for the benefit of you and our other Global Travel Network franchisees.