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Technology Stocks : IFLY - travel sales on the web pure play -- Ignore unavailable to you. Want to Upgrade?

To: Freddy Offman who wrote (4566)	3/30/1999 4:10:00 PM
From: JeffA	Read Replies (3) \| Respond to of 4761

Stranger & stranger. This is good news and it sells off! Anybody remember SIMARX? IFLY & CDSC were his babies! Hmm.... 800 TRAVEL SYSTEMS, INC. TO ADD FULL RANGE OF INTERNET AUCTION SERVICES BUSINESS & TRAVEL EDITORS/TECHNOLOGY WRITERS TAMPA, FLA.--(BUSINESS WIRE)--MARCH 30, 1999-- NEW ALLIANCE TO DELIVER AUCTION -------------------------------------------------------------------------------- TAMPA, Fla.--(BUSINESS WIRE)--March 30, 1999-- New Alliance to Deliver Auction Component of Internet Travel Portal Services to Members at LOWAIRFARE.COM Products for Auction to Include a Full Range Related to Travel, Including Computer and Entertainment Equipment 800 Travel Systems Inc. (Nasdaq:IFLY.O) a leading provider of a full range of travel related products and services over the Internet and by telephone, announced today it has signed a letter of intent to form a strategic alliance with Cumetrix Data Systems, Corp. (Nasdaq:CDSC.O) a national provider of computer-related products, peripherals and configuration services. Financial terms were not disclosed. George Warde, Chairman of 800 and former President and CEO of American Airlines commented: "The Internet revolution is allowing us to transition our company into a full service Internet Portal Site with Travel driving our membership. Travel is the number one reason why people shop the Internet, and 800 is already there with a one of a kind Interactive Reservation System. We are leveraging our ability to provide discounted airfare to offer our members complimentary Products and Services over the Internet as well as through our strong Call Centers." Through Cumetrix e-Commerce partner Online Transaction Technologies, Inc. (OTT) a leading provider of state-of-the-art e-Commerce Auction and Trading technology, 800 Travel Systems will have the capacity to provide its members and affiliates with full auction-style system capabilities made popular by companies such as eBay (Nasdaq:EBAY.O) , uBid (Nasdaq:UBID.O) and ONSALE (Nasdaq:ONSL.O). About 800 Travel Systems 800 Travel Systems is a leading provider of a full range of travel related products and services in the United States. They provide low-priced travel services through their on-line reservation system located at lowairfare.com and their easy to remember numbers "800-LOW-AIR-FARE" (800/569-2473) and "800-FLY-4-LESS" (800/359-4537). About Cumetrix Data Systems Corp. Cumetrix Data Systems is a national provider of computer-related products, peripherals and configuration services. Using licensed proprietary software the company has developed an Automated Custom Systems Assembly (ACSA) process to offer low-cost high-speed and reliable configuration solutions to its target markets in domestic and international markets. The company has headquarters in City of Industry. (http://www.cumetrix.com/). Online Transaction Technologies, Inc., (OTT) is a provider of proprietary e-commerce technology and software services with a focus on auction and trading applications. With the exception of historical information, certain statements in this press release are forward-looking statements that involve risks and uncertainties. Actual events or results may differ materially from the company's expectations due to various factors. These factors include possible delays in completion and launch of its marketing program, uncertainty and market acceptance of Cumetrix e-commerce technology, successful conclusion of negotiations with other potential clients. The risks highlighted herein should not be assumed to be the only things that could affect the future performance of the company. Additional explanation of these factors and other factors affecting the company's performance are set forth from time to time in the company's filings with the U.S. Securities and Exchange Commission. --30--pp/mi* CONTACT: 800 Travel Systems, Inc., Tampa Jerrold Sendrow, 813/908-0404 KEYWORD: FLORIDA INDUSTRY KEYWORD: COMED COMPUTERS/ELECTRONICS INTERACTIVE/MULTIMEDIA/INTERNET TRAVEL/AIRLINES Today's News On The Net - Business Wire's full file on the Internet with Hyperlinks to your home page. URL: businesswire.com Copyright 1999, Business Wire