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To: Jim Bishop who wrote (50376)	6/8/2000 10:36:00 AM
From: Due Diligence	Respond to of 150070

TSER news just out...........FWIW (BSNS WIRE) eTravelserve.com Announces $2.5 million Funding Agreement eTravelserve.com Announces $2.5 million Funding Agreement Business & Travel Editors/High-Tech Writers BOCA RATON, Fla.--(BUSINESS WIRE)--June 8, 2000--Paul Johnson, President/CEO of eTravelserve.com, Inc., www.etravelserve.com, (OTCBB:TSER), announced today that the Company has reached an agreement with VMH Management Inc. to provide eTravelserve.com with periodic funding of up to $2.5 million. "The funding will be given to us in blocks as we need funds for development, acquisitions, marketing, etc. With this new funding agreement we can now accelerate our development and acquisition plans. The first round of the financing is being received later this week and will be mostly directed towards website development and acquisitions. We have an excellent opportunity to build a relationship with VMH Management for future funding as we expand the company," said Johnson. 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--pp/mi* CONTACT: eTravelserve.com, Inc., Boca Raton Paul Johnson, CEO 954/868-0838 www.etravelserve.com KEYWORD: FLORIDA INDUSTRY KEYWORD: ADVERTISING/MARKETING INTERNET E-COMMERCE TRAVEL Today's News On The Net - Business Wire's full file on the Internet with Hyperlinks to your home page. URL: businesswire.com * end of story *