Orbitz 2008 Annual Report Download - page 8

PART I
Forward-Looking Statements
This Annual Report on Form 10-K/A and its exhibits contain forward-looking statements that are subject to risks, uncertainties and other factors that may
cause our actual results, performance or achievements to be materially different than the results, performance or achievements expressed or implied by the
forward-looking statements. Forward-looking statements include statements about our expectations, beliefs, plans, objectives, intentions, assumptions and other
statements that are not historical facts. Forward-looking statements can generally be identified by phrases such as "believes," "expects," "potential," "continues,"
"may," "will," "should," "seeks," "predicts," "anticipates," "intends," "projects," "estimates," "plans," "could," "designed," "should be" and other similar
expressions that denote expectations of future or conditional events rather than statements of fact. Forward-looking statements also may relate to our operations,
financial results, financial condition, business prospects, growth strategy and liquidity. Our actual results could differ materially from those anticipated in
forward-looking statements for many reasons, including the factors described in Item 1A, "Risk Factors," and in Item 7, "Management's Discussion and Analysis
of Financial Condition and Results of Operation," in this Annual Report on Form 10-K/A. Accordingly, you should not unduly rely on these forward-looking
statements. We undertake no obligation to publicly revise any forward-looking statement to reflect circumstances or events after the date of this Annual Report
on Form 10-K/A or to reflect the occurrence of unanticipated events.
The use of the words "we," "us," "our" and "the Company" in this Annual Report on Form 10-K/A refers to Orbitz Worldwide, Inc. and its subsidiaries,
except where the context otherwise requires or indicates.
Item 1. Business.
General Description of Our Business
We are a leading global online travel company that uses innovative technology to enable leisure and business travelers to research, plan and book a broad
range of travel products. Our brand portfolio includes Orbitz, CheapTickets, the Away Network, and Orbitz for Business in the Americas; ebookers in Europe;
and HotelClub and RatesToGo based in Sydney, Australia, which have operations globally. We provide customers with the ability to book a comprehensive set
of travel products, from over 85,000 suppliers worldwide, including air travel, hotels, vacation packages, car rentals, cruises, travel insurance and destination
services such as ground transportation, event tickets and tours.
As of December 31, 2007, we had approximately 1,590 full-time employees, more than half of which were based in the U.S. and the remaining based
primarily in Australia and the U.K. We believe our relationship with our employees is good. We outsource some of our technology support, development and
customer service functions to third parties. Additionally, we utilize independent contractors to supplement our workforce, the majority of which have been
engaged in connection with the development of our global technology platform.
History
Orbitz, Inc. ("Orbitz") was formed in early 2000 by American Airlines, Inc., Continental Airlines, Inc., Delta Air Lines, Inc., Northwest Airlines, Inc. and
United Air Lines, Inc. (the "Founding Airlines"). In November 2004, Orbitz was acquired by Cendant Corporation ("Cendant") whose online travel distribution
businesses included the CheapTickets, HotelClub and RatesToGo brands. In February 2005, Cendant acquired ebookers Limited, an international online travel
brand with operations in 13 countries throughout Europe ("ebookers").
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Source: Orbitz Worldwide, In, 10-K/A, August 28, 2008