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<<<<uesday April 14, 4:40 pm Eastern Time
Company Press Release
SOURCE: 800 Travel Systems, Inc.
800 Travel Confirms Immediate Exercisability of Warrants
TAMPA, Fla., April 14 /PRNewswire/ -- 800 Travel Systems, Inc. (Nasdaq: IFLY - news, IFLYW - news) confirmed today
that the redeemable common stock purchase warrants it sold in its January 1998 initial public offering which trade under the
symbol ''IFLYW'' are currently exercisable at $6.25 per share. Each redeemable common stock purchase warrant entitles the
holder to purchase one share of common stock, and may be exercised until January 14, 2003. In addition, if the closing price
of the Company's common stock for 7 trading days during a 10 consecutive trading day period equals or exceeds $10.00 per
share, the Company has the right to redeem the redeemable common stock purchase warrants for $.05 per warrant. Until
January 12, 1999, any such redemption will require the consent of First London Securities Corporation, the lead underwriter in
the IPO.
800 Travel Systems, one of the 100 largest independent travel agencies in the United States, provides low-priced airline tickets
for domestic and international travel through its easy to remember numbers ''1-800-LOW-AIR-FARE'' (1-800-569-2473)
and ''1-800-FLY-FOR-LESS'' (1-800-359-4537).
SOURCE: 800 Travel Systems, Inc.>>>>
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