Expansion
September 17 2003 - 9:50AM
UK Regulatory
RNS Number:8710P
2 Travel Group PLC
17 September 2003
17th September 2003
2 TRAVEL GROUP PLC
EXPAND BUS SERVICES IN SWANSEA
2 Travel Group Plc, the AIM listed South Wales based bus and coach operator is
continuing its expansion programme with the initiation of a further 11 bus
registrations/services in East Swansea and Swansea Valley. This follows the
Company's recently awarded licence extension which increased its operational
capacity to 110 buses.
2 Travel CEO Bev Fowles said: "We have strong operations in the Neath area
where we now transport over 1000 passengers a day, and are delighted to expand
on our presence in the Swansea district. The new all day bus services,
operating on commercial routes and integrated with school services, are expected
to increase annual turnover significantly. We expect new opportunities to
continue to open up in the area as growth in public transport persists.
"We remain committed to our business model of building a company through organic
growth but also continue to explore acquisition opportunities in Wales and the
South West, to build a company that provides stability and value for
shareholders."
Issued on behalf of 2 Travel Group Plc by St Brides Media & Finance Ltd, 46
Bedford Row, London WC1R 4LR.
Contacts:
Bev Fowles 2 Travel Group Plc Tel: 01792 483 040
Isabel Crossley St Brides Media & Finance Ltd Tel: 020 7242 4477
Notes on 2 Travel Group Plc:
* Has two main divisions: a bus operation and a private charter coaching
operation.
* Primary business - the bus operation - is centred predominantly on 3-5
year local authority contracts for school and local commercially run bus
services in the Swansea and Cwmbran areas, although it also undertakes other
contract work for the DVLA, the Royal Ordnance, supermarkets such as Asda and
Tesco and ad hoc work for customers such as National Express.
This information is provided by RNS
The company news service from the London Stock Exchange
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