Limousine Industry Leaders Empire International, Ltd. and CLS Worldwide Services, LLC to Form Nation's Second-Largest Chauffeured Transportation Company

Limousine industry leaders Empire International Ltd. and CLS Worldwide Services, LLC, announced today the establishment of GTS Holdings, Inc., a holding company that will combine the assets of the two companies, forming the second-largest chauffeured transportation company in the nation. The announcement was made by David Seelinger, President and CEO of Empire International, Ltd., and Leon Reitzenstein, President of CLS Worldwide Services, LLC. Details of the transactions were not disclosed.

Empire International and CLS Worldwide will continue to market their own independent brands, but will utilize and share the operational efficiencies of both companies. The combined organization will operate as GTS Holdings, Inc., and will be based in Norwood, NJ. Mr. Seelinger, currently President and Chief Executive Officer of Empire, will serve as CEO and Chairman of GTS. Mr. Reitzenstein, President and Chief Operating Officer of CLS, will continue in the same role for GTS.

Empire International, based in Norwood, NJ, is one of the industry's leading companies, serving the travel needs of major corporations, both domestically and internationally, through one of the largest worldwide affiliate networks. Empire's Global Network Partners enable Empire to provide quality service in over 550 cities around the world. CLS, based in Los Angeles, is widely recognized as the preeminent provider of chauffeured transportation for the private aviation industry and 5-Star hotel properties worldwide. Through the integration of existing resources combined with the network of company-owned offices, GTS will be uniquely qualified to provide a superior level of chauffeured transportation services throughout the United States and will significantly broaden the company's global capabilities.

"We are truly excited about this historic event for both of our companies," said Mr. Seelinger, the majority stockholder and Chairman of the new company. Mr. Seelinger began his career with Empire in 1981 and has received numerous industry and personal awards during his 24-year tenure. "To my knowledge, this is the most significant transaction that the industry has ever witnessed. We are harnessing the power of two of the industry's most trusted brands, which will enable us to provide an unprecedented level of service and geographical coverage to our customers."

Mr. Reitzenstein, President of GTS Holdings, said, "We look forward to offering the services and resources of our two organizations and leveraging each of our strengths in providing first-class chauffeured transportation services. Bringing together two companies that share a common commitment to the delivery of impeccable service provides an opportunity to create an even stronger company -- the likes of which the industry has never seen."

Empire International, Ltd. (www.empire-int.com), headquartered in Norwood, NJ, has the fifth-largest fleet of vehicles in the industry according to Limousine and Chauffeured Transportation Magazine (July 2004). CLS Worldwide Services, LLC, (www.clslimo.com), headquartered in Los Angeles, has the fourth-largest fleet of vehicles (Limousine and Chauffeured Transportation -- July 2004). The combined fleet of both companies ranks second in the industry. Empire International, Ltd. currently has company-owned offices in New York, NY; Norwood, NJ; Atlanta, GA; Los Angeles, CA; San Francisco, CA; and a regional sales office in Dallas, Texas. CLS Worldwide Services has company-owned offices in Los Angeles, New York City, San Francisco, and Aspen, CO, and a service center in Columbus, Ohio.

Contact: Randall Kirkpatrick 609.452.9532 rkirkpatrick@eaglepr.com