Cheap Tickets Partners With Alamo and Avis to Offer Discounted Car Rentals
11 April 2000
Cheap Tickets Partners With Alamo and Avis to Offer Discounted Car Rentals
Cheap Tickets Signs Preferred Partner Agreements With Leading Car Rental
Agencies; Substantial Increase in Rental Car Sales Anticipated in 2000
HONOLULU, April 10 Cheap Tickets, Inc. , a
leading discount travel seller, today announced it has signed preferred
partnership agreements with Alamo and Avis. Now, Cheap Tickets customers can
book discounted car rentals with their air travel purchase either online at
http://www.cheaptickets.com or through its toll-free number, 1-800-OKCHEAP.
The new preferred partnership agreements with Alamo and Avis will position
Cheap Tickets as one of the most comprehensive providers of discounted car
rentals in the travel industry. Cheap Tickets expects a substantial increase
in its car rental revenue in 2000, due to its preferred partner agreements.
"We are pleased to announce that Alamo and Avis have signed on to become
Cheap Tickets' preferred partners," said Sam Galeotos, president and COO,
Cheap Tickets. "We are committed to bringing value to our customers, both in
the air and on the ground. Cheap Tickets' goal is to provide our customers
with a one-stop shop for all of their travel needs, and our new preferred
partners will allow us to further that goal."
Under the terms of the new agreements, Cheap Tickets will enable its
customers to choose from thousands of car rental offerings from either Alamo
or Avis, through Cheap Tickets' proprietary car rental-booking system. This
new system will streamline the car rental process by providing consumers with
the opportunity to rent ground transportation while they book their air
travel. The new system has already been implemented in Cheap Tickets' call
centers and is set to launch online by the end of the second quarter of this
year.
The new agreements mark another period of rapid growth for Cheap Tickets,
making it one of the top online discount travel sellers worldwide. In fact,
Cheap Tickets offers its customers one of the largest product selections in
the discount travel market place, with more than 400,000 non-published
airfares from more than 35 of the world's top carriers and now, thousands of
discounted car rental rates from two of the leading car rental agencies
worldwide.
About Cheap Tickets
Founded in 1986, Cheap Tickets, Inc. is a leading retail seller of
discount tickets for leisure travel. Offering more than 400,000 non-published
airfares on more than 35 carriers, Cheap Tickets sells directly to consumers
through its toll-free number, 1-800-OKCHEAP, its Internet site,
http://www.cheaptickets.com, and its 12 retail stores nationwide.
"Safe Harbor" Statement under the Private Securities Litigation Reform Act
of 1995: Statements in this press release regarding the business of Cheap
Tickets, Inc. which are not historical in facts are "forward-looking
statements" that involve risks and uncertainties. These forward-looking
statements include statements about anticipated increases in car rental
revenues and in the integration of car rentals and airfares online. Actual
results may differ materially due to factors including, but not limited to:
demand for car rentals; actual and potential competitors; the continued growth
of online commerce and Internet infrastructure; and the technological
capabilities of the Company. For a discussion of such risks and
uncertainties, and other factors which could cause actual results to differ
materially from those contained in the forward-looking statements, see
information contained in the Company's Registration Statement on Form S-1 and
other reports the Company files with the Securities and Exchange Commission.
Product and company names may be registered trademarks, trademarks or
servicemarks of their respective owners.