TSER - eTravelserve.com Unveils 'Virtual Travel Agency' Business Editors BOCA RATON, Fla.--(BUSINESS WIRE)--Aug. 15, 2000--Paul Johnson, President/CEO of eTravelserve.com, Inc. (OTCBB:TSER), announced that the company will unveil the prototype for the company's 'Virtual Travel Agency' at 3:00 PM EST which is accessible on the company's website -- www.etravelserve.com. "In the coming months, we will show why eTravelserve.com differs from other competitors, primarily because most are focused with 'online booking services' whereas we have created an 'online travel agency'. Currently, companies like Priceline (PCLN), Travelocity (TVLY), and Ebookers (EBKR), only offer booking and pricing services. ETravelserve.com will offer all the services of the traditional travel agency while combining the latest database, video and audio technologies that the Internet has to offer. The high bandwidth, 3-dimensional 'Virtual Travel Agency' is essential to our business strategy. The 'Virtual Travel Agency' has been designed so that anyone will feel comfortable using the friendly interfaces. The company is also designing a software accessory that will allow users with low bandwidth connection speeds to use the 'high bandwidth' version by installing the software accessory to their computer's hard drive. Our business model will not only allow us to offer our services to the general consumer but to also act as a clearing house for travel agencies around the world by making the companies technologies available on a licensing basis. This plan should position eTravelserve.com to capture market share in both the $30 billion annual 'online sales' segments as well as the $4.7 trillion 'off-line sales'. By making our software and technology available to travel agencies we are essentially driving traditional travel sales to the web via our network. This should place us in an excellent position considering that approximately 99% of all travel sales are executed traditionally or off-line," said Johnson. NOTE: Also please note that "assisted online booking" services can only be activated once the "Terms of Service Agreement" and the "Privacy Agreement" have been signed and originals returned to the company. See website for more details. eTravelserve.com will be releasing a recorded "Investor Update Call" as of August 15, 2000 at 2100 EST, which can be accessed at 1-877-213-9653 and entering code No. 2193973. For Shareholder Information Call Stockbroker Relations At 1-800-546-7950. Information in this press release contains "forward-looking statements." These statements involve risks and uncertainties that could cause actual results to differ materially. There is no assurance the above-described events will be completed. There can be no assurance of the ability of the company to achieve sales goals, obtain contracts or financing, consummate acquisitions or achieve profitability in the future. The above and additional factors are discussed in detail in the Company's filings with the S.E.C. --30--gaa/mi* CONTACT: eTravelserve.com, Inc., Boca Raton Paul Johnson, CEO, 954/868-6460 www.etravelserve.com
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