For Those Making Travel Plans The Week Of December 20th Priceline.com Releases List Of Best Holiday Travel Days . . . Name Your Own Price-TM- and save on leisure airline tickets and hotel rooms.Business Editors STAMFORD, Conn.--(BUSINESS WIRE)--Dec. 20, 1999 If you haven't made your travel plans for the holidays, there's still time to visit priceline.com (Nasdaq: PCLN PCLN Priceline.com (stock abbreviation, AMEX) ) on the Internet Internet Publicly accessible computer network connecting many smaller networks from around the world. It grew out of a U.S. Defense Department program called ARPANET (Advanced Research Projects Agency Network), established in 1969 with connections between computers at the and Name Your Own Price(TM) for leisure airline tickets and hotel rooms. Based on recent ticketing, priceline.com today released its weekly list of the best days to fly over the holidays. Priceline.com customers who choose recommended best days to travel have the best chance to get leisure airline tickets at maximum savings. Customers who make purchase offers for semi-peak days have an average chance of getting their price if they make offers early. Avoiding peak travel days will increase customers' chances of getting tickets at their price. For priceline.com customers making leisure airline ticket purchase offers this week: -- The best days to travel and name your own price are December 21, 24, 25 and 31 January 1, 4 and 5 -- Semi-peak travel days are December 26, 28, 29 and 30 January 6, 7, 8 and 9 -- Peak travel days are December 22, 23 and 27 January 2 and 3 In a recent survey, priceline.com customers who bought tickets said they have been able to save 26% to 60% on airline tickets for holiday travel. Similar savings were reported by priceline.com customers who bought hotel rooms through the name-your-own-price service. About priceline.com Priceline.com is the patented Name Your Own Price(TM) Internet pricing system Noun 1. pricing system - a system for setting prices on goods or services system - a procedure or process for obtaining an objective; "they had to devise a system that did not depend on cooperation" that enables consumers to achieve significant savings on a variety of goods and services In economics, economic output is divided into physical goods and intangible services. Consumption of goods and services is assumed to produce utility (unless the "good" is a "bad"). It is often used when referring to a Goods and Services Tax. . Priceline.com takes consumer offers and then presents them to sellers who can fill as much of that guaranteed demand as they wish at price points determined by buyers. Priceline.com's "virtual" business model allows for rapid scaling using the Internet. Because the Company electronically collects consumer demand, it can fill this demand directly with sellers or by using proprietary databases. Priceline.com does not maintain or warehouse inventories in any of its product lines. Priceline.com's business system currently sells multiple services to customers across three product categories: a travel service that offers leisure airline tickets, hotel rooms and rental cars; a personal finance service that offers home mortgages, refinancing Refinancing An extension and/or increase in amount of existing debt. and home equity loans, and an automotive service that sells new cars in nine states. Recently, priceline.com announced that it also plans to offer a service for long distance telephone calling. The Company has also licensed its business system and brand to a privately held affiliate licensee licensee n. a person given a license by government or under private agreement. (See: license, licensor) LICENSEE. One to whom a license has been given. 1 M. Q. & S. 699 n. , the Priceline WebHouse Club, Inc., which offers a Name Your Own Price(TM) service for groceries gro·cer·y n. pl. gro·cer·ies 1. A store selling foodstuffs and various household supplies. 2. groceries Commodities sold by a grocer. in the New York metro For the region, see . Metro New York is a free daily newspaper in New York City started in 2004. Its main competition is AM New York, with which it practices many of the same distribution and marketing strategies. and greater Philadelphia areas. In return for the WebHouse Club license, priceline.com has received warrants allowing it to purchase a majority equity stake in the WebHouse Club under certain contingent conditions. Prior to the exercise of this warrant, the results of WebHouse Club operations will not be included in priceline.com's financial statements. This press release may contain forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. which are made pursuant to the safe-harbor provisions of the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995. Expressions of future goals and similar expressions including, without limitation, "may," "will," "believes," "should," "could," "hope," "expects," "expected," "does not currently expect," "anticipates," "predicts," "potential," and "forecast," reflecting something other than historical fact are intended to identify forward-looking statements, but are not the exclusive means of identifying such statements. These forward-looking statements involve a number of risks and uncertainties, including the timely development and market acceptance of products and technologies and other factors described in the Company's filing with the Securities and Exchange Commission. The actual results may differ materially from any forward-looking statements due to such risks and uncertainties. The Company undertakes no obligations to revise or update any forward-looking statements in order to reflect events or circumstances CIRCUMSTANCES, evidence. The particulars which accompany a fact. 2. The facts proved are either possible or impossible, ordinary and probable, or extraordinary and improbable, recent or ancient; they may have happened near us, or afar off; they are public or that may arise after the date of this release. |
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