Delray Beach, FL August 14, 1998 (ICB TOLL FREE NEWS) Travel Services International, Inc., dba The Travel Company (Nasdaq: TRVL - news), a leading specialized distributor of leisure travel services, announced today that it has signed definitive agreements to acquire 1-800-CRUISES, Inc. and Jubilee Enterprises, Inc., dba The Travel Department, affiliated entities located in Boca Raton, Fla. The purchase consideration will be paid in cash and shares of common stock of the Company. The acquisitions are expected to close during August.

Among the assets to be acquired in these acquisitions are the toll-free telephone numbers 1-800-CRUISES, itself valued by Joseph Vittoria, Chairman and CEO of The Travel Company, at 7-figures, and 1-800-CRUISING and the www.1-800-CRUISES.com web-site address. In addition, the entities operate a small cruise reservation call center.

Mr. Vittoria stated: ``This acquisition has great strategic value to us as we begin to develop our new brand name, The Travel Company, in the cruise reservations market. The 1-800-CRUISES telephone number is quickly recognized, easy to remember and can be used in a variety of media. We will use this number as a key part of our new national marketing strategy in the cruise segment which we expect to launch this fall.''

The Travel Company is a leading specialized distributor of cruise vacations, domestic and international airline tickets and European auto rentals, and a leading provider of electronic hotel reservation services. The Company provides travel agents and travelers a unique combination of specialized expertise, the ability to compare options from multiple travel providers and competitive prices. The Company currently operates in four segments -- cruise, airline, European auto rentals and hotel reservation services.

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