ATLANTA, June 25 /PRNewswire-FirstCall/ -- TRX, Inc. , a global technology company that develops and hosts software applications to process data records and automate manual processes, today announced the signing of a new lease agreement with NNN Park Central, LLC, et. al. to keep its corporate headquarters in Atlanta and move its location to The Park Central, 2970 Clairmont Road, Atlanta, Georgia 30329. The initial term of the building lease is 11 years.
"We are excited to maintain our corporate headquarters in Atlanta and to move to the new facility. This is a great market for so many leading technology and software companies," said Trip Davis, TRX President & CEO. "With this lease, we have made a long-term commitment to Atlanta as our home base to continue the growth and momentum we have built globally in providing travel data technology software and services."
TRX will rent approximately 43,562 square feet of office space in the new location, which offers a better utilization of space and provides a cost savings compared to the current lease. TRX will not renew its existing lease agreement, which expires on October 31, 2008, and anticipates relocating in the fourth quarter of 2008.
About TRX
TRX is a global technology company. We develop and host software applications that process data records and automate manual processes, enabling our clients to optimize performance and control costs. We are a leading provider to the travel industry. We deliver our technology applications in an on-demand environment to travel agencies, corporations, travel suppliers, government agencies, credit card associations, credit card issuing banks, and third-party administrators. TRX is headquartered in Atlanta with operations and associates in North America, Europe, and Asia. Please visit the company's Website at http://www.trx.com/
