Budgethotels Signs Marketing Agreement With Priceline.com.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. , Wash.--(BUSINESS WIRE)--March 24, 2003 Budgethotels (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :BUDH) announced today that it has signed a joint marketing agreement with priceline.com (Nasdaq:PCLN PCLN Priceline.com (stock abbreviation, AMEX) ). Under the agreement, Budgethotels will create a special link from its online reservation site www.budgethotels.com to three co-branded Web sites where customers can use priceline.com's Name Your Own Price services for hotel rooms, airline tickets and rental cars. "We are building a significant relationship with priceline.com," said William Marshall William Marshall is a name shared by several people:
above all, most especially , we believe it will increase our traffic and commissions. By adding the proven and successful business model perfected by priceline.com, we can capture a whole new segment of the growing online travel market." About Budget Hotels Budgethotels Network, Inc. provides services for the 'budget' traveler, primarily through two compatible networks; (1) Reservation Centers, and (2) Online Travel Reservations. (1) Reservation Centers - Advertising is sold by the Company on its illuminated Reservation Center boards to travel industry suppliers, primarily hotels. These boards are presently located in 86 transportation terminals placed under long term, exclusive agreements with Greyhound, 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 , Via Rail and the 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 Port Authority. These boards at current utilization rates of 25% are generating more than 600,000 room night bookings annually and the Company is test marketing additional methods to increase their 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. More than 61 million households in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. will book travel online this year 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. Forrester Research Forrester Research is an independent technology and market research company that provides its clients with advice about technology's impact on business and consumers. Corporate facts
About Priceline.com Priceline.com offers products for sale in two categories: a travel service that offers leisure airline tickets, hotel rooms, rental cars, vacation packages and cruises; and a personal finance service that offers home mortgages, refinancing and home equity loans through an independent licensee. Priceline.com also owns the Internet domain names and trademarks of LowestFare.com, another Web-based travel site, and is part-owner of online travel service Travelweb LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control . Priceline.com licenses its business model to independent licensees, including pricelinemortgage and certain international licensees. On behalf of the Board: William Marshall, CEO Certain statements contained in this press release that are not historical facts may be forward looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities and Exchange Act of 1934. These forward looking statements may include, but are not limited to, statements about our plans, objectives, expectations, prospects and intentions, markets in which we participate and other statements contained in this press release that are not historical facts. When used in this press release, the words "expect," "predict," "project," "anticipate," "believe," "estimate," "intend," "plan," "seek" "commit" and similar expressions are generally intended to identify forward looking statements. Because these forward looking statements involve risks and uncertainties, there are important factors that could cause actual results to differ materially from those expressed or implied by these forward looking statements, including changes in our plans, objectives, expectations, prospects and intentions and other factors discussed in our filings with the SEC. We cannot guarantee any future levels of activity, performance or achievements. Budgethotels undertakes no obligation to update forward-looking statements to reflect events or circumstances occurring after the date of this press release. |
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