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Travelzest plc, the British online travel group offering specialist travel programmes, is pleased toannounce the acquisition of Captivating Cuba Limited ("Captivating Cuba"), a specialist UK touroperator offering holidays to Cuba.

Travelzest has agreed to pay £10,001 for Captivating Cuba and will invest in the business torepay loans (£242,000) and provide additional working capital. The business reported a smallloss in the last financial year and Travelzest has already identified a number of initiatives that itbelieves will result in the acquisition being earnings enhancing in 2008.

Captivating Cuba offers tailor-made holidays and escorted tours. It has a team of highlyexperiencedsales staff based in the UK, all of whom know Cuba in depth and are able to usetheir local knowledge and expertise to provide detailed advice on planning a holiday to Cuba.They are supported by a team of representatives and administration staff in Cuba.

Commenting on the acquisition, Chris Mottershead, Travelzest's Chief Executive, said:

"Cuba is a fascinating Caribbean island providing customers with the opportunity to visit Havana, a city with a unique atmosphere and character together with some of the most beautiful sandy beaches in the world. While it has grown in popularity for British travellers over the last few years, Canadians represent the largest number of visitors to, this, the largest of the Caribbean islands.

"Captivating Cuba is a good example of a business with great potential. It already sells over 3,500 holidays a year to the UK market and by linking with itravel2000.com, our Canadian operation, we will be able to exploit this opportunity further and deliver strong organic growth over the coming years."

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