San Mateo, CA & New York, July 28, 2022–(BUSINESS WIRE)–Mondy Holdings (“Mondy” or “we”) (NASDAQ: MOND), a high-growth travel technology company and marketplace, today announced that Orestes Finty Criss in the role of Vice Chairman of the Board and Chief Strategy and Business Development Officer. In his new role, Mr. Finticris will help oversee a variety of roles, including business development, strategic advisory, mergers and acquisitions, and investor relations, ensuring a smooth transition for Mondi from a private company to a public company. promote.
Mr. Fintiklis served as Chief Executive Officer and Chairman of ITHAX Acquisition Corp., a special purpose acquisition company that recently completed a business integration with Mondee. As of July 19, 2022, he has served on the Board of Mondee since the completion of the business combination. Fintiklis is a private equity property management firm with a focus on investing in hospitality special situations. He is the founder and managing director of Ithaca Capital. Marriott He is also the owner of several iconic and award-winning hotels such as Panama. Prior to joining Ithaca Capital, Mr. Fintiklis followed his successful 15+ year career in hospitality investment, development and wealth management. Mr. Fintiklis started his career as a lawyer at his Clifford Chance in London and graduated first in class from Oxford University, having an excellent academic background in law.
“We are delighted to welcome Orestes directly to the Mondi team. His track record of delivering strong results and operational management experience will continue to drive Mondi’s future organic and inorganic growth and strategic priorities. He is the right person at this critical inflection point to support, said Prasad Gundumogula, Mondee Founder and CEO.
“I look forward to becoming an even more important part of Mondi’s team as they continue to capitalize on growth opportunities in the travel industry, evolve their travel technology platform, next-generation solutions, and execute an aggressive M&A strategy. I’m very happy to see you,” said Mr. Fintycris. Mondi’s proven business model and EBITDA profitability, coupled with its impressive growth and recent public market introduction, have uniquely driven both further consolidation and disruption of the travel industry’s distribution channels, creating long-term value for shareholders. Brings ”
mondi is Technology-driven next generation market It is modernizing and disrupting the travel market. Mondee’s technology-driven growth strategy has produced strong financial and market performance, especially in the legacy-fueled assisted/partnered travel industry. We are the North American market leader Significant penetration of the travel professional segment through direct connections with over 500 airlines, over 1 million hotels and alternative accommodations, and a unique distribution network of over 50,000 leisure travel affiliates and agencies. Evate airfare market.
About Mondy Holdings Co., Ltd.:
Mondee Holdings, Inc. is a group of leading travel technology, services and content companies driving disruptive and transformative change in the leisure and corporate travel market. The company provides an innovative technology platform of SaaS, mobile and cloud products and services to its global customer base, processing more than 50 million searches daily and billions of dollars in transaction volume annually. . Founded in 2011, Mondee is headquartered in Austin, Texas, with 17 offices in the US and Canada, and operations in India, Thailand and Ireland. July 19ththIn 2022, Mondy will become a publicly traded company on the Nasdaq under the ticker symbol “MOND.” For more information, please visit https://www.mondee.com.
This press release contains “forward-looking statements” within the meaning of federal securities laws. Forward-looking statements may contain words such as “believe,” “could,” “could,” “expect,” “intend,” “could,” “plan,” “intend,” or can be identified by a similar reference to the period of Examples of forward-looking statements include, among other things, statements regarding future growth, performance, business prospects and opportunities, future plans and intentions, or other future events. Statements involve risks, uncertainties and other factors that could cause actual results to differ materially from those expressed or implied by such forward-looking statements.
These forward-looking statements are based on estimates and assumptions that are believed to be reasonable by the Company and its management but are inherently uncertain. We caution that these forward-looking statements involve risks and uncertainties, most of which are difficult to predict, many of which are beyond our control. Factors that could cause actual results to differ materially from current expectations include executing business plans, forecasts and other expectations following the recently completed business combination between ITHAX Acquisition Corp. and Mondee Holdings II, Inc. Capabilities include, but are not limited to: , the outcome of any legal proceedings that may be brought against the Company or others, and any final agreements therewith, in particular the ability to recognize the anticipated benefits of a business combination that may be affected by competition; , ability to manage our growth and profitable growth, maintain relationships with customers and suppliers, retain management and key employees, ability to meet Nasdaq listing criteria, and “Risk Factors” and “Precautions” Other Risks and Uncertainties Set forth in the section entitled “Notes Regarding Forward-Looking Statements” are set forth in the Company’s registration statement on Form S-4 for t. o The business combination declared effective by the SEC on June 27, 2022 and the Company’s subsequent filings with the U.S. Securities and Exchange Commission (“SECThere are additional risks not currently known to us or that we currently do not believe to be material that could cause actual results to differ from those contained in the forward-looking statements.
Nothing in this press release is a representation that the forward-looking statements made herein will be achieved or that any of the intended results of such forward-looking statements will be achieved. should not be regarded as You should not place undue reliance on forward-looking statements. These statements speak only as of the date they are made, and we expressly disclaim any obligation or undertaking to distribute updates or revisions to forward-looking statements to reflect subsequent events or circumstances. to reflect the date such statements are being made or the occurrence of unforeseen events;
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