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LAS VEGAS, NV, 5/22/2008
Elleipsis Travel Technology Opens International Travel Site to Meet Major Global Travel Demand Growth of International Sites Boosts Transaction-Based Booking Model
Elleipsis Global Travel Solutions, Inc. (Other OTC:EGTS.PK - News) through its wholly owned subsidiary, Elleipsis, Inc. and joint venture partner Russia House Travel, launch Flights-To-Asia.com catering to growing global communities in Asia, Europe, Africa, South America and Australia. "Elleipsis will continue to expand into major global markets through aggregated travel services and strategic partners. As a key enabler for online transactions, Elleipsis will provide solutions to the business traveler as well as the worldwide audience traveling to the Beijing Olympics," said Diane Byman, President of Elleipsis. "Our strategy has been to look beyond North America and create a transaction-based model that scales into every country and language." Elleipsis' TravelTalk® technology, in conjunction with its strategic alliances with private travel providers as well as the major Global Distribution Systems (GDSs), has created a growing marketplace of travel content, and opens the door for new travel content to support the demands of any country. Russia House Travel, an international travel consolidator, consistently secures discount fares that can save travelers hundreds, and even thousands of dollars on flights. A recent fare search powered by Elleipsis for a one-way fare from Atlanta to Paris (traveling November 12, 2008) resulted in a $349 fare from Russia House. Compared to other online travel sites, such as Orbitz ($476), Priceline ($489), and Expedia ($766), Russia House's fare is significantly lower, and in many cases, has fewer restrictions. Elleipsis' technology helps expand and promote these lower fares to Elleipsis' customer sites, and earns a transaction fee for every booking. Elleipsis offers travel solutions based on its TravelTalk® Suite of Business products. The TravelTalk® Suite includes TravelTalk® Portal, TravelTalk® Connect, and TravelTalk® Dynamic. The TravelTalk® Suite enables travel agents and travel suppliers access to the inventory of the major Global Distribution Systems (GDS) plus additional travel offerings from other independent providers. About Elleipsis: Elleipsis' TravelTalk® technology facilitates travel industry commerce by enabling travel agents and travel industry suppliers to connect clients to the world's largest electronic Global Distribution Systems. For more information, please visit www.elleipsis.com. Cautionary Statement This press release contains statements, which may constitute "forward-looking statements" within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, as amended by the Private Securities Litigation Reform Act of 1995. Those statements include statements regarding the intent, belief or current expectations of Elleipsis Global Travel Solutions, Inc., and members of its management as well as the assumptions on which such statements are based. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those contemplated by such forward-looking statements. Important factors currently known to management that could cause actual results to differ materially from those in forward-statements include fluctuation of operating results, the ability to compete successfully and the ability to complete before-mentioned transactions. The company undertakes no obligation to update or revise forward-looking statements to reflect changed assumptions, the occurrence of unanticipated events or changes to future operating results.
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