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Microcap & Penny Stocks : Genisys Reservation Systems (GENS)

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To: leigh aulper who wrote ()2/5/1998 3:58:00 PM
From: leigh aulper   of 43
 
Genisys Reservation Systems, Inc. and the TranspoNet Companies, Inc. Announce Strategic Partnership

UNION, N.J., Feb. 5 /PRNewswire/ -- Genisys Reservation Systems, Inc. (Nasdaq: GENS) and the TranspoNet Companies, Inc. announced a contractual agreement to fully automate the limousine booking process from the "CRS" (Computer Reservation System) directly into the Back Office Systems of Service Providers. Under this agreement technology has been developed which channels the limousine reservation from Corporate Travel Agents directly into the dispatch systems of contracted Service Providers.

Using Genisys and TranspoNet software, Service Provider order entry and associated costly errors are eliminated thereby improving productivity and reducing cost. Corporate customers are connected to the Genisys/TranspoNet system through the "CRS" and directly to the back office systems of Ground Transportation Service Providers using an existing TranspoNet product.

"Through this powerful alliance, Genisys and TranspoNet are able to provide a cost effective productivity tool to meet corporate demand for a high quality limousine booking process," according to Genisys President Larry Burk. "We have been looking for a way to complete the process of automating the booking process from the Travel Agent to our Service Providers in a cost efficient way. This agreement with Genisys allows us to dramatically improve our product line to our customers," said Apurva Patel, President of TranspoNet.

Genisys Reservation Systems, Inc. and its subsidiaries operate a computerized reservation and payment system and provide system design services for the travel industry.

TranspoNet Companies, Inc. is a leading developer of software and innovative technology for the ground transportation industry with locations in the United States and Europe.
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