Dutton Associates Announces Investment Opinion: Online Vacation Speculative Buy Rating In Update Coverage By Dutton Associates.

EL DORADO HILLS, Calif. -- Dutton Associates updates its coverage of Online Vacation Center Holdings (OTCBB:ONVC) maintaining a Speculative Buy rating and a 12 month price target of $3.25. The 10-page report by Dutton senior analyst Richard W. West, CFA is available at www.jmdutton.com as well as from First Call, Bloomberg, Zacks, Reuters, Knobias, and other leading financial portals.

Online Vacation Center is a true holding company that, through its subsidiaries, attacks the Internet travel market from several directions. Online Vacation Center's multi-directional business strategy is grounded on Internet-based travel information, personal-based contact travel service through its call center, home-based travel agents, and consumer travel based publications. The recent seven acquisitions were purchased for approximately $4.1 million in cash and stock and added approximately $3.8 million in revenue to Online Vacation Center's core business. It reported strong revenue growth for 2Q ended June 30, 2007, with revenues up 12.2% to $2.0 million over the 2006 2Q. Net income was ($444,787), versus $306,703 in 2Q 2006. Online Vacation Center strategy is evolving away from additional acquisitions toward beefing up internal spending to support its recently acquired companies. Management believes the combination of these businesses has created more internal growth opportunities, and they have decided to delay further acquisitions at this time and to invest more heavily in these businesses. Its strategy remains to grow into a combination of Expedia, Travel Zoo, and a major travel publisher. We expect it to be profitable in 2008 with revenues of $13.1 million and EPS of $.01, up from $10 million revenues and EPS of $(.02) in 2007.

About Dutton Associates

Dutton Associates is one of the largest independent investment research firms in the U.S. Its 30 senior analysts are primarily CFAs and have expertise in many industries. Dutton Associates provides continuing analyst coverage of over 140 enrolled companies, and its research, estimates, and ratings are carried in all the major databases serving institutions and online investors.

The cost of enrollment in our one-year continuing research program is US $35,000 prepaid for 4 Research Reports, typically published quarterly, and requisite Research Notes. Dutton Associates received $35,000 from the Company for 4 Research Reports with coverage commencing on 4/24/2007. We do not accept payment of our fees in company stock. Our principals and analysts are prohibited from owning or trading in securities of covered companies. The views expressed in this research report accurately reflect the analyst's personal views about the subject securities or issuer. Neither the analyst's compensation nor the compensation received by us is in any way related to the specific ratings or views contained in this research report or note. Please read full disclosures and analyst background at www.jmdutton.com before investing.