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Feb. 12, 1999--Genisys Reservation Systems, Inc. (NASDAQ: NETC/GENS) has begun trading under a new symbol, NETC, it was announced today by Larry Burk, president and CEO. The company will ask shareholders to approve a name change, from Genisys Reservation Systems, Inc. to netcruisetravel.com, inc. at its next annual shareholders meeting. ''These changes reflect our new strategic direction, as an Internet travel company,'' Burk said. As previously announced, the company plans to launch www.netcruise.com, a full-service Internet travel site, in mid-February. The site will allow NetCruise independent travel consultants to research and book travel. The content also will include travel packages, including cruises. In addition, the company will offer subscriptions to the travel site that will allow consumers to become part of the NetCruise Independent Travel Consultant Network. Network members will receive travel discounts. They also will receive commissions on all the travel they book for themselves and/or for friends, relatives and business associates. NetCruise.com features patent-pending proprietary technology that allows members to view instant, full-motion video of travel destinations through seamless interaction with the NetCruise CD Rom travel library. Genisys Reservation Systems, Inc. has specialized in the design and operation of computerized reservation systems for the travel industry, and has now focused its efforts on the on-line travel business. Contact: Genisys Reservation Systems Inc., Union Larry Burk, 908/810-8767 | ||||||||||||||
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