Onetravel (AMEX:OTV)
Historical Stock Chart
From Jun 2019 to Jun 2024
![Click Here for more Onetravel Charts. Click Here for more Onetravel Charts.](/p.php?pid=staticchart&s=A%5EOTV&p=8&t=15)
OneTravel Holdings, Inc. (AMEX:OTV), a diversified
travel and leisure company, has retained Rubenstein Public Relations
to provide public relations services for the Company.
Rubenstein will work with the Company to raise awareness of:
-- The Company's new name, "OneTravel Holdings, Inc."
(www.onetravelholdings.com), which was recently changed from
RCG Companies Incorporated; and
-- The Company's transition from a diversified holding company
model to a 100% online and offline travel company.
Rubenstein will also provide public relations services for the
Company's portfolio of leading brands 1-800-CheapSeats
(www.cheapseats.com), OneTravel (www.onetravel.com), 11th Hour
Vacations (www.11thhour.com), Discount Hotels (www.discounthotels.com)
and SunTrips(R) (www.suntrips.com). 1-800-CheapSeats and OneTravel
operate direct-to-consumer full-service travel businesses through
their Web sites and through call center operations, 11th Hour
Vacations offers vacations packages, Discount Hotels offers value
rates for hotels, and SunTrips operates a leisure tour operation with
destinations in Mexico, Hawaii, Costa Rica, Azores and the Dominican
Republic.
"We have been pleased with the growth we have seen in our
bookings, which shows that we have the ability to attract people to
our Web sites and that our offerings are well-priced. To date, our
marketing has been focused on making a real-time sale to people who
are actually online shopping for travel information or looking to book
travel plans. Having a firm with Rubenstein's expertise in generating
brand awareness and media coverage is imperative for us as we look to
communicate our story and market our travel offerings on a broader
spectrum. We want that brand awareness to reach from the travel
consumer community to the Wall Street and investor community," said
OneTravel Holdings Chairman, William Goldstein.
"We are excited to be representing OneTravel Holdings," said
Richard Rubenstein, President of Rubenstein Public Relations. "The
online travel market is thriving, and we look forward to helping
OneTravel Holdings build its brands so that it can fully capitalize on
its comprehensive assortment of travel products and services."
About OneTravel Holdings, Inc.
OneTravel Holdings, Inc. (www.onetravelholdings.com) derives all
of its revenues from its travel business subsidiaries, FS SunTours,
Inc., which sells leisure and vacation travel packages under the
SunTrips(R) brand (www.suntrips.com); Farequest Holdings, Inc.,
operating under the name 1-800-CHEAPSEATS (www.cheapseats.com) and
OneTravel, Inc. (www.onetravel.com), both of which are leading online
and offline providers of a full range of travel services. The Company
also operates additional travel Web sites that generate additional
revenue.
About Rubenstein Public Relations, Inc.
Rubenstein Public Relations is synonymous with integrated media
campaigns, special events and high-visibility coverage. Thirty
professionals demonstrate the power of publicity every day for the
firm's corporate, consumer and entertainment clients across the
country. Rubenstein Public Relations, founded by Richard Rubenstein
over 15 years ago, is one of New York City's premier media agencies.
Statements in this news release about anticipated or expected
future revenue or shareholder value growth or expressions of future
goals or objectives, including statements regarding market conditions
or whether current plans to grow and strengthen the Company's business
will be implemented or accomplished, are forward-looking statements
within the meaning of Section 21E of the Securities Exchange Act of
1934, as amended. When used in this release and documents, the words
"anticipate", "believe", "estimate", "expect" and similar expressions,
as they relate to the Company or its management, are intended to
identify such forward-looking statements, but are not the exclusive
means of identifying these statements. All forward-looking statements
in this release are based upon information available to the Company on
the date of this release. Any forward-looking statements involve risks
and uncertainties, including the risk that the Company will be unable
to grow or strengthen its business due to a lack of capital or a
change in market demand for its products and services or to fully or
effectively integrate all business units or the inability to realize
anticipated cost savings or revenue and stockholder value growth
opportunities associated with the acquisitions of Farequest Holdings,
Inc. and OneTravel, Inc. There is also a risk that the Company's
shareholders will not approve certain matters related to the sale of
preferred stock, which would require a redemption that the Company may
not be able to fund. The Company has previously mentioned in
conference calls that gross bookings are not equal to gross revenues
under generally accepted accounting principles, so no inference can be
made about profitability based on gross bookings unless expressly
stated by the Company. There is also no certainty that the Company
will be successful in its quest to secure strategic alliances in its
efforts to restructure its SunTrips operations. The Company is also
subject to those risks and uncertainties described in the Company's
filings with the U.S. Securities and Exchange Commission ("SEC"),
including the Company's historical losses and negative cash flow, its
need for additional capital, including to finance the $12,500,000
promissory notes payable to the former stockholders of OneTravel,
Inc., and that future financing, if available, will dilute the
Company's current common stockholders. Additionally, forward-looking
statements concerning the performance of the travel and leisure
industry are based on current market conditions and risks, which may
change as the result of certain regulatory, political or economic
events, a shift in consumer travel preferences, as well as those risks
and uncertainties described in the Company's SEC filings, which could
cause actual events or results to differ materially from the events or
results described in the forward-looking statements, whether as a
result of new information, future events or otherwise. Readers are
cautioned not to place undue reliance on these forward-looking
statements.