eLong Ranked Number 372 in Deloitte Technology Fast 500 Asia Pacific 2005 Program
12/15/2005
BEIJING, China - December 13, 2005 - eLong, Inc. (NASDAQ: LONG), a leading online travel service provider in China, today announced that it ranked Number 372 in the Deloitte Technology Fast 500 Asia Pacific 2005 program, which recognizes fast growing technology companies across Asia Pacific. This is the third consecutive year that eLong has successfully competed to rank among some of the largest and most progressive technology companies from the Asia Pacific region.
The Deloitte Technology Fast 500 Asia Pacific program recognizes technology companies that have achieved the fastest of annual revenue growth rates in Asia Pacific during the past three years. Rankings are based on percentage revenue growth over three years, from 2002 to 2004. eLong's revenues grew 148 percent during this period.
"We attribute our company's strong growth track record to our expanded product offerings, enhanced services and improvement of user experience through technology," said Justin Tang, Chairman and Chief Executive Officer of eLong. "Technology is a competitive advantage for our company in both achieving optimum operational efficiency and providing our customers with a rich and satisfying overall user experience," Tang further explained.
"Congratulations to the companies that feature this ranking, especially those that have achieved all four years of the ranking. Their accomplishments are an inspiration and explode the myth that rapid growth is not sustainable," said Igal Brightman, Global Managing Partner of Deloitte Technology, Media & Telecommunications. For more information on the Deloitte Technology Fast 500 Asia Pacific program, visit www.deloitte.com/fast500asiapac.
Eligibility Criteria for the Deloitte Technology Fast 500 Asia Pacific 2005 Program
In order to have qualified for the 2005 Deloitte Technology Fast 500 Asia Pacific program, a company must have met the following criteria:
It must be a technology company defined as one that: 1) Develops proprietary technology which contributes to a significant portion of the company's operating revenues (Please note that using other company's technology in a unique way does not qualify); 2) Manufactures a technology-related product; and, 3) Devotes a high percentage of effort to research and development of technology.
It must be in business for a minimum of three years.
It must have revenues of at least US$50,000 in the first of the years being analyzed.
It must be Asia Pacific-owned, with headquarters in Asia Pacific.
About Deloitte
Deloitte refers to one or more of Deloitte Touche Tohmatsu, a Swiss Verein, its member firms and their respective subsidiaries and affiliates. As a Swiss Verein (association), neither Deloitte Touche Tohmatsu nor any of its member firms has any liability for each other's acts or omissions. Each of the member firms is a separate and independent legal entity operating under the names "Deloitte", "Deloitte & Touche", "Deloitte Touche Tohmatsu" or other related names. Services are provided by the member firms or their subsidiaries or affiliates and not by the Deloitte Touche Tohmatsu Verein.
Deloitte & Touche USA LLP is the U.S. member firm of Deloitte Touche Tohmatsu. In the US, services are provided by the subsidiaries of Deloitte & Touche USA LLP (Deloitte & Touche LLP, Deloitte Consulting LLP, Deloitte Financial Advisory Services LLP, Deloitte Tax LLP and their subsidiaries), and not by Deloitte & Touche USA LLP.
About eLong, Inc.
Founded in 1999, eLong is a leading online travel service company headquartered in Beijing with a national presence across China. The Company uses web-based distribution technologies and a 24-hour nationwide call center to provide consumers with consolidated travel information and the ability to access hotel reservations at discounted rates at more than 3,000 hotels in major cities across China. The Company also offers air ticketing and other travel related services, such as rental cars, vacation packages and corporate travel services.
eLong operates the websites http://www.elong.com and http://www.elong.net
Investor Contact:
Raymond Huang
eLong, Inc.
Investor Relations Manager
ir@corp.elong.com
86-10-5860-2288 ext. 6633
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