Dear Traveas friend,

We can no longer keep the pride inside us, so let me present a great milestone in our young company´s history: Traveas enters a partnership with a giant on the global market. Unfortunately we cannot reveal their name at this point, but they are represented on the list of the worlds five largest Travel Management Companies. We have won their account for the European market and they will role out our service to their three major markets in Europe France, UK and Germany.

Their market launch for the service will take place during the Business Travel Show in London next week, the 10th to 12th of February, and we will of course be attending the BTS as well.

With this new client on the European market we have decided to get up to speed with our internationalization process even more. We originally planned to do a new issue in the end of Q1 but to speed up we decided to make a smaller new issue in mid January. Despite a very tough financial environment we raised around 1 Million SEK which we of course are very happy for. The money is dedicated to the expansion of our international business.

The processes are already started, and this week we are off to both Berlin to educate the Swedish Trade Council – who is our partner in Germany. Then a visit to Paris where we work together with the organization Invest in France, who helps us to set up a roadshow in France.

On top of that we already have lots of very interesting dialogs on our own, outside the Nordics and even outside of Europe in both USA and Asia and we are of course very excited about this fact

As you can hear we have a fantastic exiting 2009 in front of us, and the word that best describes our focus right now is of course sell. I repeat: SELL, SELL, SELL!

Looking forward for keeping you updated.

Jack and the rest of your Traveas team