Onetravel (AMEX:OTV)
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OneTravel Holdings, Inc. (AMEX:OTV) announced today the
launch of the OneTravel Satellite TV Studio. Cheapseats.com airline
expert Terry Trippler will now be available via satellite for live and
taped TV interviews from a state of the art studio in downtown
Minneapolis.
The hi-tech studio is run by television veterans who can customize
segments by adding graphics into video and overlaying images. With
over 36 years of commercial travel industry experience, Terry Trippler
is considered one of America's foremost authorities on the airline
industry and the rules that govern their operation. Mr. Trippler has
also been very involved in the events leading up to the current
Northwest Airlines strike and remains a source of insights and
information on this and other travel related current events.
Trippler has been quoted in USA Today and other major newspapers,
as well as almost every television network including shows such as
ABC'S 20/20, Dateline NBC, Your World with Neil Cavuto, and CBS
Evening News, among others.
"We have found that it is difficult for the media to conduct
satellite interviews. Since Terry Trippler has become one of the most
qualified and sought after travel and airline experts, we felt that as
part of our mission to keep our customers informed on the industry, we
would facilitate the process by making Terry and his knowledge of the
industry available to the masses. We are by no means getting into the
television business, but the cost of the studio was so negligible that
it is well justified by the amount of use we expect the studio to
get," explained William Goldstein OTV's Chairman and CEO.
"I felt the development of a satellite studio was important
because in every market, no matter the size, stations should have the
same access to current and relevant information regarding the air
travel industry," expressed Terry Trippler.
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. (www.onetravel.com), both of
which are leading online and offline providers of a full range of
travel services, and FS SunTours, Inc., which sells leisure and
vacation travel packages under the SunTrips(R) brand
(www.suntrips.com). The Company derives additional revenue from
operating other travel related web sites.
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. 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. For a complete description of the items approved at the
annual stockholder's meeting, the Company's proxy statement is
available for viewing in the Company's SEC filings.