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Best Rate Travel, Inc. Announces New Hotel Division with $30 Million Asset from Binding Agreement to Build $150 Million 268 Room Virginia Beach Resort.


Best Rate Travel, Inc. Introduces Budget Driven Travel Search Engine and Hand Held Wireless Customer Support with Plans to Rival Expedia, Inc.

BOCA RATON Boca Raton (bō`kə rətōn`), city (1990 pop. 61,492), Palm Beach co., SE Fla., on the Atlantic; inc. 1925. Boca Raton is a popular resort and retirement community that experienced significant industrial development in the 1970s and 80s. , Fla. -- Best Rate Travel, Inc. (Pink Sheets: BTVL BTVL Bharti Televentures Ltd ) today announced the launch of a new hotel division and operating subsidiary An operating subsidiary is a business term frequently used within the United States railroad industry. In the case of a railroad, it refers to a company that is a subsidiary but operates with its own identity and rolling stock. , Best Rate Hotels, Inc. The new hotel division makes its debut by signing a binding agreement with REIT REIT

See: Real Estate Investment Trust


REIT

See real estate investment trust (REIT).
 One, Inc. to build a $150 Million, 268 room resort in prestigious Virginia Beach Virginia Beach, resort city (1990 pop. 393,069), independent and in no county, SE Va., on the Atlantic coast; inc. 1906. In 1963, Princess Anne co. and the former small town of Virginia Beach were merged, giving the present city an area of 302 sq mi (782 sq km). . The resort is scheduled to open July 2008. Negotiations are underway for Starwood Hotels (NYSE NYSE

See: New York Stock Exchange
:HOT), which includes Marriot International Inc., Hilton Hotels
For the company involved in the buy out please see Hilton Hotels Corporation. This hotel chain is not the company being acquired.
The Hilton brand was re-united internationally after more than 40 years in February 2006, when United States-based Hilton
 Corp. and Wyndham Worldwide Wyndham Worldwide (NYSE: WYN) is the holding company for Wyndham Hotels & Resorts and other lodging brands. It was spun off from Cendant Corporation in July 2006. Hotel franchises
  • Amerihost Inn
  • Days Inn
  • Howard Johnson
  • Knights Inn
  • Ramada
 Corporation, to manage the property under a long-term contract. Through its new hotel division, Best Rate Travel, Inc. will own 20% of the overall Virginia Beach resort property in exchange for the contribution of proprietary technology and the corresponding maintenance and management agreements. The 20% resort ownership represents a $30 million asset on the Best Rate balance sheet.

Budget Driven Search Engine to Rival Expedia, Inc.

Best Rate Travel, Inc. recently announced the commencement of a new travel industry strategy catering to budget conscious business and leisure travelers. Instead of searching for the best deal, Best Rate Travel clients will be able to search for the deal they can afford by entering their target budget as the key search criteria. Best Rate also plans to provide first to market wireless customer service support in partnership with property and travel operators. The joint venture announced today is an example of Best Rates strategy to partner with property and travel operators. Best Rate's contribution to the joint venture is a site based proprietary wireless technology solution and corresponding maintenance and management agreement.

Best Rate has already established three functional support subsidiaries to concentrate on delivering specific aspects of the Company's budget driven travel services and wireless customer service support:

CHL CHL crown-heel length.  Technologies, Inc., a wireless broadband mobile content provider that delivers to smart phones entertainment and ecommerce information in China.

RF Tune, Inc., a fabless radio frequency integrated circuit manufacturing company offering wireless system, chip design, and integrated circuits for the 802.11/Wi-Fi market

Best Rate USA Car Rental currently serving the Fort Lauderdale local and airport markets with 2007 expansion plans.

"The future of the travel industry will evolve from leveraging ever advancing available technologies to more closely integrate the property and travel operators with the various travel sales venues and ultimately with the customer," said Adrian Stone, 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 Best Travel, Inc. "Simply creating partnerships between travel sales outfits and property and travel operators are insufficient. Sales outfits and operators will have to become mutual stake holders in the travelers' experience. That is what our agreement with REIT One is all about. Both REIT and Best Rate have an equity stake in project."

Learn more at the Best Rate Travel, Inc. web site www.bestratetravelusa.com

$150 Million Virginia Beach 268 Room Resort

The resort will be located on the largest yet undeveloped parcel of Virginia Beach. The 268 room property will feature signature restaurants, a premier health club and spa to include an indoor swimming facility in addition to a full service business center. The resort design is intended to appeal to both business and leisure travelers.

For information contact : Marketology (561) 237-2863

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 report contains forward-looking statements, which involve risks and uncertainties - including, but not limited to, risks associated with changes in general economic/business conditions, actions of competitors, the extent to which the company is able to develop new services and markets for its services, and/or changes in its business strategies - that may cause actual results to differ materially from those set forth in these forward-looking statements. For further details concerning these risks and uncertainties, please request additional information directly from the company featured above or obtain SEC filings of the company including its most recent annual and quarterly reports. Any investor considering making an investment in any security that has been the subject of a Marketology analysis or opinion should, before making any such investment, consult with his/her market professional and/or conduct his/her own independent research

Disclaimer: Please Read

Information contained herein is the opinion of Marketology and is intended to be used strictly for informational purposes; the statements/opinions herein should not be construed as an offer or solicitation to buy or sell any security. Marketology has been hired as a consultant and has been paid Five Thousand Dollars and twenty five thousand restricted shares for the publication and circulation of this report and for ancillary investor relations Investor relations

The process by which the corporation communicates with its investors.
 services by the company Best Rate Travel Inc. Because it relies on information supplied by various third parties, including company press releases and reports filed with the SEC, Marketology disclaims any responsibility for the accuracy of information contained herein. The companies mentioned have not approved the content or timing of the information being published unless otherwise noted. Marketology is not a licensed broker, broker dealer, market maker, investment banker Investment Banker

A person representing a financial institution that is in the business of raising capital for corporations and municipalities.

Notes:
An investment banker may not accept deposits or make commercial loans.
, investment advisor Investment Advisor

1. A person making investment recommendations in return for a flat fee or percentage of assets managed, known as a commission.

2. For mutual fund companies, it is the individual who has the day-to-day responsibility of investing and monitoring the cash and
, analyst or underwriter.
COPYRIGHT 2006 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2006, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Date:Nov 15, 2006
Words:836
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