Onetravel (AMEX:OTV)
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OneTravel Holdings, Inc. (AMEX: OTV), a leading online
provider of travel and leisure services, announced today it will host
a conference call presentation on Tuesday, March 21, 2006 at 4:15 pm
EST. During the call, One Travel management will provide a business
update as well as discuss recent developments at the Company.
Conference call particulars are as follows:
-- Date - Tuesday, March 21, 2006
-- Time - 4:15 p.m. eastern standard time
-- Dial in number - (888) 809-3629
-- During the Question and Answer section of the conference call,
all questions will be limited to investment professionals.
-- A live Internet broadcast can be accessed at
http://ivr.quickconf.com/liveStream.php?ref=204837
Those choosing to listen via telephone are encouraged to call in
at least ten minutes prior to the start of the call to allow time to
register with the operator.
A replay of the conference call will be available starting
approximately 2 hours after the conclusion of the call through May 21,
2006 by calling (800) 756-3819 and referencing the conference ID
number of 204837#.
About OneTravel Holdings, Inc. (AMEX:OTV)
OneTravel Holdings, Inc. (www.onetravelholdings.com) derives all
of its revenues from its travel business subsidiaries, Farequest
Holdings, Inc., operating under the name 1-800-CHEAPSEATS,
www.cheapseats.com and OneTravel, Inc. operating under the names
www.onetravel.com, www.discounthotels.com and www.11thhour.com.
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. 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. 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 the right of holders
of the $15,625,000 of the Company's Secured Convertible Debentures to
accelerate and demand payment , and that future financing, if
available, will dilute the Company's current common stockholders, plus
the Company's inability to maintain listing with the American Stock
Exchange, could have an adverse affect on the Company's stock value
and liquidity. 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.