MINNEAPOLIS, Minn. – HITEC Booth # 1641 , June, 20 2006 -

AltiusPAR, a pioneer in developing software and service solutions for the hospitality industry, today announced that it has signed a long-term contract with OSIB Operations Holdings to provide its full suite of software solutions to the company’s new Europe-based hotels. OSIB plans to open two hotels in Amsterdam during the first quarter of 2007, followed by rapid expansion into other regions of Europe.

“We evaluated many different companies and technologies and chose AltiusPAR because it was the only company that combined everything we needed – CRM with CRS, PMS, booking engine and GDS/onward distribution – in one simple, easy-to-use and install package,” said Michael Levie, CEO of OSIB. “We will include AltiusPAR’s ASP solution in the core of our centralized organization with all distribution and programs directly connected to it. AltiusPAR is what the hotel industry has long been waiting for and we’re excited to be a part of this automation revolution.”

More about the Deal

AltiusPAR is providing OSIB’s hotels with a complete suite of reservations and guest management software solutions, including the AltiusPAR Central Inventory System, Revenue Management, Internet Booking Engine, Global Distribution Connectivity, Sales and Catering and Property Management System products. In addition, the software suite will work with the hotels’ use of RFID technology to manage check-in, check-out, housekeeping and other RFID-powered data.

“AltiusPAR is thrilled to be working with OSIB because we understand what a priority the company places on providing the best and most innovative customer service,” said Connie L. Rheams, AltiusPAR vice president. “AltiusPAR solutions are Web-based and on demand, which offers the easiest and quickest deployment, and will support OSIB’s plans for rapid expansion.”

Because AltiusPAR is an enterprise solution, all guest data will be stored in one easy-to-use Web-based database for profile and frequent guest management as well as marketing promotions. In addition, the booking engine will allow customers to design their rooms at the point of booking, which will result in more satisfied customers. 

To hear more about how AltiusPAR or its solutions, please visit us at www.altiuspar.com or call (940) 497-5300.

About AltiusPAR

AltiusPAR is a pioneer in developing technologies that enable hotels and hotel chains to better manage room inventory, increase revenue and improve the customer experience. Built with the unique needs of the hospitality industry in mind, AltiusPAR removes the hurdles hotels face when trying to manage complex inventory and pricing data across multiple reservation channels. Built using industry leading technologies from Oracle and other partners, AltiusPAR offers a lower TCO due to its On Demand delivery model. It is a highly scalable and easy-to-use solution that frees customers from the burden of technology capital expenditure, hardware, software, service and maintenance, allowing them to concentrate on their core business initiatives.

Founded and managed by hospitality industry veterans, AltiusPAR is a privately held company headquartered in Dallas, Texas, and Mexico City. For more information about the company or its solutions, please go to www.altiuspar.com.

Media Contact:           

Tammy H. Nam                                    

Principia Group for AltiusPAR                

tnam@principiagroup.com                     

(415) 425-9142                                      

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