OTV Onetravel Hlgs

OneTravel Holdings, Inc. (AMEX:OTV), a leading online and offline provider of travel and leisure services, announced today that it has retained Genesis Select Corporation to initiate a comprehensive institutional investor relations program. Genesis Select will work closely with OneTravel Holdings' management to communicate the Company's compelling business model, growth strategy and operational progress to portfolio managers, buy- and sell-side analysts and the investment community at large. Genesis will also assist OneTravel Holdings in demonstrating to Wall Street the apparent valuation disparity between OneTravel Holdings and comparable properties in the marketplace. These properties include various travel-related entities within Cendant Corp. and InterActive Corp. "Genesis Select has demonstrated the ability to generate significant investor interest in micro-cap companies as measured by both increased institutional ownership and research coverage for their clients," said William Goldstein, Chairman and Chief Executive Officer of OneTravel Holdings. "We have successfully created a degree of critical mass by aggregating our valuable travel properties that we market through various Web sites. We have operated under the radar screen for long enough and feel that it is time to focus simultaneously on continuing to grow our core businesses and demonstrating to Wall Street the opportunity that exists in what we believe is an undervalued equity situation. Genesis Select is a great partner to have in our attempt to achieve the latter," added Goldstein. "OneTravel Holdings, Inc. has been able to demonstrate strong organic growth through its marketing, emphasis on customer service and commitment to deliver the best travel value to its customers. Based upon its track record, we believe that the Company trades at a significant discount to its public peers," said Budd Zuckerman, President of Genesis Select. "The Company's business model stands to benefit tremendously from the ability to further leverage existing technology across Web sites including www.cheapseats.com, www.onetravel.com, www.discounthotels.com, www.11thhour.com and www.suntrips.com. Additionally, the Company's private label program, which powers the travel sites for operations such as Sam's Club, the Travel Network and SideStep, provides strong additional distribution channels and gives us confidence that OneTravel Holdings will be able to grow significantly faster than its peers," explained Zuckerman. About OneTravel Holdings, Inc. OneTravel Holdings, Inc. (www.onetravelholdings.com) derives all of its revenues from its travel business subsidiaries, FS SunTours, Inc., which sells leisure and vacation travel packages under the SunTrips(R) brand (www.suntrips.com), and Farequest Holdings, Inc., operating under the name 1-800-CHEAPSEATS (www.cheapseats.com) and OneTravel, Inc. (www.onetravel.com), both of which are leading online and offline providers of a full range of travel services. About Genesis Select Corp. Genesis Select Corporation (www.genesisselect.com) is an independent investment advisory and financial communications firm that specializes in micro through mid-capital public companies. The firm's senior professionals integrate knowledge and expertise gained over 50 years at prominent Wall Street firms. Genesis Select works closely with clients to maximize shareholder value through strategic institutional investor relations and financial communications programs. Statements in this news release about anticipated or expected future revenue or shareholder value growth or expressions of future goals or objectives, including statements regarding market conditions or whether current plans to grow and strengthen the Company's business will be implemented or accomplished, are forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended. When used in this release and documents, the words "anticipate", "believe", "estimate", "expect" and similar expressions, as they relate to the Company or its management, are intended to identify such forward-looking statements, but are not the exclusive means of identifying these statements. All forward-looking statements in this release are based upon information available to the Company on the date of this release. Any forward-looking statements involve risks and uncertainties, including the risk that the Company will be unable to grow or strengthen its business due to a lack of capital or a change in market demand for its products and services or to fully or effectively integrate all business units or the inability to realize anticipated cost savings or revenue and stockholder value growth opportunities associated with the acquisitions of Farequest Holdings, Inc. and OneTravel, Inc. There is also a risk that the Company's shareholders will not approve certain matters related to the sale of preferred stock, which would require a redemption that the Company may not be able to fund. The Company has previously mentioned in conference calls that gross bookings are not equal to gross revenues under generally accepted accounting principles, so no inference can be made about profitability based on gross bookings unless expressly stated by the Company. There is also no certainty that the Company will be successful in its quest to secure strategic alliances in its efforts to restructure its SunTrips operations. The Company is also subject to those risks and uncertainties described in the Company's filings with the U.S. Securities and Exchange Commission ("SEC"), including the Company's historical losses and negative cash flow, its need for additional capital, including to finance the $12,500,000 promissory notes payable to the former stockholders of OneTravel, Inc., and that future financing, if available, will dilute the Company's current common stockholders. Additionally, forward-looking statements concerning the performance of the travel and leisure industry are based on current market conditions and risks, which may change as the result of certain regulatory, political, or economic events, a shift in consumer travel preferences, as well as those risks and uncertainties described in the Company's SEC filings, which could cause actual events or results to differ materially from the events or results described in the forward-looking statements, whether as a result of new information, future events or otherwise. Readers are cautioned not to place undue reliance on these forward-looking statements.