Priceline.com Keeps Affordable Leisure Airline Tickets Within Reach of Nation's Budget-Conscious Travelers.STAMFORD, Conn.--(BUSINESS WIRE)--Aug. 19, 1998-- Recently Announced Airline Price Hikes Help Push Name-Your-Own-Price E-Commerce e-commerce, commerce conducted over the Internet, most often via the World Wide Web. E-commerce can apply to purchases made through the Web or to business-to-business activities such as inventory transfers. System Over 50,000-Ticket Sales Mark Consumers may be facing higher published air fares based on recent announcements, but budget-conscious travelers don't have to put their plans on hold. A recently patented e-commerce system 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 , called priceline.com, provides a cost-effective cost-effective, n the minimal expenditure of dollars, time, and other elements necessary to achieve the health care result deemed necessary and appropriate. travel alternative that enables consumers to name the price they want to pay for leisure airline tickets. Through a combination of rising consumer awareness and a recent surge in bookings, priceline.com said today that more than 50,000 leisure airline tickets have now been purchased through the system. Priceline.com sells leisure airline tickets on the Internet at http://www.priceline.com and through a toll-free 1-800-PRICELINE number. There is never a charge to request a leisure airline ticket. Priceline.com is the only service on or off the Internet where consumers can name the price they are willing to pay for an airline ticket on a major airline. Priceline.com takes the consumer's offer and works to find an airline willing to release one of 500,000 seats which fly empty every day. Currently, fifteen major domestic and international carriers participate in the priceline.com service. Priceline.com's second service, initially available 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. area, allows consumers to name their own price for a new car or truck. "Increasingly, consumers are finding that the Internet offers powerful new ways to travel within almost any budget," said Jay Walker, chairman and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of priceline.com. "As we move from summer into the school and holiday travel seasons, we expect even more travelers will be using priceline.com to name their own price for leisure airline tickets." With increasing sales, priceline.com has become one of the nation's top 10 sellers of leisure airline tickets. At peak times, priceline.com sells a ticket every 70 seconds. Many consumers know priceline.com through its nationwide advertising program, featuring celebrity spokesman William Shatner <noinclude></noinclude> William Alan Shatner (born on March 22, 1931) is a Canadian actor who gained fame for playing Captain James Tiberius Kirk, captain of the starship USS Enterprise . The 50,000-ticket mark is the third major development for priceline.com in the last 30 days. On August 4th, the company received $20 million in second-round financing from General Atlantic Partners. And, on August 11th, priceline.com was awarded U.S. patent No. 5,794,207 for its e-commerce system. Priceline.com LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control is a privately held company privately held company A firm whose shares are held within a relatively small circle of owners and are not traded publicly. headquartered in Stamford, CT, that has created the world's first buyer-driven e-commerce system. The patented system was invented by Walker Digital, an intellectual property laboratory founded in 1996 by Jay Walker. CONTACT: priceline.com, Stamford Brian Ek 203/705-3026 brian.ek@priceline.com or Connors Communications, 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 Jennifer Kohn 212/807-7500 jennifer@connors.com |
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