JUNE OPERATING RESULTS REVEAL STRONG INTERNATIONAL SALES

Arlington, VA, July 15, 2004 - ARC's monthly operational statistics for June 2004 show international fares holding strong while domestic fares fell compared to the prior year.   International fares of $2,663,735,000 in the five processing weeks in June were the highest in three years and only about two hundred million shy of the all-time record international fares established in June of 2000. By contrast, domestic fares were four percent below where they were a year ago averaging $679 million per week in June - down from average weekly domestic fares well in excess of $700 million since January of this year.

Average weekly sales per agency location remained strong in June exceeding average weekly sales a year ago by eighteen percent. Total sales for the month were $6,782,890,000 or five percent above June a year ago but short of the strong five week processing month of March 2004 when total sales exceeded seven billion dollars.

Note: ARC's current and archived monthly statistics are available at no charge on ARC's Web site.  Visit http://www.arccorp.com/regist/index.jsp to register for access and email updates.

About ARC
ARC is the premier financial transaction processing and settlement corporation that facilitates the distribution of travel products and related information in the United States, Puerto Rico, and the U.S. Virgin Islands.   There are more than 25,000 ARC-accredited travel agency and corporate travel department locations and approximately 135 participating airlines and railroads in ARC's settlement system.  Using increasingly sophisticated electronic means for ticket distribution, reporting, and remittance, these points of sale are responsible for air and rail sales exceeding $60 billion per year. For more information about ARC, please visit http://www.arccorp.com.