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eTravnet.com Forms Strategic Alliance to Implement Its REZconnect Reservation Technology with Abotel and Hostotel Hotels Jun-26-2001

June 26, 2001 (Englewood Cliffs, NJ): “FANTASTIQUE!” says Stephanie Abrams, Executive Vice President of eTravnet.com, Inc., (NASDAQ [otcbb]: ETVT) on signing agreements with Abotel and Hostotel to implement eTravnet's unique patent-pending reservations system, REZconnect, for their 500-plus hotels.

Armand Benichou, President of Abotel Small Hotels of France and Vice President of Maison de la France, member of the board of the French Tourist Office in Paris, described REZconnect as, “Impressive.”

REZconnect's net-to-phone-to-net process delivers web-generated reservations to the hotel's telephone. The reservations agent follows voice prompt to press telephone key-pad numbers to accept the reservation. A demonstration of the process can be found at www.rezconnect.com

“Abotel and Hostotel properties are a perfect match for our technology,” states Michael Brent, eTravnet's President and CEO. “REZconnect gives boutique, independent properties instant connectivity to Internet buyers,” he states.

REZconnect will provide the hotels with reservation functionality from their websites. eTravnet plans additional marketing plus from its “bricks” division, Travel Network, a franchised chain of travel agencies.

“We are in the unique position to provide our strategic partners with the power of our “bricks” and “clicks” divisions,” Abrams states. “Travel Network agencies are located in prime retail space including prominent positions inside Wal-Mart SuperCenters. Our partners benefit from exposure through our store locations and agencies' websites.”

eTravnet signed strategic partnerships with Zagat.com to provide online surveyed restaurants with interactive reservations, with Kmart to place Travel Network inside Super Kmart and with Worldspan, the global distribution system owned by Delta, Northwest, and TWA, to provide web-based reservations capability for niche market cruise lines, hotels, and tour operators to over 21,000 travel agencies in Worldspan's network.

While Brent states, “the Abotel and Hostotel alliance is another validation of REZconnect,” Abrams' conclusion is, “C'est magnifique!”

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This press release contains forward-looking statements. All such statements involve risks and uncertainties, including, without limitation, the risks detailed in eTRAVNET.COM, Inc.'s filings and reports with the Securities and Exchange Commission. Such statements are only predictions and actual events or results may differ materially.

 

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