.travel Continues Forward with Expanded Organization and New Initiatives as Founder Leaves Company.FORT LAUDERDALE Fort Lauderdale (lô`dərdāl), residential, commercial, and resort city (1990 pop. 149,377), seat of Broward co., SE Fla., on the Atlantic coast; settled around a fort built (c.1837) in the Seminole War, inc. 1911. , Fla. -- Seven years after pursuing the idea of a travel specific Internet domain and a year and a half after the official launch of .travel, Ron Andruff Ron Andruff (born 10 July 1953) is a former National Hockey League player and is the founder and X- chief executive officer of Tralliance, the registry for .travel, a sponsored top-level domain. , founder and President of the Tralliance Corporation, the registry for .travel, is leaving the company to pursue new opportunities and interests. Mr. Andruff's departure was anticipated. The Company continues to be led by Michael Egan, Chairman and Ed Cespedes, CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. , who took steps to expand and reorganize the Company last year. "We are grateful to Ron Andruff for his vision of a travel-specific Internet domain," said Michael Egan. "His dedication and enthusiasm for this vision has set the stage for us to build real value with .travel on the Internet for the travel and tourism industry and consumers worldwide." .travel has several pending initiatives aimed at helping consumers do a better and easier job of searching and finding relevant travel and travel-related information on the Internet. Laying the groundwork for its new initiatives .travel will be launching a consumer advertising and promotional campaign later this year that coincides with enhancements made to www.search.travel, .travel's exclusive Internet portal and search engine for consumers. These enhancements will include an improved focus on destinations with the addition of greater destination content and information, including virtual maps. Two examples of destinations that have adopted .travel are Utah and Egypt. Both destinations have seized on the branding and authentication aspects of .travel to recreate their websites, email addresses and promotional activities around their .travel domain names. About Tralliance Corporation Tralliance is a wholly-owned subsidiary of theglobe.com (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :TGLO TGLO Turbine Generator Lube Oil (submarines) ) that, as the .travel Registry, develops products and services to promote the efficiencies and convenience of e-commerce for travel and tourism companies on the Internet, Designed to serve the global travel and tourism community, the major aims of the .travel sponsored Top level Domain (sTLD) are improved Internet identity, creation of advanced distribution channels and the establishment of a strong trust factor between the industry and its customers. For information visit www.tralliance.travel or www.travel.travel. Safe Harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. This press release includes forward-looking statements related to theglobe.com, inc. that involve risks and uncertainties, including, but not limited to, risks and uncertainties relating to the future of our Tralliance operations, risks relating to the Internet, the management of growth, market acceptance of our service offerings and other risks. These forward-looking statements are made in reliance on the "Safe Harbor" provisions of the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995. For further information about these and other factors that could affect theglobe.com's future results and business plans, including theglobe's ability to continue operations as a going concern, please see the Company's filings with the Securities and Exchange Commission, including in particular our Annual Report on Form 10-K Form 10-K A report required by the SEC from exchange-listed companies that provides for annual disclosure of certain financial information. Form 10-K See 10-K. for the year ended December 31, 2006, our Quarterly Report on Form 10-Q Form 10-Q See 10-Q. for the quarter ended March 31, 2007 and the Report on Form 8-K Form 8-K The form required by the SEC when a publicly held company incurs any event that might affect its financial situation or the share value of its stock. Form 8-K See 8-K. filed on June 1, 2007. Copies of these filings are available online at http://www.sec.gov. Prospective investors are cautioned that forward-looking statements are not guarantees of performance. Actual results may differ materially and adversely from management expectations. |
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