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ADEN
0.250000
-0.080000
delayed 20 mins - disclaimer
Tuesday February 2, 8:09 am Eastern Time
Company Press Release
E-Commerce Patent Alliance to Recast 'Net Travel Services
Exclusive agreement raises the stakes in Priceline patent controversy
ALEXANDRIA, Va.--(BUSINESS WIRE)--Feb. 2, 1999-- The founder and president of MercExchange, LLC, Thomas G. Woolston, today announced an agreement to license his issued and pending e-commerce patents to one of the Internet's leading travel services.
The MercExchange alliance with Aden Enterprises Inc. (OTC:ADEN - news), owner of the fast-growing travel services web site Cheapfares.com, will create a unique electronic marketplace for travel services and eclipse competitors by serving tens of thousands more travel customers each month.
Under the new agreement, Aden will join arms with MercExchange in the company's legal conflict with Priceline.com, a Cheapfares.com competitor. MercExchange recently petitioned the U.S. Patent and Trademark Office to cancel Priceline.com's 'landmark' patent and to award the patent to MercExchange.
''It is a pleasure to initiate this partnership because Aden Enterprises and MercExchange share a common vision of the future of the internet,'' Woolston said. ''It is especially gratifying to know we will be jointly developing the potential of the MercExchange technology while also working together to bring the Priceline.com interference toward resolution.''
''We consider the intellectual property debate to be a critical discussion and we are motivated to enter the battle allied with MercExchange,'' Cheapfares.com Vice Chairman Jerry Murphy said. ''Tom Woolston and his company have our full support.''
Aden Enterprises recently acquired Cheapfares.com (also Cheapfares.to), an on-line travel services web site which received more than 129,000 traveler inquiries in the last quarter of 1998 - it's first quarter on-line. The company is profitable and poised for extraordinary growth in 1999, with 150,000 inquiries already received in January.
However, as with all other on-line travel services, Cheapfares.com's highest hurdle is successful fulfillment of more traveler inquiries.
To help answer this challenge, on Jan. 27, 1999, MercExchange licensed Aden to employ its patented and patent pending technology in the on-line travel services industry through its subsidiary, Cheapfares.com, LLC. Aden has also invested in MercExchange and taken an equity position in the MercExchange venture.
The alliance will employ two aspects of the patented technology to set the industry standard for customer service. First, Cheapfares.com will soon present a two-tiered electronic market for their travel services.
While encouraging increased consumer interaction on the site, they will create a second level of automated service for the 850 independent affiliates Aden has been organizing for several months. These affiliates offer travel services directly to people who cannot or do not have access to the Internet by bundling these needs and fulfilling them through Cheapfares.com.
''We are quickly approaching the day when Cheapfares.com will have thousands of affiliates in offices, storefronts and neighborhoods across the United States and around the world,'' Murphy said. ''This is the Aden E-commerce difference - we are pledged to design and develop Internet applications which touch and add real value to the lives of real people on- and off-line. Cheapfares.com is the first in a suite E-commerce websites we will introduce in the months ahead.''
Secondly, Cheapfares.com will create a unique, entertaining and satisfying marketplace for on-line travel services. The patented features of the site could potentially render the so-called 'reverse auction' virtually obsolete.
The novel Cheapfares.com electronic market educates the consumer on the difference between a fair price, a good price and a great price while maintaining the excitement of negotiating for the best price. With this knowledge and the Cheapfares.com/MercExchange technology, depending upon the regulatory environment, participants could conceivably 'day trade' airline tickets on-line.
''Satisfied customers are the key to success in the travel industry and the 'reverse auction' is simply not working,'' said Murphy, who formerly served as President and CEO of Kiwi International Airlines. ''Our repeat customers do not log onto Cheapfares.com just hoping for a miracle ticket, but with a clear intention to travel and a desire for great service and a good deal. Our technology solution combined with our many other extra efforts to fulfill business requirements, family needs and vacation dreams - will set Cheapfares.com apart.''
MercExchange will work closely with Aden Enterprises as Cheapfares.com's special features are rolled out and further Internet applications are developed and introduced to the public.
