Great news released today ... see article from Yahoo
Wednesday February 17, 10:23 am Eastern Time
Company Press Release
Cheapfares.com Offers First 'Net Absolute
Travel Auction
Traveler could buy a Newark to Florida round trip ticket for $10!
WASHINGTON--(BUSINESS WIRE)--Feb. 17, 1999-- Aden Enterprises (OTC: ADEN -
news) and its majority-owned subsidiary Cheapfares.com announced today the first live
absolute auction of travel services on the Internet.
Today, Cheapfares.com customers have the opportunity to purchase airline tickets, international
tours and ocean cruises at extremely competitive prices.
Cheapfares.com's strategic industry alliances - in concert with its exclusive license of
cutting-edge Internet technologies - enable the website to offer the best prices possible. The
website's first airline alliance with Kiwi International Airlines resulted in extremely low priced
airfares for trips from Northeast US airports to cities like Orlando, Atlanta and San Juan, Puerto
Rico.
''Our goal is to provide a product at competitive prices that will satisfy today's savvy travelers
who are looking for value,'' explained Mike Luther, CEO of Aden Enterprises. ''By providing
travel services at the lowest possible prices, Cheapfares.com will create a more efficient travel
services marketplace on the Internet.''
''Behind the scenes of this auction is a two tiered electronic market allowing Cheapfares.com to
deliver these low cost travel services,'' Thomas G. Woolston, President and founder of
MercExchange said.
''Cheapfares.com's exclusive license of the cutting edge MercExchange technology helped the
company create the content for this first ever absolute auction. This is the first step in the
MercExchange's deployment of its novel Internet business methods described in our pending and
patented applications.''
On the Cheapfares.com auction block today there is a Thursday flight from Newark to Miami
with a high bid standing at $5. Other items listed include a 3-day Bahamas Carnival Cruise for 2
people where the minimum bid is $450; a ten-day tour of Ireland for 2 leaving from New York
with a minimum bid of $1,276; and a $2,198 fourteen-day trip to Australia for 2 from Los
Angeles.
Cheapfares.com allows a customer to bid on flights beginning as soon as two days away and up
to 16 days in advance. No Saturday night stay is required. A traveler with a winning a bid on an
outbound flight is guaranteed a return flight for the same amount.
Each winner receives email notification of a successful bid after the bidding closes.
Cheapfares.com will deliver an I-Ticket to the winner's email box, which can be printed and
taken to the counter. For tours and cruises, customers receive travel documents two weeks prior.
Omaha, Neb.-based Aden Enterprises, Inc. is a holding company founded in 1985 with business
units developing and offering Internet solutions in the travel, energy, telecommunications, and
debt collection industries. Cheapfares.com is an Internet-based service company fulfilling
travelers needs since 1998 from Aurora, Colo.
Founded in 1995, MercExchange is based in Alexandria, Va. and is seeking further strategic
alliances and venture capital to develop applications for patented and patent-pending technology
in E-Commerce, including Internet auctions.
MercExchange recently petitioned the US Patent and Trademark Office to cancel
Priceline.com's 'landmark patent' and award the patent to MercExchange.
Certain information above contains forward-looking statements that may involve risk and
uncertainties. Aden Enterprises believes its expectations are based on reasonable assumptions.
However, no assurances can be given that its goals will be achieved. Factors that could cause
actual results to differ materially include, but are not limited to, changes in federal, state and
local regulations.
Contact:
MercExchange
Michael Caputo, 202/974-5026 |
