ELLEIPSIS SIGNS A DISTRIBUTION AGREEMENT WITH CNG TRAVEL GROUP

Elleipsis, the premiere provider of aggregated travel web services based on Open Travel Alliance (OTA) specifications, announced today that it has signed a distribution agreement with CNG Travel Group, a world leader in the design and development of integrated technology solutions for the global travel industry.

Through this agreement, Elleipsis will be able to offer access to the inventory of the CNG hotels to its customers. The development will allow Elleipsis customers to use OTA messages to query the CNG hotel application. TravelTalk will aggregate CNG content with GDSs hotel content allowing Elleispis' customers to efficiently and simply shop for hotel rates.

"We believe that our ability to connect into the CNG hotel suppliers, will increase the travel content that we will offer to our growing number of customers," said Diane Byman, President of Elleipsis. "We are thrilled to partner with CNG and to offer access to 25,000 net rate hotels worldwide."

CNG has an inventory of over 25,000 net rate hotels worldwide and guarantees the lowest online hotel prices. CNG Travel Group's hotel-friendly merchant rate program provides the competitive rates that are such an important factor in today's travel industry, where room rate and other information is widely available to consumers. CNG's programs allow agents and partners to take a reasonable commission while still providing their customers a discount on a hotel's published rack rate.

About CNG Travel Group:
CNG's business has two interrelated strands: CNG's proprietary Travel Lodging Connector (TLC) software is revolutionizing the way travel agents make hotel reservations by giving them access to worldwide hotel rooms at discounted rates and enhanced commissions. TLC enables travel agents to book hotel rooms for clients at rates comparable to those offered by major online booking services. TLC's innovative Prompt Pay service ensures agents receive hotel commissions much faster than with the traditional hotel model. CNG's private rate hotel program is expanding rapidly and now comprises over 25,000 hotels worldwide. In addition to travel agencies, CNG's hotel program is used by over 1,200 affiliate partners around the world, such as airlines and travel websites and by CNG's own Tzell Travel agency, one of the largest US corporate travel agencies whose buying power and airline relationships make it a leader in the premium air market.

With headquarters in Kenmare, Ireland, CNG was founded by CEO Finbarr Power in 1999 and floated on the London Stock Exchange's AIM market in May 2004, raising £22m. It is currently capitalized at £62 million and employs over 350 staff in Europe and the USA.

About Elleipsis:
Elleipsis, Inc, headquartered in Las Vegas Nevada with development offices in Miami Florida, provides travel web services based on the Open Travel Alliance (OTA) specifications for the travel industry. Elleipsis' products include TravelTalk Web Services and TravelTalk Integration Server. TravelTalk is a multi-GDS platform with additional connections to other travel suppliers and content providers. Elleipsis' customers include M2B World Travel and EuroFlightPass.com.

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