Founded in 1995, MercExchange is based in Alexandria, and is seeking further strategic alliances and venture capital to develop applications for patented and patent-pending technology in E-commerce, including Internet auctions.
Omaha, Nebraska-based Aden Enterprises Inc. is a holding company founded in 1985 with business units developing and offering Internet solutions in the travel, energy, telecommunications, and debt collection industries. Cheapfares.com, LLC, is an Internet-based service company fulfilling travelers needs since 1998 from Aurora, Colorado.
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Contact:
RUDER FINN PR
Michael Caputo
202/974-5026
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ARTICLE II
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ADEN
0.250000
-0.080000
delayed 20 mins - disclaimer
Wednesday January 13, 4:08 pm Eastern Time
Company Press Release
Aden Enterprises Announces Acquisition Agreement and Increase In Internet Travel Bookings
OMAHA, Neb.--(BUSINESS WIRE)--Jan. 13, 1999--Aden Enterprises, Inc. (OTC:ADEN - news) announced today that it has purchased a company which provides credit card collection services for government entities and that its Internet-based travel booking requests are up by roughly 200% in the past 90 days.
Aden purchased Indianapolis-based Government .Payment Services, Inc. (GPS) for 5 million shares of common stock and notes for approximately $500,000. GPS provides remote credit card payment services for municipal and local government agencies and the bail bond industry in 21 states around the US. In 1998, GPS processed $1.7 million in transactions and has forecasted substantial growth in 1999. GPS currently processes transactions via the telephone but has initiated an Internet-based system for payment. Slated for launch this quarter, the Internet site will be accessed through www.paytrac.com. Aden purchased GPS from Synergy Media, Inc., a company of which certain board members and officers maintain an interest.
In conjunction with the transaction, the Company appointed Dale Conrad to the position of Executive Vice President and a member of the Board of Directors. In conjunction with his employment agreement, Mr. Conrad received warrants to purchase 5 million shares of common stock at a price of $.25 per share. The GPS employees were also awarded warrants to purchase 250,000 shares at $.25.
Separately, Aden announced that its Internet-based travel booking requests have grown by approximately 200% during the past 90 days. At the present time, Aden's Liberty Court Travel responds to approximately 200 travel requests per day. Most of these requests are provided through the Company's joint venture with Cheapfares. The Cheapfares sites, anticipated to be acquired by Aden, have experienced similar growth with daily travel requests of approximately 3,000 per day in the month of January. Although the Company has only filled a small number of the travel requests on a percentages basis to date, it is optimistic about achieving higher conversion rates due to recently negotiated agreements with wholesale airline ticket providers.
Aden Enterprises, Inc. is not profitable at the present time and does not expect to be in the near future. The Company has limited financial resources and there can be no assurance it will raise sufficient capital to fund its operations or fulfill the Agreement. Aden Enterprises, Inc. has a significant amount of debt that is currently in default and it is a party in certain litigation. In exchange for certain consideration, a shareholder entered into an agreement previously to assume all of its debt and indemnify the Company for all known litigation.
At the present time, there are currently 100 million shares of common stock outstanding and approximately 25.25 million warrants to purchase common stock at prices ranging from $.01 per share to $.25 per share. The Company is also required to issue an additional 12 million shares to an officer and shareholder of the Company for common stock he tendered to the Company as treasury stock in order to permit stock issuance for the Agreement described above and other matters.
Certain information above contains forward-looking statements that may involve risk and uncertainties. Management believes that its expectations are based on reasonable assumptions. However, no assurances can be given that its goals will be achieved. Factors that could cause actual results to differ materially include, but are not limited to, changes in federal, state and local regulations, new product introductions by competitors and changes in technology.
--------------------------------------------------------------------------------
Contact:
Aden Enterprises, Inc.
