Budgethotels.com, Inc. - Acquisition Of Internet2U.net, Inc.Business Editors PORT ROBERTS, Wash.--(BUSINESS WIRE)--April 27, 2001 Budgethotels.com, Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). : BUDH) announces that it has acquired, effective April 26, 2001, Internet2U.net, Inc., a private corporation, incorporated in the state of Nevada. Internet2U.net, Inc. has successfully installed and operates two prototype Internet Entertainment Kiosks in Greyhound Lines Greyhound Lines is the largest inter-city common carrier of passengers by bus in North America , serving 2,200 destinations in the United States. It was founded in Hibbing, Minnesota, USA, in 1914 and incorporated as "The Greyhound Corporation" in 1926. Inc. terminals located in Sacramento and Los Angeles Los Angeles (lôs ăn`jələs, lŏs, ăn`jəlēz'), city (1990 pop. 3,485,398), seat of Los Angeles co., S Calif.; inc. 1850. . Internet2U.net, Inc. has proposed to Greyhound Lines Inc. that it install the Kiosks in additional Greyhound greyhound, breed of tall, swift, sight hound developed nearly 5,000 years ago in Egypt. It stands about 26 in. (66 cm) high at the shoulder and weighs about 65 lb (29.5 kg). terminals. Further information relating to relating to relate prep → concernant relating to relate prep → bezüglich +gen, mit Bezug auf +acc these discussions will be released in a timely matter. Internet2U.net, Inc. is also in the process of installing two Internet Kiosks under agreement with Via Rail Canada and is discussing a national proposal with Via Rail Canada. An individual Kiosk kiosk Originally, in Islamic architecture, an open circular pavilion consisting of a roof supported by pillars. The word has been applied to a Turkish summer garden pavilion and a type of early Persian mosque. costs approximately $8,500 to install and based on prototype operations will generate approximately $3,000 annually in profit on $8,500 of revenue. Budgethotels.com plans to use its base of 1,600 hotels on its advertising boards and its existing relationship with transportation terminals such as 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 , Greyhound Lines Inc., and Via Rail Canada to aggressively develop this business opportunity. Certain information included in this communication (as well as information included in oral statements or other written statements) made, or to be made by Budgethotels.com, Inc. may contain statements that are forward looking. Statements relating to the future anticipated direction of the internet industry, plans for future expansion, various business developments, activities, planned capital expenditures, future funding resources, anticipated sales growth and potential contracts are subject to a number of known and unknown risks and uncertainties that could cause actual operations or results to differ materially from those anticipated. |
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