Dear Travel Professional,

Travcoa is proud to share with you the news that we have been recognized in the top tier of Travel + Leisure Magazine’s "World’s Best" list of tour operators and safari outfitters. Travcoa was ranked #4 and was the only international tour operator; the other top three travel companies were all safari outfitters. More than 425,000 readers responded to the survey, with the results listed in the magazine’s upcoming August issue. Tour operators and safari outfitters were evaluated on six criteria: staff and guides; itineraries and destinations; activities; accommodations; food; and value.

It is an honor to receive the accolades from a discerning and sophisticated group of travelers. Our success is based on a combination of planning authentic cultural encounters in the world’s most fascinating destinations, delivering all-inclusive value, and providing the most remarkable customer service. We are thrilled to see the traveling public has validated our strategy with their votes.

The most important element in Travcoa’s success is the desire to deliver a product that is an authentic, highly memorable and personal one. Travelers particularly enjoy the small groups and over-the-top personal concierge services provided by Travcoa’s renowned Travel Directors in addition to the local guides.

We know that you realize that Travcoa’s all-inclusive value goes well beyond the norm. For example, Travcoa’s Dine-Around service caters to all appetites. This flexible service allows clients to dine where and when they want while it’s included in the price. This is just one of the many features that distinguish Travcoa from other tour operators.

For half a century we have been working with you, our travel agent partners, to send your clients to some of the most remarkable places on earth. In many ways, we share this grand award with you and thank you for your constant support. We look forward to continued partnerships with you and are pleased to announce the new programs slated for 2005 include trips to Bangladesh, Uzbekistan, Mozambique, Ethiopia, and Iran among others. Visit us on the web at www.travcoa.com.

Thank you very much for your continued trust in Travcoa.

Tom Stanley
President

P.S. Travcoa is a member of USTOA and a member of the Grand Expeditions collection of extraordinary travel companies committed to delivering unforgettable journeys to those who want to explore, discover and experience some of the most alluring and unique destinations around the globe. To learn more about Grand Expeditions, please visit our web site at www.grandex.com.