Investors pull plug on Destinex.com

Destinex.com chief executive Tony Bennett has been forced to make the move after talks with a major investor broke down.

Bennett, a former Going Places chairman, said: “The investor offered to put money in but not at the level I was happy with. People have become much more concerned about investing in the Internet in general and in particular on-line travel.”

Bennett added he is in discussions with a major travel company about buying Destinex.com.

The company was launched back in the spring and Bennett named a number of high profile industry figures as members of his team.