Budgethotels Network: Major Marketing Trial Produces Positive Results.Business Editors/Travel Writers POINT ROBERTS Point Roberts, uninc. town (1990 pop. 750), Whatcom co., NW Wash., on the Strait of Georgia near the tip of the Point Roberts peninsula, extending south from British Columbia, Canada, and separated from the Washington mainland by Boundary Bay. , Washington--(BUSINESS WIRE)--June 20, 2003 Budgethotels Network (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :BUDH) announces that the test market with a Major US Online Hotel Reservation Corporation has met with success within the first 10 days. The Company reports that it is receiving positive data from its partner showing hotel reservation bookings are being confirmed. "This is encouraging news; we are delivering reservation bookings and that is key to the trial's success. This is the first step in moving from an advertising based revenue model to a potentially much larger commission based revenue model," according to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. William Marshall William Marshall is a name shared by several people:
Under the Agreement, which commenced June 1, 2003, Budgethotels has placed prominent ads for the Corporation on 16 of Budgethotels' 86 reservation boards located in transportation terminals in 10 major US cities as follows: (New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of Penn Station; New York Port Authority Incoming Board; New York Port Authority Outgoing Board; Atlantic City, Greyhound, Chicago Greyhound; Dallas Greyhound; Las Vegas Greyhound; Miami South Beach Greyhound; Miami Bay Side (airport area) Greyhound; Miami Amtrak Amtrak, the National Railroad Passenger Corp., authorized to operate virtually all intercity passenger railroad routes in the United States. Amtrak was created by Congress in 1970 in response to more than two decades of continuous operating deficits by privately run ; Orlando Greyhound; Orlando Amtrak; Washington D.C. Greyhound; Los Angeles Greyhound Incoming Board; Los Angeles Greyhound Outgoing Board; San Diego Greyhound). These 16 locations represent a combined market potential of 26 million annual customer exposures. The agreement provides Budgethotels with revenues based on a commission earned from every room booked through a dedicated toll free number. Upon completion of the initial trial period the parties will review the results to determine the basis of an ongoing relationship. Budgethotels anticipates releasing the name of the corporation upon completion of the trial program. For more details and a copy of the actual terms filed with the US Securities Exchange Commission follow this link: SEC Link http://www.sec.gov/Archives/edgar/data/1091938/000106299303000442/ form8k.htm (Due to the length of this URL URL in full Uniform Resource Locator Address of a resource on the Internet. The resource can be any type of file stored on a server, such as a Web page, a text file, a graphics file, or an application program. , it may be necessary to copy and paste To copy files from one location to another or to copy text and images from one document to another. All modern operating systems and applications have a copy and paste capability that is typically selected from an Edit menu. See cut and paste and Win Copy between windows. this hyperlink into your Internet browser's URL address field.) BUDH Link http://www.budgethotels.com/investors/report.html About Budget Hotels Budgethotels Network, Inc. provides services for the 'budget' traveler through two compatible networks; (1) Reservation Centers - Advertising is sold by the Company on its illuminated Reservation Center boards to travel industry suppliers, primarily hotels. These boards are located in 86 transportation terminals under long term, exclusive agreements with Greyhound, Amtrak, Via Rail and the New York Port Authority. The Company is implementing additional methods to increase revenues from this source. (2) Online Travel Reservations The Company's primary website, www.budgethotels.com, features more than 45,000 hotels, motels, youth hostels and bed & breakfast locations across the USA, Canada and throughout the world. On behalf of the Board: William Marshall |
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