Scott Christensen, 402/697-0555
Fax: 402/330-3099
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Related News Categories: banking, computers, government, internet, leisure/travel
ARTICLE III
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ADEN
0.250000
-0.080000
delayed 20 mins - disclaimer
Monday January 11, 4:07 pm Eastern Time
Company Press Release
Aden Enterprises makes announcement
OMAHA, Neb.,--(BUSINESS WIRE--Jan. 11, 1999--Aden Enterprises, Inc. (OTC: ADEN - news) announced today that it has expanded the services it will market to consumers on the Internet to include long distance and local telephone service, electricity and gas service. These services will be offered in certain geographic regions through an agreement with Massachusetts based TelEnergy Inc. (www.telenergy.com).
TelEnergy is a service company offering residential consumers the convenience of ONE-stop shopping for essential household utilities such as electricity, natural gas, heating oil, and local and long distance telephone. These services are consolidated on a single, monthly bill with ONE point of customer service.
Aden and its marketing partner NETWorks Direct, Inc. intend to utilize their network of approximately 600 Internet independent agents to market these products. Initially, the energy products will be sold only in the state of Massachusetts. Based upon commercial success and the ability of TelEnergy Inc. to obtain licensing in other states, the geographic focus may expand in the future. The communication products will be sold in the US and abroad.
According to Scott Christensen, President of Aden, ''The TelEnergy relationship is a good fit for our Company's direction in securing new business and service opportunities through the up-selling and cross-selling to consumers on our database that we are developing through our various affiliations. The future of Aden's growth and expansion will be directly related to database marketing practices and principles and our ability to communicate directly to our core customer groups. An Internet company's ability to utilize continuous loop direct marketing will impact its future profitability and rate of growth.''
Aden Enterprises, Inc. is not profitable at the present time and does not expect to be in the near future. The Company has limited financial resources and there can be no assurance it will raise sufficient capital to fund its operations or fulfill the Agreement. Aden Enterprises, Inc. has a significant amount of debt that is currently in default and it is a party in certain litigation. In exchange for certain consideration, a shareholder entered into an agreement previously to assume all of its debt and indemnify the Company for all known litigation.
At the present time, there are currently 100 million shares of common stock outstanding and approximately 20 million warrants to purchase common stock at prices ranging from $.01 per share to $.05 per share. The Company is also required to issue an additional 7 million shares to an officer and shareholder of the Company for common stock he tendered to the Company as treasury stock in order to permit stock issuance for the Agreement described above and other matters.
Certain information above contains forward-looking statements that may involve risk and uncertainties. Management believes that its expectations are based on reasonable assumptions. However, no assurances can be given that its goals will be achieved. Factors that could cause actual results to differ materially include, but are not limited to, changes in federal, state and local regulations, new product introductions by competitors and changes in technology.
--------------------------------------------------------------------------------
Contact:
Aden Enterprises, Inc.
Scott Christensen, President
Telephone: 402-697-0555
Fax: 402-330-3099
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More Quotes and News: Aden Enterprises Inc (OTC BB:ADEN - news)
ARTICLE IV
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ADEN
FDC
SWW
0.250000
37 7/8
3 13/16
-0.080000
-5/16
-1/8
delayed 20 mins - disclaimer
Friday January 8, 2:43 pm Eastern Time
Company Press Release
Aden Enterprises, Inc. Announces:
OMAHA, Neb.,--(BUSINESS WIRE)--Jan. 8, 1999--Aden Enterprises, Inc. (OTC: ADEN - news) announced today that it has expanded its Internet-based travel services through an Agreement to purchase certain Internet domain names, the addition of several new professionals and the expansion of a business venture for the referral of travel service requests.
Under terms of its Internet domain name purchase agreement, the Company will acquire a group of Internet domain names including, cheapfares.to, discountairfare.to, cheapcruises.to and travelauction.to for a combination of stock, warrants and cash. These Internet domain names are currently operational and generate thousands of requests for travel services each day. Under terms of the Agreement, Rene Fidler will enter into a three-year employment agreement with Aden Enterprises, Inc. Ms. Fidler initially studied Astrophysics at Purdue University but redirected her studies to accounting. She has approximately seven years of experience in the travel industry. She worked for American Trans Air and Delta Airlines before opening her own travel agency in 1994.
Aden Enterprises, Inc. currently owns an Internet-based travel agency located in Nebraska called Liberty Court Travel, Inc. which operates on the worldwide web under the name libertycourt.com. Liberty Court Travel works with approximately 600 independent Internet-based agents who refer business from most states in the US and several countries outside the U.S.
