Moscow, Russia - November 20, 2007 - TS-Retail and Intourist Travel Shops concluded a treaty about contribution. According to the treaty tour packages to all countries will be sold in the stores of the retail network TS-Retail.

The project starts in more than 17 regions of Russia.

Andrey Chukaev, CEO of TS-Retail LLC: "We studied very seriously the potentialities of tourist products' selling in our retail outlets.  We spent some months on staff recruitment, executive training, shops design, fixing the procedure of interaction with tour operators, elaboration of special offers. We studied carefully Russian and foreign experience in this field.  In our retail outlets customers will find special rates for the most popular destinations - Turkey, Egypt, Tunisia and others.  Our clientage will value quickness of tours' reservation, convenient location of our stores and consultants' professionalism".

Oleg Dyachenko, CEO of  Intourist Travel Shops JSC: "Intourist Travel Shops, a part of the Intourist holding, has contracted base with all Russian tour operators. Collaboration with TS-Retail helps to push up sales to ultimate consumers and  promote the company's brand. Today clients of TS-Retail can buy tours only to non-visas countries, and after consultants' training to sell tours to the destinations where visas are required, consumers will be able to choose any country they want".

The Intourist Holding  is a fully integrated tourism group exploiting synergies between its key business areas: tourism, retail chain, hotels and transportation. Today the retail chain Intourist Travel Shops include 175 retail and 58 franchise agencies and 30 agencies of combined activity. The sales network is presented in 72 regions of Russian Federation.

TS-Retail LLC was established by JSFC Sistema to develop the unique retail outlets of MTS and manage the new retail project. The main purpose of Project is a commercially successful retail business pointed at mobile phones, portable electronics, accessories, bank, tourist and others convergent services. The number of TS-Retail stores exceeds 120 in 30 regions of Russian Federation.