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Microcap & Penny Stocks : TGL WHAAAAAAAT! Alerts, thoughts, discussion. -- Ignore unavailable to you. Want to Upgrade?

To: Jim Bishop who wrote (51113)	6/13/2000 11:11:00 AM
From: StocksDATsoar	Read Replies (3) \| Respond to of 150070

HUGE NEWS ON OBTV @ 12c...GET IN OR BE THIN...DS! Applies to -- OBTV orbitTRAVEL.com Corporation Closes First Round Of $10 Million Financing Commitment orbitTRAVEL.com Corporation Closes First Round Of $10 Million Financing Commitment NEW YORK, May 31, 2000 /PRNewswire via COMTEX/ -- orbitTRAVEL.com Corporation (OTC Bulletin Board: OBTV), a fully reporting company providing business-to- business Internet travel services, today announced that it has closed the first $2 million round of its $10 million financing commitment from Teakwood Ventures L.L.C. The Company anticipates closing its second $2 million round on or before June 30, 2000, and anticipates receipt of the final $6 million round on or before September 30, 2000. orbitTRAVEL.com will use the capital to expand and diversify its online services, and to further penetrate the Internet B2B travel market. The Company will be updating shareholders in forthcoming announcements with further details on orbitTRAVEL.com's business plans and developments. "Our financing arrangement through Teakwood Ventures, L.L.C. represents further validation of orbitTRAVEL.com's opportunities in the Internet B2B travel market," said David A. Noosinow, President of orbitTRAVEL.com. "We are delighted that orbitTRAVEL.com continues to attract superb investors such as Teakwood Ventures. The confidence demonstrated by our investors provides us with the opportunity to generate more revenue and profit for our company and our customers by expanding the range of services we offer. orbitTRAVEL.com will continue its efforts to expand its operations through strategic partnerships and similar arrangements." orbitTRAVEL.com Corporation is an independent travel distribution and e-commerce company that specializes in assisting travel suppliers and tourism destinations to promote, distribute, and sell their products electronically to travel buyers worldwide, via the Interne