Anthony, do you think the IPO of FARE underwritten by Bear Stearns will fuel the hype in IFLY? Priceline.com is also set to go public.
This segment is getting pretty crowded.
(BSNS WIRE) Lowestfare.com, Inc. Files Registration Statement for Initia
Lowestfare.com, Inc. Files Registration Statement for Initial Public Offering
Business Editors
LAS VEGAS--(BUSINESS WIRE)--March 17, 1999--Lowestfare.com, Inc.
("Lowestfare.com" or the "Company;" proposed Nasdaq NMS: FARE)
announced yesterday that it has filed a registration statement with
the Securities and Exchange Commission for an initial public offering.
The offering will be managed by BancBoston Robertson Stephens
Inc. and Bear, Stearns & Co. Inc.
The net proceeds of the offering to the Company are currently
expected to be used for increased sales and marketing expenditures,
investments in technology infrastructure and general corporate
purposes, including working capital.
Lowestfare.com is a leading full-service provider of discount
travel products and services to the leisure and small business
traveler. The Company began as a discount travel operation in August
1995 and commenced Internet operations in October 1996 to capitalize
on the growing popularity and potential of the Internet.
Lowestfare.com offers a reliable source of discounted travel products
and services through its agreements with several leading travel
providers.
In addition, the Company offers customers the ability to make
reservations on over 400 airlines, at more than 39,000 hotels and with
most major car rental companies, cruise lines and tour package
operators. Travel product and service offerings are available to
customers through the Company's Web site (www.Lowestfare.com),
toll-free telephone reservation and customer service center and
affiliations with more than 800 travel agencies.
Lowestfare.com's user-friendly Web site enables customers to
quickly and easily search for information regarding their travel
needs, securely book trips, access a variety of helpful travel-related
content and receive customer support 24 hours a day, 7 days a week.
Lowestfare.com has established strategic marketing relationships with
several leading Internet portals, search engines, content providers,
communities and other Web sites to increase the Company's access to
online consumers and to further build brand awareness.
A registration statement relating to these securities has been
filed with the Securities and Exchange Commission but has not yet
become effective. These securities may not be sold nor may offers to
buy be accepted prior to the time the registration statement becomes
effective. This press release shall not constitute an offer to sell or
a solicitation of an offer to buy nor shall there be any sale of these
securities in any state or jurisdiction in which such offer,
solicitation or sale would be unlawful prior to registration or
qualification under the securities laws of any such state or
jurisdiction.
When available, copies of the preliminary prospectus relating to
the offering may be obtained from BancBoston Robertson Stephens Inc.,
555 California Street, Suite 2600, San Francisco, CA 94104,
415/781-9700; or Bear, Stearns & Co. Inc., 245 Park Ave., New York, NY
10167, 212/272-2000.
Note to Editors: Lowestfare.com and the Lowestfare.com logo are
trademarks of the Company for which a trademark applications is
pending.
--30--ik/sf*
CONTACT: Lowestfare.com, Inc.
Kenneth G. Swanton, 702/260-3600
KEYWORD: NEVADA
INDUSTRY KEYWORD: COMED INTERACTIVE/MULTIMEDIA/INTERNET
TRAVEL/AIRLINES
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