The combination of the Company's Internet activities with its independent agent program positions it to compete for discounted and full service leisure travel in the US and abroad. The Company believes that it is positioned to compete with the likes of priceline.com, Preview Travel (NASD: PVTL - news) and other Internet-based travel sites.
The independent agent program is managed in a joint venture with NETWorks Direct, Inc., a company owned by several shareholders of the Company. NETWorks Direct, Inc. has provided funding for the recruitment of independent agents in the past and the two companies share equally in the gross profits from travel business generated by independent agents. Aden and NETWorks Direct intend to expand the Internet-based independent agent business to other areas of commerce including the sale of communication products, electricity, financial services among others. Many of these areas are regulated and are likely to require the involvement of joint venture partners who have licensing and expertise. At the present time, the agents do not offer these services and there can be no assurance they will ever offer such services.
Separately, the Company announced it has named Mr. Scott Christensen to the position of President. He will also assume a position on the Board of Directors. Mr. Christensen has 25 years of experience in direct marketing and database management. He was formerly Director of Database Services for First Data Resources (NYSE: FDC - news). Subsequently, Mr. Christensen worked in senior management for SITEL Corporation (NYSE: SWW - news). Mr. Christensen is the primary owner and President of SellectSoft, LLC an electronic couponing company which has licensed its technology to Aden Enterprises, Inc.
The Company has also entered into an agreement with Jerry Murphy, the former President and Chief Executive Officer of Kiwi International Airlines, as a new member of its Board of Directors and Full Time Advisor to the Company. Mr. Murphy has 30 years of experience as a senior executive in the airline/hospitality industry and previously served in management positions at Pan Am and MGM Grand. In his role as a Board member and Advisor, Mr. Murphy will assist the company with Partnership Development in the Hospitality Area, Brand Loyalty Programs, Strategic Planning and Acquisitions and Future Product Enhancements.
Joe Petsick was appointed to the position of Chief Technology Officer. Mr. Petsick has broad-based experience in the technology services arena, with an emphasis on the Internet. Previously, Mr. Petsick worked for Ameritrade (NASD: AMTD - news) aiding in the development and maintenance of the Company's Internet trading site. His emphasis was in the area of consumer trading communication and trading online.
Aden Enterprises, Inc. is not profitable at the present time and does not expect to be in the near future. The Company has limited financial resources and there can be no assurance it will raise sufficient capital to fund its operations or fulfill the Agreement. Aden Enterprises, Inc. has a significant amount of debt that is currently in default and it is a party in certain litigation. In exchange for certain consideration, a shareholder entered into an agreement previously to assume all of its debt and indemnify the Company for all known litigation.
Aden Enterprises, Inc. issued certain equity and warrants to purchase common stock in conjunction with the Agreement to purchase the Internet domain names. Aden Enterprises, Inc. issued warrants to purchase common stock for a two year period to several professionals and joint venture partners associated with professional services agreements. The Company also issued warrants to parties who provided financing in the past and to others for financial consulting services or investment banking. Among the parties provided with warrants is Southwick Investments, a registered broker-dealer located in Atlanta, Georgia.
At the present time, there are currently 100 million shares of common stock outstanding and approximately 20 million warrants to purchase common stock at prices ranging from $.01 per share to $.05 per share. The Company is also required to issue an additional 7 million shares to an officer and shareholder of the Company for common stock he tendered to the Company as treasury stock in order to permit stock issuance for the Agreement described above and other matters.
Certain information above contains forward-looking statements that may involve risk and uncertainties. Management believes that its expectations are based on reasonable assumptions. However, no assurances can be given that its goals will be achieved. Factors that could cause actual results to differ materially include, but are not limited to, changes in federal, state and local regulations, new product introductions by competitors and changes in technology.
--------------------------------------------------------------------------------
Contact:
Scott Christensen
President
Aden Enterprises, Inc.
Telephone: 402-697-0555
Fax: 402-330-3099
--------------------------------------------------------------------------------
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