1800cheapseats.com and LasVegas.com Announce Partnership to Provide Air-Travel Booking Online to Las Vegas.CHARLOTTE, N.C. -- RCG RCG Responsible Conduct of Gambling RCG Revolutionary Communist Group (Northern Ireland) RCG Raiffeisen Central Genossenschaft (German: Raiffeisen Cooperative) RCG Race, Class and Gender Companies Incorporated (AMEX AMEX See: American Stock Exchange : RCG), a diversified travel and leisure company, today announced a new partnership with Las Vegas Las Vegas (läs vā`gəs), city (1990 pop. 258,295), seat of Clark co., S Nev.; inc. 1911. It is the largest city in Nevada and the center of one of the fastest-growing urban areas in the United States. travel site LasVegas.com. As part of the new collaboration, RCG's 1800cheapseats.com will provide fulfillment ful·fill also ful·fil tr.v. ful·filled, ful·fill·ing, ful·fills also ful·fils 1. To bring into actuality; effect: fulfilled their promises. 2. for air travel booked through LasVegas.com. The new partnership will allow Las Vegas travelers to easily search availability of flights, compare prices on major air carriers and purchase air travel online at LasVegas.com. Commenting on the arrangement with LasVegas.com, RCG Chairman and Chief Executive Officer William Goldstein stated, "This arrangement is another distribution outlet for our travel products. Scale is very important in our business and the ability to generate additional revenue by leveraging our existing technology means any growth that we achieve from this relationship will be very cost-effective." Chris Bradshaw Christopher John (Chris) Bradshaw (born 1944 in Vancouver, British Columbia) is a Canadian politician and business person. He served as interim leader of the Green Party of Canada from 2001 to 2003, and has sought public office as a candidate of the Green Party of Canada and the , 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. of LasVegas.com said, "We are very excited to partner with 1800cheapseats.com. At LasVegas.com, we pride ourselves on being the premier source for the Las Vegas experience, and air travel is often part of that experience. This partnership provides value to not only our respective companies, but more importantly, to our customers. Those customers demand value, and our partnership with 1800cheapseats.com is a big step in delivering just that." About RCG Companies Incorporated RCG Companies Incorporated derives all of its revenues from its travel business subsidiaries, FS SunTours, Inc., which sells leisure and vacation travel packages under the SunTrips(R) brand (www.suntrips.com), Farequest Holdings, Inc., operating under the name 1-800-CHEAPSEATS (www.1800cheapseats.com), and OneTravel, Inc. (www.onetravel.com). Farequest and OneTravel are leading online and offline providers of a full range of travel services. About LasVegas.com LasVegas.com is Las Vegas' premier travel Web site, encompassing more than 130 hotels, 180 shows and 400 restaurants. The site also provides products and information related to spas, attractions, nightlife night·life n. Social activities or entertainment available or pursued in the evening. nightlife Noun , wedding chapels, signature tours, golf and more. Visitors can book online or through a Travel Specialist at the site's Call Center at (800) 642-8158. 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 whether current plans to grow and strengthen the Company's business will be implemented or accomplished, are forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended. 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. There is also a risk that the Company's shareholders will not approve certain matters related to the sale of preferred stock Stock shares that have preferential rights to dividends or to amounts distributable on liquidation, or to both, ahead of common shareholders. Preferred stock is given preference over common stock. Holders of preferred stock receive dividends at a fixed annual rate. , which would trigger a redemption, which the Company may not be able to fund. The Company has previously mentioned in conference calls that gross bookings are not equal to gross revenues under generally accepted accounting principles The standard accounting rules, regulations, and procedures used by companies in maintaining their financial records. Generally accepted accounting principles (GAAP) provide companies and accountants with a consistent set of guidelines that cover both broad accounting , so no inference (logic) inference - The logical process by which new facts are derived from known facts by the application of inference rules. See also symbolic inference, type 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 Securities and Exchange Commission, including the Company's historical losses and negative cash flow, its need for additional capital, and that future financing, if available, will dilute di·lute v. To reduce a solution or mixture in concentration, quality, strength, or purity, as by adding water. adj. Thinned or weakened by diluting. 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 filings with the Securities and Exchange Commission, 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. |
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