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Technology Stocks : NETC - Netcruise.com (formerly GENS)

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To: Rock_nj who wrote (12)6/1/1999 11:54:00 AM
From: Pied Piper   of 18
 
Genisys Reservation Systems Launches NetCruiseTravel.com On-line Cruise Center

UNION, N.J.--(BUSINESS WIRE)--June 1, 1999--Genisys Reservation Systems, Inc. (NASDAQ:NETC - news), d.b.a. netcruisetravel.com, inc.,-www.netcruise.com-today announced the launch of the NetCruise cruise center featuring 9 of the top cruise lines in the industry.

The new cruise center allows NetCruise Independent Travel Consultants to use their PCs to view and research cruises from all major geographic locations through out the world, including Alaska, Europe, Hawaii, the Caribbean and the Far East.

The cruise center features an extensive database of cruise information linked with the NetCruise proprietary video technology, allowing an individual to view full motion video of the ship or activities offered by the cruise line instantly via the Internet. ''With our video technology that interacts directly with the NetCruise cruise centers Web site, an agent can show their clients full motion video of destinations and or cruise lines before they take their trip. This greatly enhances the service and experience provided to the traveler,'' said Larry Burk, president and CEO.

In addition to the interactive video, the NetCruise cruise center provides photos of all major cruise lines ships, detailed trip itineraries with sailing maps, full description of a ship's destination and a special section highlighting low cost cruise deals around the globe.

''NetCruise is committed to providing our national network of Independent Travel Consultants the highest quality online travel experience possible while delivering value to their customers through supporting the industry's top vendors'', Stated Kathy Preziose, Vice President of Travel Operations. ''Through our Web site our Independent Travel Consultants are able to book air, car and hotel and shop for cruises and vacation packages without ever leaving the house. Our consultants can even visit with their clients and show them video and pictures of the cruise or destination through their laptop computers.''

NetCruise Travel is a full-service Internet travel site that offers travel discounts and commissions on air, hotel and car rental bookings to a network of NetCruise independent travel consultants who subscribe to the site. The site features patent-pending proprietary technology that allows members to view instant, full-motion video of travel destinations through seamless interaction with the NetCruise CD Rom travel library.

Genisys Reservation Systems, Inc. has specialized in the design and operation of computerized reservation systems for the travel industry, and has now focused its efforts on the on-line travel business.

This press release contains ''forward-looking statements'' within the meaning of the Private Securities Litigation Reform Act of 1995, regarding the Company's business strategy and future plans of operations. Forward-looking statements involve known and unknown risks and uncertainties, both general and specific to the matters discussed in this press release. These and other important factors, including those mentioned in various Securities and Exchange Commission filings made periodically by the Company, may cause the Company's actual results and performance to differ materially from the future results and performance expressed in or implied by such forward-looking statements. The forward-looking statements contained in this press release speak only as of the date hereof and the Company expressly disclaims any obligation to provide public updates, revisions or amendments to any forward-looking statements made herein to reflect changes in the Company's expectations or future events.

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Contact:

Genisys Reservation Systems, Inc.
Larry Burk, President
908/810-8767
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