OneTravel Holdings, Inc. to Present at the Roth Capital Partners New York Conference
06 Setembro 2005 - 1:15PM
Business Wire
OneTravel Holdings, Inc, (AMEX: OTV), a leading provider of online
and offline travel services, announced today announced that William
Goldstein, Chairman and CEO, and Marc Bercoon, President, will
present an overview of the Company's business and strategy at the
Roth Capital Partners New York Conference on Wednesday, September
7, 2005 at 9:30 a.m. at the Westin Times Square. About OneTravel
Holdings, Inc. OneTravel Holdings, Inc. (www.onetravelholdings.com)
derives all of its revenues from its travel business subsidiaries,
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, and FS SunTours, Inc., which sells leisure and
vacation travel packages under the SunTrips(R) brand
(www.suntrips.com). The Company derives additional revenue from
operating other travel related web sites including
www.discounthotels.com and www.11thhour.com. 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. 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. For a complete description of the items approved at the
annual stockholder's meeting, the Company's proxy statement is
available for viewing in the Company's SEC filings.
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