SCS SOLARS' New LiveLinx*PLUS To Generate Transaction Fees
Vancouver, B.C. - August 2, 2000 - SCS SOLARS Computing Systems Inc. ("SolarNet"), a leading provider of information management and electronic distribution solutions for the travel industry, today confirmed its latest revenue generating software solution, LiveLinx*PLUS, is ready for beta test with two of its U.S. air consolidator customers, D-FW Tours in Dallas and Trans Am Travel in Alexandria, VA. The Company will commence rollout to all of its consolidator customers within a month.
LiveLinx*PLUS is the next stage in SolarNet's development of a travel industry solution that will generate transaction fees for the Company. This latest product combines "BlackBird", the Company's most recent technology project, with SolarNet LiveLinx so that LiveLinx*PLUS now offers a reservation, or booking, capability. With this addition, users of LiveLinx*PLUS can now make reservations for the suppliers' product through any airline Computer Reservation System, a service for which SolarNet will charge the suppliers a US$7 transaction fee per reservation.
Andrew O'Leary, President and CTO of SolarNet, stated, "The proven results attained by our LiveLinx distribution system together with the strategic alliance of Wings software set the scene perfectly for our next stage, transaction automation. Our intent has always been to enhance our unique distribution technology into a complete, end-to-end solution, and LiveLinx*PLUS brings us there."
Bob Wilson, SolarNet's Director of Account Development, further explained, "No other company within the travel industry provides suppliers such a cost effective manner by which to get their information in front of any travel agent anywhere in the world and to then make a reservation. As of today, we have 18 consolidators online and they generate in excess of 2 million transactions a year."
Frank Wells, Vice Chairman of SolarNet, confirmed pricing is expected to be US$7 per transaction. Currently, the system is averaging in excess of 1,000,000 hits per month, of which 250,000 are inquiries for specific air fares. These numbers are increasing month-over-month. Over time, the Company projects a significant percentage of these queries will translate into reservations and transaction fees.
SCS Solars provides solutions in information management and electronic distribution for the travel industry. Proprietary products include SolarNet LiveLinx, NewsWire and TourTek. SCS Solars is a public company, trading on the Canadian Venture Exchange (CDNX) under the symbol SCS.
For more information contact:
Frank Wells 604-903-2040
Pat Wilson 604-903-2041
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