(PR Wires) PRW: VacationSpot.com Announces Partnership With bamboo.com;
PRW: VacationSpot.com Announces Partnership With bamboo.com; Virtual Tours of
Unique Vacation Properties Worldwide Enable Travelers to Look Before They Book
SEATTLE--(BUSINESS WIRE)--Sept. 20, 1999--VacationSpot.com, the Web's most
popular source for independent vacation properties worldwide, today
announced an alliance with bamboo.com, a premier producer of virtual tours
for the real estate industry. The partnership adds a new dimension to
vacation planning by enabling online travel customers to take 360-degree
virtual tours of selected properties listed on VacationSpot.com.
bamboo.com's innovative technology is ideal for illustrating the unique
attributes of VacationSpot.com's houses, villas, condos and other
distinctive accommodations.
Virtual tours are the next stage in online vacation planning-taking much of
the risk out of the process of selecting a vacation property. bamboo.com's
service includes capturing images of multiple exterior and interior areas,
image processing and Internet posting. Users can zoom in for a closer look,
pause and look left and right allowing for a complete view of the entire
property. By offering virtual tours, VacationSpot.com is taking the power of
the Internet a step further in helping people create a vacation experience
that is exactly suited to their individual needs.
"VacationSpot.com provides a way for people to make the most of their
leisure travel time by providing access to information in a way that was not
possible before the Internet," said Steve Murch, president and CEO of
VacationSpot.com. "Our partnership with bamboo.com provides an added value
to VacationSpot.com customers as they set out to find the perfect rental
property-and it's a lot of fun."
Property managers who list with VacationSpot.com now have the option of
including bamboo.com's 360-degree virtual tour service as part of their
listing. Property managers just have to call toll-free 1-888-7BAMBOO to
order a virtual tour. bamboo.com videographers will film the vacation
property and process the video for property owners who are located in cities
throughout North America serviced by bamboo.com. The end result of the video
is high quality information to help the consumer select that perfect
vacation rental without the hassle of looking through countless newspapers
or guidebooks.
"VacationSpot.com is an exemplary partner for bamboo.com as we expand our
business beyond residential resale real estate," said Kevin B. McCurdy,
founder of bamboo.com. "Our virtual tour technology has a proven track
record for customer satisfaction, and is a tremendous benefit to travelers."
About VacationSpot.com
Seattle-based VacationSpot.com, Inc. is dedicated to delivering e-commerce
technology to the travel industry -- with a vision of making every getaway
instantly reservable with a click of the mouse. With an investment from
Microsoft(R) in April 1998, VacationSpot.com became the premier member of
the accommodation directory on Microsoft(R) Expedia(TM)
(http://www.expedia.com). VacationSpot.com owns Rent-a-Holiday.com, and
together offer more than 75,000 leisure-lodging units in 44 countries,
carrying a wide selection of vacation lodging options including villas,
condos, homes, B&Bs, inns, and more. VacationSpot.com also is a featured
provider of information to Travelocity.com, Yahoo! Lodging, Infoseek's
GONetwork, Go2Net, InfoSpace, MetaCrawler, Rent.Net, 1Travel, and
SmarterLiving.com, and has been selected as an Ask Jeeves Silver Platter
site. VacationSpot.com (formerly Rezworks) was nominated as one of the three
finalists for "Most Promising Company of 1998" by the Washington Software
Alliance.
About Bamboo.com
Based in Palo Alto, bamboo.com is a provider of Internet-based 360-degree
virtual tours for the real estate community. bamboo.com maintains key
relationships with the major real estate Web sites and multiple listing
service (MLS) providers, including HomeStore.com, REALTOR(R).com,
HomeSeekers.com, Microsoft HomeAdvisor, HOMES.com, LoopNet, Moore Data
Services, and GTE. As a result of these partnerships, bamboo Virtual Tours
can currently be viewed on America Online (AOL), Yahoo!, Microsoft Network
(MSN), Excite, Netscape Netcenter, GO Network/InfoSeek, NBC, and others.
Company investors include Intel Corporation, Trident Capital, the Walden
Group and VantagePoint Venture Partners. For more information about
;R/CAbamboo.com, visit bamboo.com or call toll free
1-888-7BAMBOO. Editors, please contact Antenna Group, Inc.: Heidi K. Zuhl at
415-977-1915, or press@bamboo.com.
This press release contains forward-looking information within the meaning
of Section 27A of the Securities Exchange Act of 1933 and Section 21E of the
Securities Exchange Act of 1934, and is subject to the safe harbors created
by those sections. Actual results may differ materially. The matters
discussed in this press release also involve risks and uncertainties
described from time to time in bamboo.com, Inc.'s filings with the
Securities and Exchange Commission (SEC). In particular, see "Risk Factors"
in the Final Prospectus included in the Company's Registration Statement on
Form S-1 declared effective by the SEC on August 25, 1999 (www.sec.gov).
CONTACT: Rezworks/VacationSpot.com
Alex Chang, 206/256-0504
alex@rezworks.com
or
MWW/Savitt
Jani Baker, 206/689-8505
jbaker@mww.com
or
bamboo.com, Inc.
Heidi K. Zuhl, 415/977-1915
press@bamboo.com
12:02 EDT SEPTEMBER 20, 1999
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