Affinity International Travel Selected to Provide Internet Booking Engine -- IBE -- And Travel Products to Revlex.com's New Website.Business Editors/Hi-Tech Writers ST. PETERSBURG, Fla.--(BUSINESS WIRE)--July 10, 2000 Affinity International Travel Systems, Inc. (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). BB: AFFT AFFT Affidavit AFFT Americans for Fair Taxation ) has entered into an agreement with Revelex.com of Boca Raton, FL to supply travel products and Internet booking capabilities, for their next generation travel exchange website, Revelex.com. Revelex is creating a continuous double auction (CDA (1) (Compact Disc Audio) The compact disc file extension that is seen on the computer in Explorer or some other file manager. CDA files are actually pointers to the locations of the individual tracks on the CD medium. See CD-DA. ) exchange that will feature hotel, car and air rates from recognized providers. Patterned after the recent success achieved by the emergence of electronic crossing networks (ECN's) in the financial markets, Revelex will feature travel products in a "bid and ask" electronic marketplace where sellers and buyers can post and bid respectively on hotel rooms, car rentals, airline tickets, and bundled travel packages. Revelex's CDA exchange will allow buyers and sellers to bid and offer in full view of the market. Affinity will deploy its new Java based air, car and hotel Internet Booking Engine (IBE IBE International Bureau of Education IBE Internet Booking Engine IBE Institut für Medizinische Informationsverarbeitung, Biometrie Und Epidemiologie (LMU, Muenchen, Germany) IBE Ion Beam Etching ) recently developed for Affinity by Datalex of Atlanta, Georgia. Affinity will also supply vacation packages and cruise products to Revelex.com. "We are very pleased to have entered into a strategic relationship with a quality company like Affinity International Travel Systems and look forward to taking advantage of this relationship to successfully launch our `New Marketplace'", said David L. Goodis, President and Chief Executive Officer of Revelex.com. "We are excited about being selected by Revelex.com for this new concept in the travel business and to have the opportunity to deploy our technology in this space", said Dan Brandano, Chief Executive Officer, Affinity International Travel Systems, Inc. About Revelex.com Revelex.com is an e-commerce company that will offer travel products and services through an online exchange that provides buyers and sellers real time bid and ask prices. Revelex.com currently has strategic alliances with the International Air Transport Association (IATA IATA International Air Transport Association, which sets the rules for air transport, including those concerning air transport of animals. ), Ariba, Pegasus Solutions, Mapquest and PhocusWright. About Affinity International Travel Systems Affinity International Travel Systems, owner of FarAway.com, an online business to business travel solutions website that is currently under development, is implementing a business strategy that utilizes the internet as a delivery platform in both business-to-business (B2B (Business to Business) Refers to one business communicating with or selling to another. See B2B e-commerce, B2C and B2G. B2B - business to business ) and business-to-consumer (B2C (Business to Consumer) Refers to a business communicating with or selling to an individual rather than a company. See B2B. ) arenas for its inventory of travel products. This release contains forward-looking statements, made subject to the "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. " 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, that involve risks and uncertainties that might cause the actual results to differ materially from those projected in any forward-looking statements. Potential risks and uncertainties include, without limitation, the following: the Company may encounter difficulty in developing its Web sites; it may have difficulty raising the capital it needs to develop and market its Web sites and fund its operations; the Internet may not attract the degree of travel business that the Company expects; the Company may have difficulty competing with other travel companies, portals; market awareness and acceptance of the Company's Web site and product offerings; changes in government regulations affecting the Company's business; and overall market demand for travel services. |
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